BTC: As of April 2, 2025, the current price of BTC is $84,200; the daily chart has formed a "small bullish candle," and trading volume has increased compared to the previous day, showing a slight recovery in bullish sentiment.
On-chain data shows that the U.S. spot Bitcoin ETF had a net outflow of 1,912 coins (approximately $158 million) yesterday, indicating that institutional funds remain cautious. The turnover rate has slightly increased, and there are clear signs of short-term players taking profits, while players with a cost basis below $90,000 dominate; their exit behavior is more of a hedge against tariff risks.
On a macro level, GDPNow predicts that the U.S. GDP growth rate for the first quarter of 2025 will plummet to -3.7%, compounded by the uncertainty surrounding Trump's tariff policy announcement on April 3, which continues to suppress market sentiment.
Overall, the short-term rebound in Bitcoin is more of a technical correction rather than a trend reversal.
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