Original author: 1912212.eth, Foresight News
On April 21, Bitcoin broke through $87,000, Ethereum rebounded above $1,600, SOL also rose above $140, and altcoins rose slightly. According to Coinglass data, the 24-hour liquidation of open contracts on the entire network reached $220 million, and the liquidation of short orders reached $142 million.
The global macro-economy is in a complex situation under the dual influence of the Feds policies and the Trump administrations tariff measures. Both the U.S. stock market and the crypto market are under pressure. Fed Chairman Powell recently said that the markets expectation that the Fed will intervene to calm the volatility may be wrong. When asked whether the Fed would intervene to deal with the sharp drop in the stock market, Fed Chairman Powell said: My answer is no, but I will give an explanation. Under the hawkish remarks of Fed Chairman Powell, Trump continued to put pressure on him, and the timing of the interest rate cut remains unknown.
In terms of tariffs, Wall Street Journal reported that Trump hinted in an interview last week that the tit-for-tat tariff increases between the United States and China may be coming to an end. Speaking about tariffs at the White House, Trump said: I dont want tariffs to continue to rise, because at a certain point, people wont buy them.
However, given that the final outcome is still uncertain, the macro market sentiment has not been significantly repaired. Today, spot gold has hit a record high of $3,364 per ounce, and the crypto market has fluctuated repeatedly and entered a boring period.
How will the market develop in the future? Some institutional leaders gave their opinions.
Placeholder Partner: Bitcoin will hit a new high this year
Chris Burniske, a partner at Placeholder, tweeted that he predicted that the market might experience a few more quarters of gains before everyone would be bearish again, and he reminded investors to take profits appropriately when market sentiment is high. Chris Burniske said in response to comments that Bitcoin will hit a new high this year.
Matrixport: Bitcoin needs multiple catalysts to achieve sustained growth
Matrixport recently released a summary report stating that possible catalysts for Bitcoin to continue to rise include:
(1) The Federal Reserve sends a dovish signal or cuts interest rates;
(2) Liquidity growth at the micro level, such as the growth of stablecoins and increased futures leverage;
(3) Liquidity growth at the macro level, such as money supply growth or government stimulus measures.
For altcoins to rise significantly, we need to see actual application scenarios driving demand growth or a surge in liquidity. However, according to tracking indicators, the possibility of a significant influx of liquidity in the crypto market is unlikely.
Real Vision founder: Bitcoin will rise with M2
The founder of Real Vision recently released a schematic diagram of Bitcoin price and global M2 liquidity, and said that Bitcoin will also rise along with the M2 trend.
Traders: Focus on the $88,000 mark
Trader Saint Pump tweeted that Bitcoin shorts were squeezed in this rally and now the focus is on $88,000.
10x Research Head: Bitcoin may be entering a long-term consolidation period
Markus Thielen, head of research at 10x Research, believes that Bitcoin may be entering a long-term consolidation period. In a recent market report, Markus warned that short-term technical signals paint a more cautious picture, despite many analysts predicting a new all-time high in the middle of the year. Markus pointed out that Bitcoins stochastic oscillator - a technical indicator that measures momentum - shows that market characteristics are more consistent with a late cycle top rather than the beginning of a new bull run.
Santiment: Bitcoin whales are still increasing their holdings
Data charts released by Santiment show that wallets holding 10 to 10,000 bitcoins, as key stakeholders in bitcoin, currently hold 67.77% of the asset, which ranks first in the cryptocurrency market by market value. During the market volatility in April, these wallets continued to increase their holdings, and have bought more than 53,600 bitcoins since March 22.
Coinbase Research Director: Market could bottom out in mid-to-late second quarter of 2025
David Duong, head of research at Coinbase, predicted in a recent monthly report that the market could bottom out in the middle to late second quarter of 2025, creating conditions for a recovery in the third quarter. Investors are currently advised to maintain a defensive stance on risky assets.
Bitwise Chief Investment Officer: Optimistic about the market rebound in Q2
Matt Hougan, chief investment officer of Bitwise, called Q1 of this year the best worst quarter in crypto history and pointed out several factors that may drive a market rebound in Q2: an increase in global money supply, an improved regulatory environment in the United States, and a record high in the size of stablecoin asset management.
