rebound

QCP stated that BTC rebounded from an overnight low near $75,000 to around $78,000, but this rise seems more like a correction after a calming of risk sentiment rather than a new phase for the market.The report pointed out that Trump's unilateral extension of the ceasefire with Iran has reduced expectations for short-term escalation of conflict, but the Strait of Hormuz remains largely closed, and Iran's position is still unclear. Meanwhile, oil prices remain around $100 per barrel, creating a coexistence of inflationary pressure and slowing growth. QCP also noted that BTC's open interest has significantly rebounded, and the funding rate remains negative, indicating that shorts are still increasing their positions during the rise; the options market overall is still pricing for volatility rather than a continuation of trends.

Liquid Capital founder Yi Lihua stated that the current rebound in the crypto market continues, but overall performance appears weak compared to the S&P index reaching new highs and MicroStrategy's ongoing purchases, showing characteristics of a rebound in a bear market.He pointed out that MicroStrategy continues to buy Bitcoin through aggressive financing methods, which may be effective in the short term, but could face uncertainty in the medium term as macro financial risks increase. At the same time, he believes there is no need for the market to be pessimistic, as opportunities often arise during bear market phases.

According to Jinshi reports, U.S. President Trump stated in an interview that he was surprised by the rebound of the stock market during the Iran war, as he originally thought the Dow Jones index would drop by 20%.

According to SoSoValue data, the cryptocurrency market sector has seen a slight rebound, with the NFT sector performing outstandingly, leading with a 3.8% increase in 24 hours, among which Blur (BLUR) rose by 13.35% and Pudgy Penguins (PENGU) rose by 7.5%. At the same time, Bitcoin (BTC) increased by 1.73%, returning above $76,000; Ethereum (ETH) rose by 1.28%, breaking through $2,300.It is worth noting that MAG7.ssi rose by 1.75%, DEFI.ssi rose by 0.54%, and MEME.ssi rose by 2.15%. In other sectors, the SocialFi sector increased by 5.63% in 24 hours, with Toncoin (TON) and Chiliz (CHZ) rising by 5.62% and 12.54% respectively; the Meme sector rose by 1.66%, with Binance Life increasing by 10.37%; the Layer2 sector rose by 1.53%, with ImmutableX (IMX) rising by 7.38%; the PayFi sector rose by 1.42%, with Safe (SAFE) rising by 7.91%; the CeFi sector rose by 1.39%, with Gate (GT) rising by 2.79%; the Layer1 sector rose by 1.16%, with Canton Network (CC) rising by 5.06%; the DeFi sector rose by 0.4%, with Curve DAO (CRV) rising by 4.1%.The cryptocurrency sector indices reflecting the historical market performance show that the ssiSocialFi, ssiNFT, and ssiRWA indices rose by 6.3%, 4.23%, and 3.24% respectively.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated that recently the focus has been on rebounds rather than reversals, so the key is where the rebound will go. It was originally expected to reach $85,000, but no one can pinpoint it accurately. The important thing is to take profits based on one's own expectations and risk control.From a trading and cyclical perspective, there may still be one major correction, which would be an excellent final buying opportunity. Currently, the triggering factors may be the pullback of U.S. stocks from historical highs, the decline of risk assets, and the uncontrollable oil prices. Terrifying inflation data could lead the Federal Reserve to abandon interest rate cuts and even consider raising rates. The outlook for investment is optimistic in the medium to long term, while managing risks in the short term.

