ChainCatcher news, according to CoinDesk, although the possibility of a bottom having already formed cannot be ruled out, on-chain analyst James Check stated that the true bottom may only appear after Bitcoin experiences a real "capitulation sell-off" event.James Check indicated that this could mean Bitcoin needs to drop to around the $65,000 area, which he refers to as the "true market average," or the average cost basis of active investors. Once it falls to this level, the average investor may begin to feel the pressure of unrealized losses, and even those long-term holders who have held their coins for five years may face a "being trapped" situation. Michael Saylor's Strategy has an average Bitcoin cost basis of about $67,500.Although Check expects a significant drop from the $65,000 area, he believes there is strong support between $49,000 and $50,000. This price range represents both the launch price for Bitcoin spot ETFs in 2024 and symbolizes a critical threshold for Bitcoin's $1 trillion market cap. He stated that unless a global economic recession occurs, the likelihood of Bitcoin dropping to $40,000 is low. In 2024, Bitcoin has undergone a long period of "chopsolidation" phase—where the price has remained within a wide fluctuation range of $50,000 to $70,000 for several months, establishing a solid support foundation for the market.

ChainCatcher news, CoinDesk analyst Omkar Godbole stated that against the backdrop of the continued decline of the 50-day and 100-day simple moving averages (SMA), all of this serves as a reminder for bulls to remain cautious. If the price breaks below the hourly support level of $83,000, it will confirm the development of a bearish trend, potentially triggering a pullback targeting the recent low of around $75,000.Meanwhile, if the daily closing price (UTC) can stay above $86,000, it may indicate the continuation of the rebound trend.

ChainCatcher news, Coinbase Research released an analysis report indicating that due to the escalation of global tariffs and macroeconomic uncertainties, the crypto market may have entered a new round of "crypto winter." Currently, the total market capitalization excluding BTC is $950 billion, down 41% from the peak in December 2024, and 17% lower than the same period last year. The report notes that major assets, including the COIN50 index and BTC, have all fallen below the 200-day moving average, indicating that the overall market is in a downward trend.Although crypto financing slightly rebounded in the first quarter of 2025, it is still down about 50%-60% compared to the peak of the 2021-22 cycle, limiting the entry of new capital, especially significantly impacting Altcoins. Coinbase stated that if market sentiment clears, a turnaround may be expected by mid-year, but a defensive strategy still needs to be maintained in the short term.

ChainCatcher message, according to SoSoValue data, the cryptocurrency market is generally down. Bitcoin (BTC) has dropped 1.66% in the last 24 hours, falling below $84,000. Ethereum (ETH) is down 2.18%, briefly dipping below the $1,600 mark. Additionally, the RWA sector is down 0.13%. Within this sector, the native token OM of MANTRA has seen a recovery after two consecutive days of decline, rising 23.88% in 24 hours.In other sectors, the CeFi sector is down 0.99% in the last 24 hours, with Mantle (MNT) relatively strong, increasing by 1.29%; the Layer2 sector is down 1.21%, where Starknet (STRK) and Aergo (AERGO) have risen against the trend by 4.92% and 22.54%, respectively; the PayFi sector is down 1.90%, while Telcoin (TEL) and Monero (XMR) have increased by 1.50% and 2.91%, respectively; the DeFi sector is down 2.11%, but Sky (SKY) surged 3.89% during the session; the Layer1 sector is down 2.32%, and the Meme sector is down 3.18%.Meanwhile, the cryptocurrency sector indices reflecting historical performance show that the ssiDePIN, ssiAI, and ssiMeme indices have dropped 4.42%, 4.24%, and 2.90% in the last 24 hours, respectively. However, the weekly return rates for the ssiDePIN and ssiAI indices are 2.29% and 4.77%, respectively.

ChainCatcher news reports that, according to 4E monitoring, the deadlock in US-EU trade negotiations has led to cautious investor sentiment, causing US stocks to fail to continue their rebound on Tuesday, with all three major indices slightly declining, although volatility has noticeably eased compared to recent times. By the close, the Nasdaq fell 0.05%, the S&P 500 dropped 0.17%, and the Dow Jones decreased by 0.39%. Tech stocks showed mixed performance, with the seven giants index down about 0.4%.Cryptocurrencies weakened across the board, with Bitcoin dropping from $86,496 last night to $83,670 before this report, a nearly 2% decline in 24 hours; Ethereum fell 2.2% below $1,600. The altcoin market generally declined, with the Meme and AI sectors leading the drop.Despite the recent volatility in financial markets, Bitcoin has remained stable above $80,000, demonstrating strong resilience.In the forex commodities sector, the US dollar index's downward trend has slowed, rising 0.59% back above the 100 mark; oil prices remained basically unchanged from the previous day; trade uncertainties have favored safe-haven assets, with London gold surging 1.32% to $3,272, up over 23% year-to-date.The shadow of the trade war continues to loom over the market, with the uncertainty surrounding Trump's tariff policies exacerbating concerns about a global economic slowdown, and the deadlock in US-EU negotiations further increasing market uncertainty. The US stock earnings season has begun, with several large companies set to announce their earnings this week, which may intensify market volatility.

