Odaily星球日报讯 10x Research 发布报告表示，过去一个月，比特币在 ETF 资金持续流入和机构现货买盘推动下上涨了 25%。但一些新出现的信号——如 Coinbase 溢价回落、资金费率疲软——表明这波上涨动能可能正在减弱。尽管从期权偏斜来看，比特币仍具备一定上行空间，但宏观层面的压力正在积聚：美联储仍保持中性立场（即将召开会议）、波动性正缓慢回升，同时关税相关的不确定性依然存在。目前市场在 95,000 美元附近出现潜在盘整迹象，交易者正等待新的催化因素。当前并非盲目冒险的时机，而是应采取战术性布局，并设定明确的风险敞口。

Odaily星球日报讯 10x Research 发布报告表示，过去一个月，比特币在 ETF 资金持续流入和机构现货买盘推动下上涨了 25%。但一些新出现的信号——如 Coinbase 溢价回落、资金费率疲软——表明这波上涨动能可能正在减弱。尽管从期权偏斜来看，比特币仍具备一定上行空间，但宏观层面的压力正在积聚：美联储仍保持中性立场（即将召开会议）、波动性正缓慢回升，同时关税相关的不确定性依然存在。目前市场在 95,000 美元附近出现潜在盘整迹象，交易者正等待新的催化因素。当前并非盲目冒险的时机，而是应采取战术性布局，并设定明确的风险敞口。

10x Research：比特币上涨动能可能正在减弱，交易员等待新催化剂

<Odaily> Planet Daily News: 10x Research released a report indicating that over the past month, Bitcoin rose by 25% driven by continuous ETF fund inflows and institutional spot buying. However, some emerging signals - such as Coinbase premium decline and softening funding rates - suggest that this rally's momentum may be weakening. Although Bitcoin still has some upward potential from an options skew perspective, macroeconomic pressures are accumulating: the Federal Reserve maintains a neutral stance (with an upcoming meeting), volatility is slowly rising, and trade-related uncertainties persist. Currently, the market shows potential consolidation signs around $95,000, with traders awaiting new catalytic factors. This is not a time for blind risk-taking, but rather for tactical positioning with clear risk exposure.

10x Research: Bitcoin's upward momentum may be fading, traders await new catalysts

<BlockBeats> May 4th, BiyaPay Analyst: Bitcoin May Achieve Historic Breakthrough in May, Challenging, Challenging $100,000 Key Resistance Level. Core Factors Driving This Market Include Massive Institutional Fund Inflows to ETF, Halving Cycle Effect, and Macro Economic Safe-Haven Demand.

From April 20th to 26th, Bitcoin Spot ETF Net Inflows Reached $3.1 Billion, Creating a Single-Week Record. BlackRock's IBIT Fund Size Has Surpassed Its Gold ETF, Becoming the Primary Channel for Traditional Capital Entry. Standard Chartered Bank Noted That Bitcoin Is Replacing Gold as a New Safe-Haven Option, with ETF Fund Suction Effect Significantly Forming an "Institutional Bottom, Retail Follow-Up" Pattern.

Historical Data Shows Bitcoin Typically Experiences Explosive Growth 12-18 Months After Halving. After 2020 Halving, Price Rose 536%. Analysts Predict This Cycle's Peak May In May 2025, with Target Price of $156,000. If Breaking $100,000 in May, It May Trigger Accelerated Market FOMO Sentiment.

Additionally, Weak Dollar and US Treasury Risks Also Boost Bitcoin Safe Safe-Haven Demand. Derivatives Market Shows Divergence, with Rate Becoming Cautious, But Two-Premiumiums Rose to . Micro Strategy Purchased 15,000 Bitcoins This Week at Price of $92,700, Highlighting Long-Term Confidence.

ologically,: Technical StrengthBitcoin's Correlation with S&S&P P  500 Dropped to 29%, Strengthening "" Attribute. If ETF Fund Inflows Continue, It May Accumulate Energy for Breakthrough. If ETF FundsFlow Outward, Market Resilience Will Be. tested Recommend Investors Focus on On-and Chain Data And Movements, Institutions Avoiding High-Leverage Chasing. Currently, Market Is Waiting for May's Key Window With, dual Institutionales and Cycle Momentum May Reshape Crypto Asset Valuation System.





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BiyaPay analyst: Multiple factors resonate, Bitcoin may hit a record high in May, with a market value of 2 trillion

<Odaily> Odaily Planet News: QCP Capital released a market analysis indicating that the macroeconomic data published last Friday provided a nuanced snapshot of the US economy, with non-farm employment increasing by 177,000, exceeding the expected 133,000, and the unemployment rate remaining stable at 4.2%. However, behind the strong data, economists continue to warn that the full economic impact of recent tariff increases has not yet been revealed, and the market maintains a cautiously optimistic attitude. Meanwhile, the market generally expects the Federal Reserve to maintain interest rates unchanged at this week's policy meeting. Despite recording a historic first-quarter loss, Strategy has doubled its financing target to $8.4 billion, with the loss attributed to the adoption of new digital asset mark-to-market accounting standards, highlighting the company's firm belief in its long-term Bitcoin strategy. Simultaneously, the steady inflows of spot Bitcoin ETFs indicate ongoing institutional demand and reinforce the asset's growing role in diversified investment portfolios.

QCP: Macroeconomic data reflects resilience, and stable inflows into Bitcoin ETFs indicate continued institutional demand

<Odaily>Odaily Planet News</Odaily>, CryptoQuant analyst Axel Adler Jr. posted on X, saying, "Short-term Bitcoin holders (holding for 1 to 3 months) represent the most aggressive market participants, including professional speculators trading Bitcoin through ETF brokers. In the current bull market cycle, their Net Unrealized Profit and Loss (NUPL) typically rises to over 40%, after which they begin to take profits, creating selling pressure in the spot market. Currently, this group's NUPL is 8%, and its 30-day Simple Moving Average (SMA) remains negative, staying at -2%. Before the NUPL breaks through 40%, the selling pressure from this group will remain low, which is seen as a bullish signal."