ChainCatcher message, QCP's analysis indicates that "the global market is in a wait-and-see mode, with market participants digesting geopolitical headlines and adjusting their risk exposure ahead of a potential resurgence in volatility.In the digital asset space, Bitcoin continues to trade sideways. Investor sentiment remains cautious, and market positioning suggests that participants are waiting for clearer catalysts.Currently, the cryptocurrency market is still in a buildup phase. The next headline, macro shift, or tail event could spark a resurgence of past volatility."

ChainCatcher news, QCP released a briefing stating, "The unexpected rise in job vacancies has boosted risk sentiment, bringing the S&P 500 index close to the psychologically significant 6000-point mark ahead of Friday's key non-farm payroll data. Stable non-farm payroll data will reinforce the Federal Reserve's narrative about the resilience of the labor market, strengthening market expectations that interest rates will remain unchanged.In terms of trade, the market remains in a wait-and-see mode, anticipating the expected China-U.S. talks. Bitcoin (BTC) has seen a decrease in short-term volatility, with spot prices maintaining around the familiar $105,000 level; the 1-month implied volatility has dropped below 40 volatility. In the interest rate market, trading volumes for China's 10-year and 30-year government bond futures have fallen to their lowest levels since February, reflecting a broader risk-averse sentiment and a wait-and-see attitude.Bitcoin continues to oscillate within a range, with light positions and normalized skew indicating a lack of clear directional conviction in the market. Since May, the volatility curve has flattened from the mid to long end, reflecting a similar downward trend to the VIX index, prompting some investors to engage in opportunistic long volatility trades. Notably, the $130,000 call options expiring in September traded at a 47 volatility, indicating localized interest in upside before the third quarter.Looking ahead, the third quarter may be more challenging. Tariff-related impacts may begin to seep into macro data, while fiscal risks surrounding the "Build Back Better" (BBB) plan and the debt ceiling could trigger potential news-driven volatility. In the absence of clear catalysts, Bitcoin is unlikely to break out significantly from its current range."

ChainCatcher news, Bitget CEO Gracy Chen was interviewed by CNBC during Bitcoin2025. In the interview, she shared her views on the next round of cryptocurrency catalysts, the level of participation from institutional investors, and Bitget's strategic planning in the Asian market.When discussing the launch of USD1 on Bitget, Gracy stated, "We launched USD1, which is the stablecoin issued by WLF. On one hand, it is due to user demand, and on the other hand, we also see WLF promoting its ecological partnerships, which may lead to deeper cooperation with us in the future."

ChainCatcher news, according to The Block, although the deadlines for several executive orders have passed without public announcement, analysts believe that Trump's upcoming Memecoin gala and Vance's Bitcoin 2025 keynote speech may provide new information.Analysts at K33 stated that the development of crypto policy remains a key catalyst, urging participants to pay attention to potential developments in strategic Bitcoin reserves in the coming days.However, analysts warned that recent executive orders could have far-reaching impacts on the digital asset market. The Trump administration has signed multiple executive orders, including the establishment of strategic Bitcoin reserves and a U.S. digital asset reserve, aimed at making the U.S. a global cryptocurrency hub.

ChainCatcher news, according to Jin10 data reports, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be looking for a new catalyst to drive prices significantly higher. "As traders continue to assess the broader risk backdrop, the market tone remains cautiously optimistic." Bitcoin prices have recently rebounded from April's lows and are currently hovering in the range of $101,000 to $105,000.

ChainCatcher news, according to CoinDesk, the market has basically been in a range-bound state over the past week, and analysts believe this lays the groundwork for a potential strong upward movement.FxPro Chief Market Analyst Alex Kuptsikevich stated: "A prolonged consolidation usually builds momentum for the subsequent trend. The next important trigger could be the employment market data on Friday.""Over the past five days, the market's volatility range has been very narrow, showing a slight downward trend. However, it has still failed to break through its 200-day moving average, which currently stands at $3.01 trillion. If a global positive factor emerges, the market is expected to break through and potentially challenge the $3.5 trillion area," Kuptsikevich added, noting that the altcoin market may experience strong volatility.

ChainCatcher news, QCP Capital analysis pointed out that President Trump suspended his criticism of Federal Reserve Chairman Powell this week and promised to significantly reduce the high tariffs on Chinese goods by 145%, leading to a warming market sentiment. Bitcoin responded by rising, reaching as high as $94,500 during the day, marking its fifth consecutive day of gains, and briefly surpassing Google's parent company Alphabet to become the fifth largest asset in the world.Institutions continue to increase their positions, further solidifying Bitcoin's market capitalization status. The $95,000 call options are actively traded, indicating that the market is betting on further upward movement. Current market sentiment is overheated, and in the short term, it may fluctuate in the range of $90,000 to $94,500, waiting for a catalytic event to break through $100,000.

