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 saw a slight increase. According to Coinglass data, the 24-hour liquidation of global uncleared contracts reached $220 million, with short liquidations of $142 million.
The global macroeconomic landscape is complex under the dual influence of the Federal Reserve's policy and Trump's tariff measures, with US stocks and the crypto market both under pressure. Fed Chair Powell recently stated that market expectations of the Fed intervening to calm volatility might be wrong. When asked if the Fed would intervene to address severe stock market declines, Powell said: "My answer is no, but I will explain." Under Powell's hawkish remarks, Trump continues to pressure for rate cuts, with the timing still uncertain.
Regarding tariffs, Wall Street reported that Trump hinted last week during an interview that the tit-for-tat tariff increases between the US and China might be coming to an end. Trump said at the White House: "I don't want tariffs to continue rising because at a certain point, people won't buy."
However, given the uncertain final outcome, macro market sentiment has not been significantly repaired. Today, spot gold has refreshed its historical high to $3,364 per ounce, and the crypto market continues to fluctuate, entering a boring period.
How will the market unfold in the future? Some institutional experts have offered their views.
Placeholder Partner: Bitcoin Will Set a New High This Year
Placeholder partner Chris Burniske tweeted that he predicts the market might experience a few more quarters of growth, after which everyone will become bearish again. He reminds investors to take profits appropriately when market sentiment is high. In a reply to comments, Chris Burniske stated that Bitcoin will set a new high this year.
Matrixport: Bitcoin Needs Multiple Catalysts for Sustained Growth
Matrixport recently released a summary report stating that for Bitcoin to achieve sustained growth, possible catalysts include:
(1) The Fed releasing dovish signals or cutting rates;
(2) Micro-level liquidity growth, such as stablecoin growth and increased futures leverage;
(3) Macro-level liquidity growth, such as increased money supply or government stimulus measures.
Significant Altcoin upward movement requires actual application scenario-driven demand growth or liquidity surge. However, according to tracking indicators, the possibility of significant liquidity inflow into the crypto market is low.
Real Vision Founder: Bitcoin Will Follow M2 Growth
The founder of Real Vision recently released a diagram of Bitcoin price and global M2 liquidity, stating that Bitcoin will also rise following the M2 trend.
Trader: Focus on $88,000 Mark
Trader Saint Pump tweeted that Bitcoin shorts were squeezed in this rally, and the focus is now on the $88,000 mark.
10x Research Research Head: Bitcoin May Be Entering a Long-Term Consolidation Period
10x Research research head Markus Thielen believes Bitcoin may be entering a long-term consolidation period. In a recent market report, Markus warned that despite many analysts predicting a historical high by mid-year, short-term technical signals paint a more cautious picture. Markus pointed out that the Bitcoin random oscillator - a technical indicator measuring momentum - suggests market characteristics more consistent with a late-cycle top rather than the beginning of a new bull market.
Santiment: Bitcoin Whales Continue to Accumulate
Data released by Santiment shows that wallets holding 10 to 10,000 Bitcoins, as key stakeholders, currently hold 67.77% of this market-leading asset. During the market volatility in April, these wallets continued to accumulate, buying over 53,600 Bitcoins since March 22.
Coinbase Research Head: Market May Bottom in Late Q2 2025
Coinbase research head David Duong predicted in a recent monthly report that the market might bottom out in the late second quarter of 2025, creating conditions for a Q3 recovery. Currently, he advises investors to maintain a defensive stance towards risk assets.
Bitwise Chief Investment Officer: Optimistic About Q2 Market Rebound
Bitwise Chief Investment Officer Matt Hougan called Q1 the "best worst quarter in crypto history" and pointed out several factors that might drive a Q2 market rebound: increased global money supply, improved US regulatory environment, and stablecoin asset management scale reaching a historical high
