Matrixport Market Observation: Traditional capital inflows are strong, and BTC is optimistic in the medium and long term

This article is machine translated
Show original

Last week (April 22 to April 28), BTC strongly decoupled from US stocks, welcoming the largest weekly gain since Trump's election. BTC spot ETF inflows warmed up, with data showing net inflows of $381 million and $913 million on the 21st and 22nd, driving BTC prices to continue climbing and reaching a recent high of $95,758.04, with the largest weekly increase of 9.97%, currently stabilizing around $94,858. ETH price bottomed at $1,537.26 on the at : AM before rebounding, oscillating upward to to $1,857.47, with largest 20.8%. Subsequently, prices consolidated, forming a strong support around $1,700, and currently stabilizing near $1,819. (Data source:ance Binance Spot, April 29, 16:35)

Market Interpretation

Crypto Market Trend Reversal Signal, Short-term Opportunity Emerges<><>

On April 22, Trump publicly stated that US import tariffs are too high and to reduce them.. As soon as the, news came out, market risk aversion sentiment weakened, and volatdecreased.. CME rate futures data shows the market expects the Federal Reserve will start cutting June, three rate the potentially bringing more liquidity.

<>TC has performed better than US stocks since mid-March certain safe-haven attributes. early April's RSI and MACD showed bottom divergence, with sentiment indicators reaching extreme fear. Currently, MACD has broken through the axis, with market trend shifting from bearish to bullish.

BTC Decouples from US Stocks, Safe-haven Attributes Gain Market Recognition

According to CryptoQuant analyst Timo Oinonen's report, BTC's correlation with US stocks with S&P 500 and Nasdaqaq are continuously weakening. Over theTC past seven days, BTC has significantly decoupled from S&P 500 and Nasdaq Composite. According to Ccryptorypdata's&500dropped from .88 at the end of 2024 to 0.77, and correlation with Nasdaq dropped from 0.91 in January 2025 to 0.83.

<3More Information<>week, and macro data and major tech stock earnings will jointly dominate market sentiment. economic slowdown signs and earnings performance expectations may increase market volat>

On the data front, US non-farm employment report will be released on Friday, with US and European latest GDP data. The Federal Reserve enters the silent period before the May 7 monetary policy meeting, and comprehensive data impact market rate cut expectations.

After gold outperformed Mag-7 as the best-performing asset recently, Mag-7 earnings reports become key indicators for assevaluating large tech stocks future potential. Over half of Mag-7 members (Microsoft, Meta, Amazon, Apple) will announce earnings, though market has significantly lowered EPS expectations and maintains cautious attitude towards economic growth.

Trump Dinner News Triggers TRUMP 40% Surge, Price Rebounds

On April 23, Trump's official MEME token officially announced a on May 22 a golf club Washington inviting 220 token holders. The news triggered a 40% price surge from $9.3 to $16. However, after details revealed Trump might not, market sentiment weakened, and token price fell, suspected of project team's price manipulation.

The dinner announcement revealed top 25 token get reception and House visit, encouraging investors to increase holdings before May 12 to improve ranking. The news attracted attracted short-term market attention but also increased volatvolatility, requiring investor caution.

Stablecoin Market Expected to Grow to $500-750 Billion

JPMorgan suggests stablecoin market may grow to $500-750 billion in coming years. Q1 2025 data shows stablecoin market reached $218 billion, 13% % year-on-year- 2024 ablon-chain transaction volume reached $5.6 trillion monthly transactions exceexceeding $700 billion in 2025, surpassing Visa's scale.

USDT anddc dominate the market. Supported by EU MiCA regulations and Dubai DIFC, stablecoins occupy core position--trading. US Treasury Secretary proposed reviewing blockchain and ststablecoin regulatory barriers. Yield-bearing stablecoinss (Yrising, expected to occupy 20-30% of stablecoin market in downturn, with regulatory environment improvements supporting global financial system integration.

,保留且不要�>的其他部分一定要全部翻译成英语。 TRON 区块链上数据显示,过去 24 小时内,TRON 网络的活跃地址数达到 1,288,888 个,环比增长 2.5%。%ron的交易量为 $5.68 亿,较前一日增长 3.1%。与此同时,TRON 网络的日手续费收入为 $1,,288,888,较前一日增长 2.%。 。

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments