On the blockchain front, last Sunday the Bitcoin turnover rate hit a recent low (16,000 BTC/24 hours), reflecting a lack of market activity, but the 83k support remains solid, and market confidence is still there.

On a macro level, the market has turned its attention to the GDP data for the first quarter of 2025 to be announced later this week, which will provide clear guidance for 'recession trading.'

This week, tech giants Tesla and Alphabet will release their earnings reports after the market closes on Tuesday and Thursday, respectively, and their performance may cause market volatility, affecting Bitcoin and other risk assets.

The appointment of the new SEC chairman brings new hope to the crypto industry, as the repeal of SAB 121 demonstrates a friendlier regulatory stance. It is expected that by the third quarter of 2025, policies regarding spot Ethereum ETF staking will become clearer, with a high likelihood of approval.