🌟Cryptocurrency Market Daily | April 27, 2025 🌟
1. Market performance: BTC relies on ETFs to absorb blood, and the differentiation between ETH and SOL intensifies
1. $BTC: ETF funds dominate the volatile market
- 💰 Record-breaking Weekly Inflows: US spot Bitcoin ETFs saw a weekly net inflow of over US$3 billion (a 5-month high), with the GBTC discount rate narrowing to 0.8%, signaling a significant increase in institutional holdings;
- 🛡️ Macro support: Geopolitical easing (expectations of Russia-Ukraine negotiations) coupled with ETF fund inflows, BTC's short-term support level is $93,000 and resistance level is $95,500.
2. $ETH: Short-covering drives violent rally
- 📈 Market share rises from a new low: CryptoRank data shows that ETH's market share has dropped to 7.4% (close to the 2020 level), but excessive short selling has triggered a short squeeze, and the current price has exceeded $1,850;
- 🔄 Staking is recovering: validator net inflow increased by 5% week-on-week, L2 network gas fee dropped to US$0.15, and on-chain activity rebounded.
3. $SOL: On-chain recovery and ETF narrative resonate
- 🚀 Wealth creation effect restarted: SOL chain DEX transaction volume increased by 40% week-on-week, Meme coins and NFT projects attracted significant funds, and the ecosystem TVL exceeded US$7 billion;
- 🌟 ETF process accelerated: applications from three major US institutions were confirmed by the SEC, Canadian physical ETF pledge yields of 6-8% became the benchmark, and the SOL/BTC exchange rate rose to 0.0021.
II. Regulation and Policy: Global Gambling and Compliance Disputes
1. Geopolitical and policy dynamics
- 🌍 China-US tariff game: Trump said that "China must make substantial concessions before canceling tariffs", which may suppress risk appetite;
- ⚖️ Federal Reserve policy controversy: Senator Lummis criticized the Fed’s withdrawal of crypto bank guidance for “lack of substantive progress” and that there are still differences in policy implementation.
2. Compliance process
- 📜 Derivatives milestone: XRP futures landed on CME (), Ripple CEO called it a "payment track compliance breakthrough";
- ⚠️ Regulatory risk warning: SEC may delay the approval of Solana ETF, and the ecosystem needs to prove its ability to resist hackers (Loopscale incident hits confidence).
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3. Capital and Ecosystem Trends: Capital Siphoning and Technology Game
1. Organization and project updates
- 💼Base chain capital return: Virtuals.io recovery drives Base’s net inflow of US$20.6 million (), and the Coinbase ecosystem support effect is evident;
- 🤖 AI track is cold: Arbitrum withdraws from Nvidia-backed AI accelerator project, reflecting that traditional giants are still cautious about crypto-related issues.
2. Speculation and risk events
- 🎁 Trading competition catalyst: MyShell Launchpad is online, $myshell rose by more than 18% in 24 hours, but beware of high FDV new coin selling pressure;
- 🔥 Frequent hacker attacks: Solana DeFi protocol Loopscale suffered a loss of US$5.8 million, exposing ecological security loopholes.
4. Risks and Strategies: Offensive and Defensive Logic in Differentiation
1. ⚠️Short-term risk warning
- ETF fund fluctuations: If BTC fails to break through the previous high, profit taking may trigger a pullback;
- SOL on-chain risks: continued hacking incidents may weaken ETF approval expectations;
- Geopolitical reversals are possible: If the Russia-Ukraine negotiations break down, risk aversion may impact high-volatility assets.
2. 🔍Monitor focus
- Policy variables: SEC’s statement on Solana ETF, Federal Reserve policy details;
- On-chain signals: BTC ETF fund flow continuity, SOL pledge rate changes;
- Speculative risks: sudden changes in Meme coin liquidity and geopolitical black swans.
📌 Core conclusion: The market is driven by ETF funds and dominated by policy games. The blood-sucking effect of BTC suppresses the space of altcoins, but ETH/SOL relies on ecological recovery to make a phased breakthrough; in the short term, be wary of hacker risks and policy reversals, and in the long term, focus on compliance and institutional-led narratives.
🚨 Warning: Keep 20% in cash to deal with extreme fluctuations and avoid high leverage chasing prices!
