- 24-Hour Market Trends

Range Fluctuations and Active Capital: The Bitcoin market is in a range fluctuation, from April 21 to 28, hot capital surged from $20.7 billion to $39.1 billion, an increase of 92%. Speculative forces are awakening, and the market is transitioning from low activity to high activity.

- Main Capital and Position Sentiment: On-chain derivative indicators show that the sentiment of main capital positions is showing signs of decline after a peak. Large players may be adjusting their long positions, but if the indicators recover upward, Bitcoin prices often rise in sync.

Price Support and Trend Forecast

- Support Levels and Market Adjustments: Strong support is near $93,200, and even if there is a downward gap, the 200-day moving average ($89,700) will be a solid support, and Bitcoin prices are likely to hold above the $90,000 threshold.

- Optimistic Future Trends: The impact of global M2 money supply on Bitcoin has not yet fully reflected in the coin price, and it is expected that Bitcoin will break new highs in a few months.

Market Sentiment and Chip Structure

- Market Sentiment Not at Peak: Although about 94% of Bitcoin addresses are in profit, and the stablecoin supply ratio shows high market liquidity, public interest in searching for Bitcoin has not significantly increased, and FOMO sentiment has not fully formed.

- Optimized Chip Structure: The chip structure of Bitcoin has undergone positive changes, with fewer chips trapped at the top and more stable chips at the bottom, and the supply ratio of long-term holders continues to rise.

Risk and Opportunity Alerts

- Short Risk: There are many short positions near $85,000, and if Bitcoin prices rise, shorts may become fuel to drive prices further up.

- ETF Capital Inflows: Spot ETFs maintain positive inflows, contributing to the stability and increase of the Bitcoin market.