ChainCatcher news, crypto analyst Eugene stated that due to the shift in price drivers from industry-specific to macroeconomic factors, his market judgments over the past month have not been effective. He once believed he had a keen insight into market trends, but recently feels he has deviated. Since March, his trading volume has decreased by 60-70% compared to the average, essentially breaking even. Eugene plans to continue maintaining low trading volume and tight stop-losses until market trends become favorable for him again. He emphasized that the macro trend of the crypto market remains unchanged and is still in a bear market. He tends to look for shorting opportunities in non-BTC altcoins during bear market rallies, as these coins have not yet reached deep value ranges.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market is experiencing a weak rebound, with the SocialFi sector rising 2.39% in the last 24 hours. Among them, Toncoin (TON) and Galxe (GAL) increased by 3.05% and 3.08%, respectively. Additionally, the RWA sector fell by 3.59%, and within this sector, due to the ongoing MANTRA incident, its native token OM dropped another 32.74% in 24 hours.Meanwhile, the crypto sector index reflecting the historical performance of the sectors shows that the ssiSocialFi index rose by 2.20% in the last 24 hours, while the ssiRWA index fell by 4.04%.In other sectors, the NFT sector rose by 1.36% in 24 hours, with Moca Coin (MOCA) and Animecoin (ANIME) increasing by 6.34% and 29.33%, respectively; the AI sector rose by 0.28%, with Render (RENDER) increasing by 3.80%; the CeFi sector rose by 0.15%, with Hyperliquid (HYPE) increasing by 3.54%; the PayFi sector rose by 0.10%, with Monero (XMR) increasing by 3.87%; the Layer1 sector fell by 0.08%, the Layer2 sector fell by 0.68%, the DeFi sector fell by 0.71%, and the Meme sector fell by 2.07%, but Fartcoin (FARTCOIN) rose against the trend by 6.82%.

ChainCatcher news reports that, according to 4E monitoring, the U.S. government has temporarily suspended tariffs on electronic products, boosting market sentiment. However, Trump stated that there are no "exemptions" from tariffs, and related products have merely been shifted to another tariff category. This erratic policy signal has led to fluctuations in market sentiment. The U.S. stock market opened higher on Monday but closed lower, with all three major indices briefly turning negative during the day, but ultimately ended up collectively. By the close, the Dow Jones rose 0.78%, the S&P 500 index rose 0.79%, and the Nasdaq rose 0.64%. The index of the seven tech giants closed up 0.18%.The cryptocurrency market followed the U.S. stock market with a moderate rise, with Bitcoin fluctuating around $85,000. Strategy announced last week that it purchased 3,459 Bitcoins for $286 million (average price of $82,618), which somewhat boosted market sentiment. At the time of writing, Bitcoin was priced at $85,031, up 1.12% in 24 hours. Altcoins showed mixed performance, with gains and losses alternating, resulting in structural volatility in the market as investors sought a balance between optimism and caution.In the forex market, the U.S. dollar index fell over 0.4%, trading below the psychological level of 100 points; oil prices fluctuated due to weakened demand expectations, ultimately rising slightly; spot gold spent most of the day in a downward trend, falling 0.83% after hitting a historical intraday high for three consecutive days.Trump's fluctuating tariff policy keeps the market on alert. On Monday, Trump was "quiet" for a day; for the current market, no news from Trump is good news. Investors are concerned that without clear flexibility and progress in negotiations, the market may face further volatility in the short term. Investors are looking forward to a clearer stance from the White House on tariff issues in the coming weeks to reduce uncertainty in global supply chains and the economy.

ChainCatcher news, Arthur, the founder and chief investment officer of DeFiance Capital, stated on the X platform that the biggest problem currently plaguing the liquidity cryptocurrency market is how projects and market makers collaborate to create artificially sustained prices, a process that is completely opaque. You cannot determine whether the prices are driven by real supply and demand or simply manipulated by collusion between projects and market makers to achieve other goals.It is astonishing that centralized exchanges (CEX) are completely ignoring this, while the altcoin market is increasingly becoming a confidence-lacking "lemon market." Not to mention that the pricing of most token generation events (TGE) this year has been a joke, with tokens dropping 70% to 90% within months of listing, causing significant losses for anyone who bought in. If major players in the industry do not step up to improve this situation, then for the foreseeable future, most of the market will remain unattractive to investors.

