time

Despite Bitcoin rising to $76,300 at one point this week, market sentiment remains low, with the Fear and Greed Index still in the "extreme fear" range at 21, indicating a clear divergence between price and sentiment. Institutional views suggest that this round of increases is more akin to "valuation repair" rather than a trend reversal. QCP Capital referred to it as a "relief rally," as macro-level inflation, energy, and policy pressures have not fully dissipated.Glassnode pointed out that Bitcoin is still about 5% lower than the key resistance level of the "real market average" at approximately $78,100, and the current rebound has limited depth. The funding structure is also showing divergence. Spot demand and ETF fund flows have warmed up, but profit-taking has increased, and institutional participation remains cautious, with the derivatives market continuing to lean towards downward hedging. Exchange data also shows that demand is more from offshore and retail funds rather than dominated by U.S. institutions. Analysts state that around $75,000 has become a key support/validation level. If subsequent buying cannot sustain, the price may retreat to the range of $70,000 to $71,000.On the macro front, U.S. stocks continue to hit new highs, and oil prices remain high but have not surged further, which has warmed market risk appetite but still carries uncertainty. The market's focus is shifting towards the Federal Reserve's policy path, and the overall environment still poses constraints on crypto assets. In summary, while Bitcoin maintains its rebound, it oscillates near resistance levels, and the market tone remains cautious, with no consistent bullish trend formed yet.

According to monitoring by Hyperinsight, a whale opened a BTC long position with 40x leverage, with a position size of 6.95 million USD and an average price of 75,320 USD. After gaining about 20% in floating profit, the address immediately placed a limit take-profit order, planning to close the entire position at 77,000 USD.It is worth noting that the address did not set any stop-loss orders. Considering that the liquidation price is at 74,287 USD, it may imply using the liquidation line as an implicit stop-loss level.

According to Coinglass data, the Coinbase Bitcoin premium index has been positive for 9 consecutive days, currently reported at 0.0117%. The buying sentiment in the U.S. market continues to warm up, after being in negative premium for 15 consecutive days.ChainCatcher Note: The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing capital flows in the U.S. market, institutional investment enthusiasm, and changes in market sentiment.A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, rising market risk aversion, or capital outflows.

According to CoinDesk, Ethereum processed 200.4 million base layer transactions in the first quarter of 2026, setting a new historical high and becoming the first quarter to surpass 200 million transactions.Data shows that this metric has continued to recover since its low of about 90 million transactions in 2023, with Q1 2026 growing 43% compared to 145 million transactions in Q4 2025. The report points out that this round of growth is mainly driven by Layer 2 network settlements and bridging activities, as well as an increase in stablecoin usage; currently, the supply of stablecoins on the Ethereum chain has reached $180 billion, accounting for about 60% of the global stablecoin market. However, the price of ETH has still fallen over 50% from its high of nearly $5,000 in August 2025.

According to HTX data, ORDI has continuously surged, briefly breaking through $9.5, currently reported at $9.022, with a 24-hour increase of 212%.In the past 24 hours, the total liquidation of ORDI contracts across the network reached $22.75 million, with long positions liquidating $5.18 million and short positions liquidating $17.57 million.

According to Jinshi reports, Federal Reserve Governor Milan stated a preference for three interest rate cuts this year, but it could also be four.

According to Jinshi reports, the S&P 500 index has turned down, indicating a weakening market sentiment.

According to Coinglass data, the Coinbase Bitcoin premium index has been positive for 8 consecutive days, currently reported at 0.0401%. The buying sentiment in the U.S. market continues to warm up, after previously being in negative premium for 15 consecutive days.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decline in investors' risk appetite, an increase in market risk aversion, or capital outflow.

According to the official announcement, Bitget has launched the U-based GENIUS perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will also be opened simultaneously.

According to Lookonchain monitoring, trader 7Be6hv spent 0.1 SOL (8.5 USD) to buy 6636 BELIEF and staked it, earning 25.06 SOL (2160 USD) and 2.9 million BELIEF (currently worth 7768 USD) as staking rewards.

According to analyst Alicharts, Bitcoin is at a critical turning point. Bitcoin is testing the 100-day Simple Moving Average (SMA) resistance level, marking its third test in six months. The previous two tests ended in failure: in October last year, Bitcoin faced rejection, leading to a 30% drop from $116,000 to $80,000. In January, Bitcoin similarly faced rejection, resulting in a 39% drop from $97,000 to $59,800.Alicharts warns that a third rejection here would represent a significant structural failure. It could trigger a triple top effect, potentially pushing Bitcoin's price back to the annual low of $59,800. If BTC can ultimately break through this barrier and close above the 100-day SMA, then the upper limit will be breached. A breakout here would open a direct path to $80,000 - $84,000, confirming that the macro adjustment may have ended.

According to the official announcement, in order to meet the market demand for trading in the AI-related sector of US stocks, Bitget stock contracts have now launched six popular underlying assets: AMD, AMAT, SNDK, STX, LITE, and FLY, covering areas such as chips, semiconductor equipment, and storage. The aforementioned contracts support a maximum leverage of 20 times. For more details, please refer to the Bitget official platform.

According to Cointelegraph, after a recent rebound, Ethereum's price has stabilized above $2,300, with ETH futures open interest increasing to $25.4 billion, indicating a rise in demand for leveraged positions.Meanwhile, Ethereum spot ETFs listed in the U.S. have seen a net inflow of $248 million over the past 10 days, and Bitmine Immersion has also disclosed the purchase of $312 million worth of ETH. However, the funding rate for ETH perpetual contracts has failed to remain above 5% and has repeatedly fallen below 0, reflecting limited market confidence in this round of increases. Additionally, Ethereum's weekly DApp revenue has dropped from $24 million in early February to $11 million, and weakened network activity along with intensified competition among public chains may continue to affect ETH's trend.

According to Gate market data, U.S. stocks closed on Wednesday with the Dow Jones down 0.15%, the S&P 500 up 0.8%, and the Nasdaq up 1.59%, with the latter two reaching all-time highs. Tesla (TSLA.O) rose 7.6%, Apple (AAPL.O) rose nearly 3%, and SanDisk (SNDK.O) fell 5.5%. The Nasdaq Golden Dragon China Index rose 0.7%, and NetEase (NTES.O) rose 2%.

According to Gate market data, the S&P 500 index briefly broke through 7,000 points during the session, marking the first breakthrough since January 28.

According to CoinDesk, Circle CEO Jeremy Allaire has been selected for TIME magazine's 2026 list of the 100 most influential people in the world.

According to Jinshi, U.S. President Trump stated that if Federal Reserve Chairman Powell does not resign on time, he will be fired.