According to SoSoValue data, as of 8 AM Eastern Time on April 20, 2026, the total net purchase of Bitcoin by publicly listed companies worldwide (excluding mining companies) for the week was $2.542 billion, an increase of 154.2% compared to last week.Strategy (formerly MicroStrategy) announced an investment of $2.54 billion (an increase of 154% compared to last week) to purchase 34,164 Bitcoins at a price of $74,395, bringing the total holdings to 815,061 Bitcoins.The Japanese listed company Metaplanet did not purchase Bitcoin last week.In addition, four other companies purchased Bitcoin last week. The American asset management company Strive announced on April 15 that it bought 27 Bitcoins, bringing its total holdings to 13,768 Bitcoins, without disclosing the specific purchase amount; the Japanese fashion brand ANAP invested $410,000 on April 16 to increase its holdings by 5.07 Bitcoins at a price of $81,607.50, bringing its total holdings to 1,422.1041 Bitcoins; the British Bitcoin company The Smarter Web Company announced on April 14 that it invested $800,000 to purchase 11 Bitcoins at a price of $72,702, bringing its total holdings to 2,706 Bitcoins; the French Bitcoin company announced on April 20 that it invested $920,000 to purchase 12 Bitcoins at a price of $72,102.50, bringing its total holdings to 2,937 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the publicly listed companies included in the statistics (excluding mining companies) is 1,081,576 Bitcoins, an increase of 3.28% compared to last week, with a current market value of approximately $8.165 billion, accounting for 5.4% of the circulating market value of Bitcoin.

According to GMGN monitoring, this morning, the Solana ecosystem meme coin TROLL saw a significant increase in market capitalization from $16.6 million, peaking over $22 million, currently reported at $21 million, with a 24-hour increase of about 33%, and a trading volume of $2.4 million during the same period.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, with no actual value or use cases, and investors should be aware of the risks.

Last week, the spot Bitcoin ETF recorded a net inflow of approximately $996 million, marking the strongest single-week performance in three months, indicating a clear recovery in market risk appetite. Specifically, the pace of capital inflow accelerated last week: on Friday, the single-day inflow reached $664 million, the highest of the week, while on Tuesday and Wednesday, inflows were $412 million and $186 million respectively. On Thursday, inflows slowed to $26 million, and on Monday, there was a net outflow of approximately $291 million. As of Friday, the total asset size of the spot Bitcoin ETF has surpassed $101 billion, with daily trading volume approaching $4.8 billion.Market analysis suggests that the capital inflow is mainly due to the easing of geopolitical risks, particularly the cooling of the U.S.-Iran situation and the resumption of navigation in the Strait of Hormuz, which has weakened the demand for traditional safe-haven assets like the dollar, driving funds towards the cryptocurrency market and other risk assets. Structurally, Bitcoin is currently still in a range-bound phase, with resistance around $75,000 and support around $72,000. The market is in a "liquidity redistribution" phase and has not yet formed a clear trend.

With the market warming up, a series of indices in the crypto market are showing a rebound trend. The total market value of stablecoins has increased by 0.88% in the past week, currently reported at $32.1408 billion, reaching a new high. It is worth noting that USDT, which had been contracting its presence, made a strong move this week, with a circulation increase of 1.26%, raising its market share to 58.06%. On the other hand, the total value locked (TVL) in DeFi across the network has rebounded to the hundred billion dollar range, currently reported at $99.682 billion. During the same period, the trading volume of DEX also increased by 16.27%, with a weekly trading volume reaching $39.395 billion.

According to GMGN data, Binance Life's market capitalization has exceeded $410 million, setting a new rebound high, currently reported at $400 million, with a daily increase of over 13%.The price of meme coins is highly volatile, and investors are advised to participate with caution.

Liquid Capital founder Yi Lihua posted on X platform: "With the opening of the Strait of Hormuz, the war has officially ended. I still hold the view that neither side has a reason to continue fighting; peace is the only best choice. I remain optimistic about this rebound, with the S&P hitting new highs, MicroStrategy continuing to buy, and Hawthorn Coin taking turns to perform. There is currently no reason to take profits."

According to Arkham monitoring, the BlackRock Bitcoin ETF has held Bitcoin worth $59.31 billion, with an average holding price of $89,000. Following the recent rebound of Bitcoin, the holdings of the BlackRock Bitcoin ETF bottomed out on February 25 and have since rebounded by over $11 billion.

According to GMGN monitoring, last night, the market capitalization of the Solana ecosystem meme coin BULL briefly surpassed $11 million, and has now fallen back to $8.9 million, maintaining a 30% increase over 24 hours, with a trading volume of $3.4 million during the same period.It is reported that the previous surge of this token was influenced by interactions and follows from the official Shib Twitter and the BULL community account. ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case; investors should be aware of the risks.