ChainCatcher news, BlackRock CEO Larry Fink has warned of a potential economic recession in the U.S., stating that the recession may have already begun. In an interview with CNBC, Fink pointed out that the escalating economic pressures and protectionist trade policies—especially the tariffs from former President Trump's era—are key driving factors behind what he believes is a slow economic contraction. While concerns about a recession typically unsettle traditional markets, cryptocurrency investors may have reason to cheer. The impending economic slowdown could prompt the Federal Reserve to alter its monetary tightening path, potentially triggering a new wave of liquidity. According to analysts, this scenario could become a major catalyst for digital assets like Bitcoin. Fink's comments follow similar predictions from major Wall Street institutions, including JPMorgan, Deutsche Bank, and Goldman Sachs. Bitwise Chief Investment Officer Matt Hougan believes that a weak dollar could boost Bitcoin in the short term and may open the door for BTC to gain traction as an alternative global reserve asset in the long run.

ChainCatcher news, 21Shares cryptocurrency research strategist Matt Mena stated that U.S. stocks are experiencing volatility amid macroeconomic uncertainty, while BTC has shown resilience in defending the $84,000-$85,000 support area. The Coin Bureau founder Nic Puckrin pointed out that the PCE data to be released this Friday could lead the Federal Reserve to delay its recent rate cut plans, and Bitcoin is not expected to return to its historical highs before the Fed cuts rates again.Long-term bullish catalysts for the crypto market are forming, one of which is the imminent confirmation of crypto-friendly Paul Atkins as the chairman of the U.S. Securities and Exchange Commission, which could unlock Ethereum ETF staking and approve other digital asset ETFs; additionally, proposed U.S. strategic Bitcoin reserve legislation is expected to be introduced in May. If officially implemented, it would position Bitcoin alongside gold as a sovereign-level asset.

ChainCatcher message, Arbitrum DAO member Nathanvander Heyden submitted a proposal calling for the retraction of unused funds allocated to the Arbitrum Game Catalyst Program (GCP). The program, which is set to launch in 2024, aims to position Arbitrum as a leading platform for on-chain game development. "We must gradually cease GCP activities and ensure all possible funds are secured to protect the DAO's finances and restore investor confidence in the DAO's ability to allocate capital," vanderHeyden wrote in a governance forum post. The community member also noted that GCP has been reluctant to document its activities and that the program has not fulfilled its promises.

ChainCatcher news, according to Cointelegraph, Nansen research analyst Nicolai Sondergaard stated that despite significant positive developments in the cryptocurrency space, global tariff concerns will continue to put pressure on the market.Before tariff-related issues are resolved, risk assets may lack direction, which could occur between April 2 and July. If the tariff issues are resolved, it will provide a positive catalyst for the market.

ChainCatcher news, QCP published on its official channel stating that last night's FOMC meeting brought a long-awaited bullish catalyst to the market, pushing Bitcoin prices to break through $85,000 with a significant increase. The Federal Reserve decided to start tapering its "quantitative tightening" plan from April. The market interpreted this as an indirect rate cut, reinforcing expectations that the Fed may begin easing policies as early as June.As of the writing of this article, the market anticipates three rate cuts in 2025, scheduled for June, September, and December. Aside from the current excitement, the Fed's tone is noticeably cautious. Policymakers have lowered the economic growth forecast to 1.7% (a reduction of 0.4 percentage points), while raising the inflation forecast to 2.8%, indicating that the risk of stagflation is rising. Additionally, the Fed's dot plot shows a more hawkish shift compared to last December, with the number of officials expecting no rate cuts in 2025 increasing to four.In the options market, market positioning has returned to normal, with skew shifting back towards call options. This contrasts sharply with earlier this week when skew was leaning towards put options. The key test now will come when the U.S. market opens tonight.

ChainCatcher news, Matrixport released today's chart stating that by mid-December 2024, the inflow of Bitcoin ETF funds and the open interest of Bitcoin futures contracts will both reach approximately $35 billion. After that, futures positions significantly declined, while the inflow of Bitcoin ETF funds remained relatively stable.This indicates that short-term traders are exiting, possibly selling their positions to long-term investors. Currently, both the funding rate and market trading volume are low, and unless new macro catalysts emerge, the likelihood of significant growth in Bitcoin ETF funds is relatively small.

