Macroeconomic turmoil triggers market fluctuations Bitcoin rebounds BERA hits a new low

Market Insights

Macroeconomic Environment

The global economic situation has been turbulent recently. The erratic tariff policies of the Trump administration have begun to shake the market's confidence in the U.S. economy. This uncertainty is expected to continue influencing market trends in the coming months. Meanwhile, U.S. Treasury bonds and the dollar are showing a spiraling decline, while U.S. stocks have experienced a historic surge amid this bearish atmosphere. The cryptocurrency market has also fluctuated dramatically, remaining in sync with the stock market.

Market Performance Overview

This week, Bitcoin experienced a sharp rebound after a significant drop, but smaller cryptocurrencies have faced a delisting crisis, leading to a price plunge. The overall market lacks a clear hot direction.

THE TOP FIVE GAINERS INCLUDED XCN, FARTCOIN, GAS, LAYER, AND UXLINK, WHICH ROSE BY 110%, 100%, 60%, 40%, AND 30%, RESPECTIVELY. The five cryptocurrencies that fell the most were BERA, EOS, MEW, W, and NEAR, all with declines of between 20% and 40%.

It is worth noting that:

1. BERA, as a representative of DeFi public chains, has fallen below the long-term support level, reaching a new low. In the past week, its on-chain stablecoin total has decreased by 300 million dollars.

2. FARTCOIN, as a meme coin on a blockchain platform, has risen several times against the trend in the overall market downturn, becoming the leader of this round of rebound.

3. As a pledge representative in the Bitcoin ecosystem, BABY's market capitalization rebounded to $800 million after listing, which is comparable to the valuation of the last round of institutional investment. This also reflects the fact that the concept of re-staking has been questioned in the market.

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On-chain data analysis

The inflow of funds into the Bitcoin market has come to a standstill. Market liquidity is rapidly contracting, causing the total market cap of altcoins to plummet sharply from $1 trillion at the beginning of the year to $600 billion. This decline has had a wide-ranging impact, with almost all sub-sectors experiencing significant devaluation.

Institutional funds are showing a slight net outflow trend, and panic emotions are spreading across the global market. The market capitalization of stablecoins has also seen a slight decline, indicating that investors are adopting risk-averse strategies.

The long-term trend indicator MVRV-Z Score is currently trading at the level of 1.6, which is close to the bottom range. The indicator is based on the total cost of the market and reflects the overall profitability. When the indicator is greater than 6, it is usually considered the top of the market; Less than 2 is considered to be the bottom of the market. At the moment the indicator has fallen below the key 1 pip, which means that most holders are in the red.

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Futures Market Dynamics

The funding rate for this period remains at a low of 0.00%. Typically, a rate between 0.05% and 0.1% indicates a higher long leverage, which may suggest a short-term market peak; a rate between -0.1% and 0% indicates a higher short leverage, which may signal a short-term market bottom.

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The open interest of Bitcoin futures continues to decline, indicating that the main funds are withdrawing from the market. The futures long-short ratio is 1.9, which is in the greed zone. However, retail sentiment is usually seen as a contrarian indicator, with below 0.7 indicating fear and above 2.0 indicating greed. It is worth noting that the long-short ratio data is highly volatile, and its reference value is limited.

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Spot Market Overview

This week, Bitcoin prices have fluctuated dramatically, while the altcoin market lacks new narrative drivers. The uncertainty surrounding U.S. tariff policies has intensified, leading to sustained pressure on global financial markets. This weak trend has spread to almost all asset classes, and the cryptocurrency market has not been immune to this wave of bear market effects.

! Crypto Market Weekly Roundup (4.7-4.13) Tariffs Hit the Market, SOL Gets PayPal Blessing

! Crypto Market Weekly Roundup (4.7-4.13) Tariffs Hit the Market, SOL Gets PayPal Blessing