Crypto Market April Review: Forward-Looking Trades Drive Rebound, BTC Rises Strongly

In April, the crypto market experienced a strong rebound after severe fluctuations. BTC rose 14.11% in a single month, recovering all the losses since the "tariff war". Despite the turmoil in the global financial markets due to the tariff dispute, the crypto market demonstrated strong resilience.

Macroeconomic Situation: Tariff Disputes Trigger Market Adjustments

At the beginning of April, the escalation of the tariff dispute triggered panic in the market, leading to a significant decline in the US stock market. However, as policy attitudes softened and relatively robust economic data were released, market sentiment gradually improved. The annualized quarterly GDP in the first quarter of the United States fell by 0.3%, but the job market remained resilient. Inflation data showed signs of cooling, temporarily alleviating concerns about an economic recession.

Crypto Assets: BTC Strong Rebound

BTC fell in early April following the decline of the US stock market, but soon launched a strong Rebound. Throughout the month, BTC rose by 14.11%, with a volatility of 26.12%. On the technical side, BTC repeatedly confirmed long-term trend support and broke through the 200-day moving average. Compared to the US stock market, BTC performed even more strongly, thanks to sufficient prior adjustments, increased holdings by long-term investors, and supportive favorable policies.

Market Structure Analysis

1. Chip structure optimization: Long-term holders and large holders have increased their positions during the adjustment, improving the overall holding structure.

2. Significant capital inflow: In April, the crypto market saw a net inflow of over $10 billion, including funds from ETF channels and institutional investments.

3. Market sentiment recovery: Panic emotions have been released, and the pressure of unrealized losses has significantly eased.

Future Outlook

Although the market has performed strongly recently, it is still necessary to be aware of external uncertainties, especially the potential impact of trade disputes on the global economy. The internal structure of the market has stabilized, providing support for future upward movement. However, external risks still need to be closely monitored, particularly the potential effects of trade disputes on capital flows, market sentiment, and economic outlook.