Summary
- Market Focus Analysis: Amid weekend liquidity being relatively thin, BTC experienced a rapid decline followed by a low-level consolidation phase; ETH’s overall trend was weaker than BTC, and the market remains in a weak equilibrium structure after deleveraging. Meanwhile, geopolitical risks drove significant increases in crude oil and precious metals prices, with funds temporarily shifting toward defensive assets.
- Liquidity Analysis: The continued strength in precious metals prices has boosted trading demand. The order book depth for XAUT shows multiple proactive buy orders during the price rise, while sell orders concentrate at higher levels, increasing short-term selling pressure. Additionally, mainstream CEX platforms are increasing the number of metal products in the TradFi asset sector, reflecting rising demand for safe-haven assets.
- On-Chain Data Insights: DEX trading volume shows event-driven pulse surges, but overall scale remains below historical cycle highs. Stablecoin supply remains high and sideways, indicating funds are mostly in a wait-and-see mode or awaiting allocation. Liquid Staking TVL has slightly declined, and Aave’s cross-chain lending volume continues to decrease, suggesting the market is in a mild and active deleveraging phase.
- Derivatives Tracking: BTC open interest continues to decline significantly from the 2025 high, indicating a clear reduction in overall market leverage. Funding rates remain negative but have not worsened further. Options market trading volume and implied volatility are rising in tandem, showing that funds are still paying premiums for future volatility.
- Next Week Outlook: The market will focus on macro indicators such as the ISM Manufacturing and Non-Manufacturing PMI, ADP employment data, and Non-Farm Payrolls, which will influence interest rate expectations and liquidity assessments. Additionally, token unlocks for ENA, HYPE, and RED, as well as events like Espresso upgrade and Chiliz buyback and burn, may cause localized market volatility.
(Click below for the full report)
[Gate 研究院](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform providing in-depth content, including technical analysis, hot topics, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Today’s Crypto Fear and Greed Index has fallen to 15, and the market is in extreme fear.
Gate News message, April 11, Alternative.me data shows that today’s Crypto Fear and Greed Index dropped to 15; yesterday, the index was 16, and the market is in a “Extreme Fear” state.
GateNews11h ago
Crypto Sector Wavers As Geopolitical Tensions Influence Market Performance
The crypto market has seen a 1.14% decline, with Bitcoin and Ethereum experiencing slight gains. Top gainers include PEPE and IRISnet. DeFi TVL increased, while NFT sales dropped. Notable events include xAI suing Colorado and South Korea tightening crypto regulations.
BlockChainReporter23h ago
Gate Daily Report (April 10): U.S. Treasury Secretary supports sending the “CLARITY Act” to President Trump; WLFI’s $75 million stablecoin-backed loan sparks panic
Bitcoin surged in the short term to $71,830 before pulling back. U.S. Treasury Secretary Bessent advancing the “CLARITY Act” faces challenges that could affect stablecoin legislation. WLFI borrowed $75 million in stablecoins, raising liquidation risk. U.S. stocks rose on expectations of peace talks, and market sentiment is optimistic, but liquidity in capital flows still needs improvement.
MarketWhisper04-10 01:37
XRP Today’s News: Institutional funds return, circulating inflow of 120 million exceeds Bitcoin
This week, XRP recorded a $119.6 million capital inflow, setting the highest mark since 2025 and becoming a major beneficiary in the crypto market. This round of funds returning was mainly driven by greater clarity in regulatory policy and XRP’s real-world use in cross-border payment infrastructure. Technically, it shows an initial recovery, but overall it is still in a downward channel. The support and resistance levels are $1.31 and $1.40, respectively; if it breaks through, it is expected to reach $1.50.
MarketWhisper04-09 06:03
Hyperliquid platform’s combined oil trading volume today exceeds all BTC and other perpetual contracts
Gate News updates—On April 8, according to monitoring by @mlmabc, on the Hyperliquid platform, assets in the combined oil (Combined oil) category have today’s trading volume exceed that of all other perpetual contract products on the platform, including BTC.
GateNews04-08 08:23
XRP Today News: A whale’s holdings have reached a 10-month high as the Ripple conference in Tokyo gets underway
At the XRP Tokyo Conference, Ripple predicts that global on-chain stablecoin transaction volume will exceed $33 trillion in 2026, while large investors continue to withdraw XRP from exchanges, pushing its holdings to a 10-month high. The market is watching regulatory developments, especially the impact of the “CLARITY Act.” In the short term, the XRP price is consolidating between $1.28 and $1.35; if it breaks above $1.35, it may see an upward move.
MarketWhisper04-08 01:58
