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 at $142 million.
The global macroeconomic landscape is complex under the dual influence of Federal Reserve policies and Trump administration tariff measures, with US stocks and crypto markets 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."
Regarding tariffs, Wall Street reported that Trump hinted last week 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 reached a new historical high of $3,364 per ounce, and the crypto market continues to fluctuate, entering a dull period.
How will the market unfold in the future? Some institutional experts have shared 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 advised investors to take profits appropriately when market sentiment is high. In a reply, Burniske stated that Bitcoin will set a new high this year.
Matrixport: Bitcoin Needs Multiple Catalysts for Sustained Growth
Matrixport's recent summary report suggests that possible catalysts for Bitcoin's sustained growth 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, like money supply increase or government stimulus measures.
Significant Altcoin growth requires actual application scenario demand or liquidity surge. However, tracking indicators suggest a low probability of significant liquidity inflow into the crypto market.
Real Vision Founder: Bitcoin Will Follow M2 Growth
Real Vision's founder recently released a chart showing Bitcoin price correlation with global M2 liquidity, stating that Bitcoin will also rise following the M2 trend.
Trader: Focus on $88,000 Level
Trader Saint Pump tweeted that Bitcoin shorts were squeezed in this rally, and the focus is now on the $88,000 level.
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 noted that Bitcoin's stochastic oscillator—a momentum indicator—suggests market characteristics more consistent with a late-cycle top rather than the beginning of a new bull market.
Santiment: Bitcoin Whales Continue Accumulation
Santiment's data shows that wallets holding 10 to 10,000 Bitcoins, as key stakeholders, currently hold 67.77% of this top cryptocurrency by market cap. During April's market volatility, these wallets continued accumulating, buying over 53,600 Bitcoins since March 22.
Coinbase Research Head: Market May Bottom in Mid-Late Q2 2025
Coinbase research head David Duong predicted in a recent monthly report that the market might bottom in mid-late Q2 2025, creating conditions for a Q3 recovery. Currently, he advises investors to maintain a defensive stance towards risk assets.
Bitwise CIO: Optimistic About Q2 Market Rebound
Bitwise CIO 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.