ChainCatcher news, according to official social media announcements, Huobi HTX's new column "Huoban 1+1" will be held today at 20:00 (UTC +8) via Huobi HTX Twitter Space. At that time, prominent figures such as Big Brother, MIC Qie Ge Coin Fu, Chloe Data Alchemist, DaDa, and other crypto KOLs will be invited to discuss the theme "Can Trump's Market Spark New Opportunities? Exclusive Insights from Hong Kong!" They will explore the profound impact of Trump's tariff policies on the crypto market and share the latest observations and trend insights during the Hong Kong Web3 Carnival. Additionally, this column will also be broadcast live on Huobi, so stay tuned.Users can make a reservation for the live broadcast through the source link.

ChainCatcher news, QCP released its daily market observation stating that after a week of tariff edge policies, risk assets have begun to stabilize, breaking free from barriers that could have dealt a heavy blow to Sino-U.S. trade. The U.S. has imposed tariffs as high as 145% on Chinese imports, while China retaliated with tariffs of 125%, escalating to a level where the market is no longer surprised by further intensification. The enormous scale of these tariffs makes them more symbolic than market-driven factors, contrasting sharply with the panic triggered in the early days of "Liberation Day."After Friday's close, the Trump administration quietly exempted the latest tariffs on smartphones, computers, and chips. Despite the ongoing stalemate, risk assets are pricing in optimistic sentiment, even as the U.S. seems to be negotiating not only with China but also with the bond market and itself.In the crypto market, Bitcoin's risk reversal remains biased towards bearish options until June, indicating that the market still appears somewhat cautious in the short term. However, long-term sentiment is becoming more positive. On Saturday, we observed aggressive buying of 800 contracts of BTC-27MAR26-100k-C. Bitcoin continues to consolidate in the $80,000 to $90,000 range, possibly continuing to trade sideways while adopting a "wait and see" strategy regarding the tariff situation.

ChainCatcher news, according to Cointelegraph, Greg Cipolaro, the global research director of the New York Digital Investment Group (NYDIG), pointed out in a report on April 11 that despite the global tariff policy implemented by Trump causing market panic, the cryptocurrency market remains relatively stable. He mentioned that the perpetual futures rates for cryptocurrencies have consistently been positive, and while the liquidation volume surged after Trump's tariff announcement, the total amount was not high, and Bitcoin's performance far outpaced other assets, with volatility not rising to historical highs.Greg Cipolaro believes that investors may increasingly prefer to seek stores of value that are unaffected by trade turmoil. The narrowing gap in Bitcoin's volatility compared to other assets makes it more attractive to risk parity strategy funds. He analyzed that investors may be reducing their risk exposure, and allocating part of their assets to Bitcoin could be one reason for its robust performance. Additionally, the allocation of Bitcoin by risk parity funds helps to reduce volatility, enhance asset attractiveness, and create a virtuous cycle.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has experienced a widespread decline. Notably, the native token of MANTRA, OM, has plummeted by 85.56%, leading to a 24-hour drop of 44.93% in the RWA sector. The official response from MANTRA stated that the decline was caused by "disorderly liquidation" rather than the actions of the project team. Meanwhile, the cryptocurrency sector index reflecting the historical market performance shows that the ssiRWA index has dropped by 48.90% in the last 24 hours.Additionally, Bitcoin (BTC) has decreased by 1.41% in the last 24 hours, briefly falling below $84,000. Ethereum (ETH) is down by 0.25%, but remains above $1,600.In other sectors, the PayFi sector has dropped by 1.12% in the last 24 hours, while Bitcoin Cash (BCH) and Litecoin (LTC) have risen by 6.18% and 2.12%, respectively. The Layer1 sector has decreased by 1.47%, with TRON (TRX) rising against the trend by 4.18%. The CeFi sector has fallen by 1.65%, and the Meme sector has dropped by 1.82%, although Pepe (PEPE) has shown resilience, increasing by 3.39% in 24 hours. The Layer2 sector has decreased by 2.92%, and the DeFi sector has fallen by 3.05%, but Uniswap (UNI) and Sky (SKY) have risen by 2.20% and 2.54%, respectively.

ChainCatcher news, according to CoinDesk, JPMorgan CEO Jamie Dimon stated that he is preparing to deal with the turmoil in the nearly $30 trillion U.S. Treasury market, while the Federal Reserve will only take action when they start to feel a bit panicked. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors, from mortgage rates to corporate bond yields.Jamie Dimon warned that if the financial system were to become paralyzed again, the consequences could ripple through the entire economy. Turmoil in the U.S. Treasury market leading to Federal Reserve intervention may prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability—similar to the situation in 2020 when the Federal Reserve took aggressive stimulus measures, causing Bitcoin prices to soar.