Scan to download
BTC $79,080.98 -2.71%
ETH $2,220.56 -3.14%
BNB $673.13 -0.86%
XRP $1.43 -4.67%
SOL $89.21 -3.66%
TRX $0.3515 -0.94%
DOGE $0.1129 -2.24%
ADA $0.2606 -4.24%
BCH $424.51 -2.96%
LINK $10.02 -5.27%
HYPE $44.52 +1.60%
AAVE $92.66 -6.79%
SUI $1.09 -8.39%
XLM $0.1543 -6.17%
ZEC $515.95 -3.88%
BTC $79,080.98 -2.71%
ETH $2,220.56 -3.14%
BNB $673.13 -0.86%
XRP $1.43 -4.67%
SOL $89.21 -3.66%
TRX $0.3515 -0.94%
DOGE $0.1129 -2.24%
ADA $0.2606 -4.24%
BCH $424.51 -2.96%
LINK $10.02 -5.27%
HYPE $44.52 +1.60%
AAVE $92.66 -6.79%
SUI $1.09 -8.39%
XLM $0.1543 -6.17%
ZEC $515.95 -3.88%

bet

Analysis: Bitcoin is oscillating between favorable regulations and rising yields, with continuous outflows from ETFs putting pressure on prices

According to Decrypt, the price of Bitcoin remains around $80,350, with a short-term increase of only 0.8%, continuing to face pressure after multiple attempts to break through the $82,000 resistance level failed. This range is seen as a combined resistance level of the ETF cost line, the 200-day moving average, and the CME gap filling area. Although the U.S. CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional funds continue to withdraw.Data shows that the net outflow of the U.S. spot Bitcoin ETF has decreased to an average of -$88 million per day over the past seven days, marking the largest outflow since mid-February. Analysts believe that this round of selling pressure is more about "profit-taking" rather than panic selling. On a macro level, rising U.S. Treasury yields have become a core source of pressure. The yield on the U.S. 10-year Treasury bond has risen to about 4.52%, reaching a 10-month high, while the April CPI has increased by 3.8% year-on-year, the highest level in three years, further delaying market expectations for a Federal Reserve interest rate cut.Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets. From an institutional perspective, some analysts believe that the current outflow of ETF funds is part of portfolio rebalancing rather than a trend-based withdrawal.The options market shows that Bitcoin faces significant resistance in the $82,000-$84,000 range, while $77,000 is a key support level. If the price falls below this range and leverage does not cool down, the market may enter a deleveraging phase, increasing the risk of a correction.

Next week's macro outlook: Important window for peace talks may open between the US and Iran, and Russia and Ukraine; Waller officially takes over as Chairman of the Federal Reserve

According to Jinshi reports, this week, significant signs of peace have emerged in the US-Iran conflict and the Russia-Ukraine conflict, greatly easing geopolitical risks. Next week, it is worth paying close attention to whether these two geopolitical conflicts can further cool down. In addition, next week's macro events will focus on the US April CPI data, as detailed below:Tuesday 15:15, FOMC permanent voting member and New York Fed President Williams will participate in a panel discussion on monetary policy;Tuesday 20:15, US ADP employment change for the week ending April 25;Tuesday 20:30, US April CPI data;Wednesday 04:30, US API crude oil inventories for the week ending May 8;Wednesday 20:30, US April PPI year-on-year and month-on-month;Friday 05:30, Fed Governor Barr will deliver a speech;Friday 21:15, US April industrial production month-on-month.Finally, next week the Federal Reserve will undergo significant personnel changes. Nominee Chairman Kevin Warsh is expected to be confirmed by the Senate on Monday and will officially take over from Powell on May 15.In terms of US stocks, as of this Friday, a new round of surges has pushed the S&P 500 index up 8% cumulatively in 2026, continuing to rise on the basis of achieving double-digit returns for three consecutive years. The tech-heavy Nasdaq Composite Index has risen nearly 13% year-to-date, with both major indices reaching all-time highs. Although the first quarter earnings season is nearing its end, corporate reports will still be a key driver of stock prices in the coming days.AI

Bridgewater founder: $39 trillion in debt could trigger a crisis, Wall Street bets funds will shift from gold to Bitcoin

According to Forbes, Bitcoin bulls have added a macro narrative. Ray Dalio, founder of Bridgewater Associates, warned that the $39 trillion debt crisis in the U.S. could lead to a long-term devaluation or even collapse of the dollar, while JPMorgan analysts believe that the market is witnessing a rotation from gold to Bitcoin in the currency devaluation trade.Dalio stated that the current annual spending in the U.S. is about $7 trillion, with revenues of only about $5 trillion, and the long-term fiscal deficit and debt expansion are nearing historically dangerous levels. He believes that during similar periods, fiat currencies tend to depreciate continuously, while gold benefits.Meanwhile, JPMorgan analyst Nikolaos Panigirtzoglou pointed out that as the conflict in Iran escalates, the inflow of funds into Bitcoin ETFs has continued to exceed that of gold ETFs, with some funds viewing Bitcoin as digital gold and a hedge against dollar devaluation.The report mentioned that since the outbreak of the U.S.-Iran conflict, the price of Bitcoin has risen by about 30%, although it is still below the historical high of $126,000 in 2025. Notable investors, including Stanley Druckenmiller and Elon Musk, have also expressed concerns about the long-term status of the dollar as a reserve currency.
app_icon
ChainCatcher Building the Web3 world with innovations.