According to SoSoValue data, the expectation of a ceasefire between the US and Iran has boosted market confidence, leading to a general rebound in the cryptocurrency market, with the GameFi sector performing exceptionally well, rising 5.38% in 24 hours. Among them, Enjin Coin (ENJ) surged by 50.96%, and ImmutableX (IMX) increased by 9.13%. Meanwhile, Bitcoin (BTC) rose by 0.07%, fluctuating narrowly around $74,000; Ethereum (ETH) increased by 0.73%, maintaining above $2,300.In other sectors, the Layer2 sector rose by 3.39% in 24 hours, with Starknet (STRK) up 8.36%; the PayFi sector increased by 2.31%, with XRP (XRP) up 2.87%; the Meme sector rose by 2.08%, with SPX6900 (SPX) up 6.63%; the AI sector increased by 1.75%, with Siren (SIREN) up 18.99%; the DeFi sector rose by 1.35%, with EdgeX (EDGE) up 13.05%; the Layer1 sector increased by 0.88%, with Algorand (ALGO) up 3.59%; the CeFi sector rose by 0.66%, with Gate (GT) up 2.60%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi, ssiLayer2, and ssiPayFi indices rose by 3.13%, 2.86%, and 2.44%, respectively.

CryptoQuant indicates that Bitcoin's recent rebound is facing increasing selling pressure risks, with on-chain data showing a significant rise in funds flowing into exchanges. Bitcoin previously broke through $76,000 but faced pressure and retreated as it approached the key resistance zone around $76,800. This position corresponds to the "on-chain realized price" range, which historically often becomes the top of a rebound, as many investors with positions close to breakeven tend to sell.Data shows that the hourly inflow of Bitcoin into exchanges has risen to about 11,000 coins, the highest level since the end of 2025, and is typically seen as a potential selling signal. At the same time, the scale of large holders (whales) transferring to exchanges is also expanding. Analysts believe that if this resistance level remains effective, Bitcoin may face short-term correction pressure, with key support levels around $67,600.

According to QCP Group analysis, BTC followed the overnight rebound of risk assets, rising to the mid-range of $74,000, triggered by the news of a preliminary framework agreement between the U.S. and Iran. However, long-term yields remained almost unchanged, gold maintained high levels, and the bond market did not follow suit, indicating that this rebound is merely a relief from headline risks rather than a substantive geopolitical resolution.The core contradiction lies in the uranium enrichment issue—Iran is currently enriching at 60%, while the U.S. demands a reduction to below 20%. Iran has yet to signal any compromise, and this issue has been unresolved since 2015. In terms of market structure, BTC spot is slowly rising against a backdrop of negative funding rates and low open interest, showing that shorts are still resisting and pushing for a short squeeze, but the options market has failed to confirm a breakout—short-term ATM volatility remains around 40, and one-month volatility is still lower than three-month volatility, with demand for downside protection still stronger than the willingness to chase upside.On the macro level, the Federal Reserve's net rate cut space for this year is close to zero, and liquidity conditions remain tight. QCP believes that this round of market activity is essentially a geopolitical-driven relief rebound rather than a fundamental shift in the macro landscape, and the market needs to be wary of the risk of a pullback after the rebound.

According to Cointelegraph, Hyperliquid's native token HYPE retested $45 on Tuesday, marking the highest level since October 31, 2025. This rebound has accumulated a 108% increase from the annual low of $21 on January 21. However, market signals are mixed: spot buying is weak, and the cumulative volume delta (CVD) for spot has dropped to -41.48 million, diverging from the price increase, indicating that the rise is mainly supported by passive demand rather than aggressive spot buying.Futures sentiment is cautious, with the futures CVD remaining flat at around -748 million for nearly a month. Although open interest (OI) has risen to 1.38 billion, the weak futures CVD suggests that traders lack confidence in chasing the price up. Additionally, BitMEX co-founder Arthur Hayes predicts that if Hyperliquid continues to capture market share from centralized exchanges, HYPE could rise 200% to $150 by August this year. Currently, HYPE is priced at $43.5, which is 27% lower than its historical high of $59. Analysts warn that if bullish momentum fades, the market may be more susceptible to sharp volatility driven by liquidations.