ChainCatcher news, QCP Capital's latest analysis points out that although the possibility of a rate cut by the Federal Reserve this Wednesday is extremely low, any dovish signals from Powell could act as a catalyst for Bitcoin's upward momentum. As the U.S. shifts from "fiscal dominance" (government spending driving growth) to deficit reduction pushed by Trump, the burden of policy has shifted back to monetary policy. While QCP does not expect an unexpected rate cut from the Federal Reserve, dovish signals could trigger upward momentum in the market.Macro volatility has eased slightly, with the VIX index retreating to around 20, and Bitcoin's volatility has also decreased, currently oscillating within the $80,000 to $85,000 range. In the absence of new tariff news, geopolitical issues have returned to focus. Gold prices have broken through $3,000, while Bitcoin continues to show a negative correlation.Historically, cryptocurrency prices tend to lag behind changes in global liquidity conditions. With the possible policy shift from the Federal Reserve and a new round of stimulus measures from Europe and China, Bitcoin may welcome a new round of upward trends after this adjustment.

ChainCatcher news, according to The Block, Standard Chartered's Head of Digital Assets Research Geoff Kendrick stated that the recent decline in Bitcoin's price is primarily influenced by the pressure from broader risk assets, rather than issues within the cryptocurrency itself. "From a volatility-adjusted basis, Bitcoin's performance is highly correlated with the 'seven tech stocks plus Bitcoin' portfolio," Kendrick noted in an email on Tuesday, "Tesla performed the worst, while Meta and Apple performed the best, with the rest being similar to Bitcoin."Kendrick believes that Bitcoin's rebound will depend on two main catalysts: a recovery in risk assets overall or Bitcoin-specific positive news (such as sovereign purchases). He pointed out that clearer tariff policies or a rapid rate cut by the Federal Reserve would help boost the market, "the probability of a rate cut in the May meeting rising from the current 50% to 75% could trigger a rebound." Although Bitcoin may quickly test the $69,000 support level if it falls below $76,500 in the short term, he still maintains a target forecast of $200,000 by the end of 2025.Next week's Federal Reserve interest rate decision will be a significant test for Bitcoin. Rohit Jain, Managing Director of CoinDCX Ventures, stated that if the Federal Reserve maintains the current interest rates as expected, it could lead to Bitcoin testing the $70,000 support level.

ChainCatcher news, Matrixport's latest report analysis believes that the White House crypto summit and the confirmation of the U.S. strategic Bitcoin reserves failed to ignite market sentiment, and the crypto market did not show a significant increase, with perpetual contract funding rates still hovering at single-digit levels.This indicates that retail investors' enthusiasm remains low, in stark contrast to April and December 2024, when funding rates soared to double-digit highs.Even the market momentum brought by Trump's official inauguration is relatively subdued, clearly indicating that Bitcoin needs more influential catalysts to usher in a new round of increases.

ChainCatcher news, according to IBTimes, the founder of game studio Dizzaract, Ilman Shazhaev, stated in an interview that DeepSeek's low-cost AI development approach is "encouraging" and could become an important catalyst for blockchain development. He pointed out, "If high-performance AI models can be obtained at low cost, more decentralized systems will be able to utilize them at various levels."Shazhaev believes that DeepSeek's open weight design and two-stage reinforcement learning training method signify a true shift in AI development philosophy. He predicts that this model will have a significant impact on blockchain gaming, particularly in promoting smarter in-game economies.Although OpenAI CEO Sam Altman has accused DeepSeek of secretly using data from American AI giants to train its AI assistant, Shazhaev believes that a shift is occurring, especially among developers in the field of cryptocurrency and AI integration. He stated that budget constraints have always been a barrier in blockchain development, making models like the DeepSeek chatbot an attractive option.The AI model launched by DeepSeek in January of this year caused a stir in the tech industry, leading to a decline in related tech stocks and AI token prices. U.S. President Trump subsequently issued a statement calling for American tech companies to "wake up" and learn from this AI technology that does not require billions of dollars in development costs.

ChainCatcher news, according to Jinshi reports, Nic Puckrin, the founder of The Coin Bureau, stated that current investor sentiment may have dropped to levels similar to or lower than those during the FTX collapse, with new meme coins and celebrity hype emerging daily.Puckrin added that the profits from these trades rarely flow back into the crypto space. "These funds are not being used to develop innovative products that help solve real-world problems, which is exactly what we all believe crypto and blockchain can do." He estimates that $6 billion in crypto liquidity has already been lost from the ecosystem due to meme coins.Meme coin trader Vic Laranja stated that meme coins are no longer about community, fairness, or opposing venture capitalists, but have evolved into an industrial complex aimed at extracting as much value as quickly as possible, which was not their original intent. Laranja mentioned that clear rules would be a catalyst for pushing the crypto space to the next level. Before that, he believes sentiment has already reached a trough.

ChainCatcher news, crypto analyst Miles Deutscher pointed out that since the election frenzy, the inflow of funds into Bitcoin and Ethereum ETFs has noticeably slowed down. As the market is forward-looking, most ETF buyers have already positioned themselves for the potential benefits that a Trump presidency could bring. With this demand being pre-absorbed, the market is now waiting for the next catalyst that could drive prices up.