According to ChainCatcher news, monitored by Lookonchain, an investor reversed a loss of $270,000 (-70%) by betting on VINE, achieving an unrealized profit of over $4.5 million. Initially, he purchased 1 million VINE with 20 SOL but sold it for 23 SOL before the price surged, missing out on the rally. He then chose to buy back VINE and continuously increased his position as the price dropped, accumulating a total investment of 1,463 SOL (approximately $374,000) to acquire 26.6 million VINE, at one point facing a floating loss of $270,000.As the price of VINE increased, this batch of tokens is now worth nearly $5 million, and the investor has realized significant profits, with unrealized profits exceeding $4.5 million.

ChainCatcher news, according to CoinDesk, renowned crypto analyst Omkar Godbolev published an analysis stating that the price chart of SOL shows a "bullish return" pattern. According to technical analysis theory, this pattern is seen as a low-risk opportunity for trend breakout traders. The price of SOL surged over 7% this week to $193, rebounding from a previous resistance level identified by a trendline connecting the highs of March and July, which has now turned into support. This line, along with the line connecting the lows of April and August, defines a large descending channel that includes long-term fluctuations from March to October. The price of SOL broke out of this channel in early November, confirming the bullish inclination. SOL quickly climbed above $260, then retraced to the breakout point last week, which technical analysts refer to as a bullish "return pattern."Technical analysis masters Charles D. Kirkpatrick II and Julie R. Dahlquist stated in their book Technical Analysis: The Complete Resource for Financial Market Technicians: "A pullback occurs when the price breaks upward and then 'retracts' to its breakout level. Retracements are excellent levels to participate in an upward trend. Their timing and distance are often short, but they typically provide a second, lower-risk entry opportunity for breakout traders." Breakout traders look for assets that struggle to surpass specific levels. When the price finally breaks through, these traders enter the market, anticipating significant volatility in the direction of the breakout. Trading breakouts requires constant market monitoring and careful assessment of price and volume trends. Traders who miss the initial breakout often hope to enter during a successful retracement, just like SOL. These entry points are usually considered lower risk because potential exit points or stop-losses can be set just below the breakout point.Prospect theory suggests that people tend to avoid risk when realizing gains. In other words, when potential profits arise, traders often take those gains rather than letting winning trades continue. This trend explains why the first pullback after a breakout does not last long and prices typically retreat to the breakout point. This is because traders who entered with the breakout quickly take profits during the subsequent rise. Traders who missed the first breakout may view the retracement as a second entry opportunity. They go long at the breakout point, ensuring that the support level holds. This explains the rebound of SOL from a key level. If SOL continues to rise, those who took profits shortly after the initial breakout may regret doing so and buy new long positions, further enhancing the bullish momentum, and this is how trends develop. In the second half of 2023, a similar return pattern played out perfectly in Bitcoin, laying the groundwork for a massive bull market. Note that if the price of SOL fails to rebound, the bullish retracement pattern will fail, allowing for a pullback back into the channel.

ChainCatcher news, according to Bloomberg, Bitcoin has set the longest streak of declines since Trump won the U.S. election. As of Monday, Bitcoin has fallen about 6% for three consecutive days.Since the election day on November 5, the total market capitalization of the cryptocurrency market has increased by $1 trillion, but the momentum has currently stalled. IG Australia analyst Tony Sycamore believes that this pullback is mainly to eliminate overbought conditions and not a trend reversal.Independent Reserve CEO Adrian Przelozny stated that the current bullish sentiment is expected to last until 2025. TD Cowen analyst Jaret Seiberg pointed out that Trump will gain control over the U.S. SEC after taking office, which will be beneficial for easing cryptocurrency regulations.

ChainCatcher news, cryptocurrency research institution 10x Research has released its latest market analysis report, indicating that Bitcoin prices have rebounded as expected in its Monday market update, following a sharp decline last week. Currently, Bitcoin prices are up 6%, reaching $57,600, close to the previously predicted target of $58,000. 10x Research emphasizes that trading Bitcoin has become more challenging in the current environment lacking a clear bull market. On-chain analysis shows that the bull market cycle has shortened, but there are still opportunities for disciplined traders who can accurately predict macro events and adapt to the ever-changing Bitcoin market structure.The institution states that this rebound prediction is based on three key factors: extreme bearish sentiment, the recovery of reversal indicators, and upcoming tactical catalysts. Among these, two of the three reversal indicators have recovered from severely oversold levels, suggesting the possibility of a short-term rebound and counter-trend rally. Meanwhile, 10x Research believes that these upcoming catalytic events may force bearish traders to close their positions, while other traders may establish new bullish positions before and after these events.

ChainCatcher news, Deribit Asia Pacific Business Head Lin Jie stated on social media that there was a net outflow of BTC spot ETF for five consecutive days last week, with a total net outflow of 544 million USD. This data can be continuously monitored, and once a trend reversal leads to net inflows, it should be the time to buy call options and sell put options.

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that interest rate cuts seem to be a long way off, and some economies are even beginning to explore further rate hikes. The current tight market liquidity situation is expected to persist. There are no significant events in the crypto space that could impact the market, but the FTX claims and several hearings are worth paying attention to. The cryptocurrency market has been relatively weak recently, especially the altcoins represented by ETH.The entire cryptocurrency market has experienced a V-shaped reversal for two consecutive weeks, with volatility significantly decreasing. Dvol has rebounded, and the current short- to medium-term IV has dropped to around 50%, significantly below the average level.Key events this week:5/14 TuesdayFederal Reserve Chairman Powell and ECB Governing Council member Knot will jointly attend a meetingOpenAI press conferenceJudicial results of Tornado Cash developer and Samourai Wallet co-founder5/15 WednesdayU.S. April CPIU.S. April retail sales dataFTX opens claims window5/16 ThursdayFederal Reserve Governor Bowman speaksU.S. initial jobless claims for the week5/17 FridaySeveral FOMC voting members speak

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that there are fewer important macro events and cryptocurrency-related events this week. Last week was a week full of news, and cryptocurrencies indeed experienced significant fluctuations. The characteristic of cryptocurrencies being influenced by various news remains evident. This week there are several macro-related messages, but the impact is limited. Unless something unexpected happens, the Federal Reserve is likely to maintain the current interest rates for the next few months.The entire cryptocurrency market saw a V-shaped reversal last week, with April becoming the month with the deepest correction in the past year. Dvol has rebounded, and currently, the medium to short-term IV is stabilizing around 55%, which aligns with our judgment from last week. The IV of major term options will gradually move towards a stable state of 55%-60%. In the short term, one can choose terms and prices with lower IV to continue purchasing options, which offers a high cost-performance ratio.In the cryptocurrency interest rate market, Bitfinex spot whales have begun to consistently bottom-fish, and the green leaf interest rate market often encounters orders with annualized rates of 20%. When encountering suitable interest rate orders, one can actively trade, and using high-interest models may yield surprises.

ChainCatcher news, cryptocurrency research firm 10x Research analyzes that the Depository Trust & Clearing Corporation (DTCC) recently announced that starting from April 30, it will no longer provide any collateral value for ETFs or other investment instruments that include Bitcoin or other cryptocurrencies as underlying investment assets. Related assets will be considered 100% written down, meaning that market makers will need to provide more margin.10x Research points out that the price of Bitcoin is making lower highs, and a new downtrend seems to be forming. In this context, the DTCC's statement could have significant implications. On April 4, 10x Research analyzed a "self-reinforcing Bitcoin mechanism" framework, suggesting that there is a risk of ETF fund inflows reversing to some extent.