BTC and ETH Rebound as ETF Inflows Boost Crypto; CHZ Surges on US Expansion

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve maintains a steady policy stance, supporting risk sentiment and crypto liquidity. Surging Canadian inflation, driven by energy prices, raises uncertainty for CAD-linked crypto pairs. Ongoing Clarity Act debates and stablecoin regulation heighten short-term compliance risks for crypto businesses.

Crypto Market

The crypto market shows a mild rebound, with BTC up 2.4% to $76,052 and ETH rising 1.8% to $2,320, driven by ETF inflows and easing macro fears. Chiliz (CHZ) leads altcoins, surging 12.7% on US expansion news, while SIREN gains 5.5% and EDGE sees minor losses. Altcoin performance is mixed, with sports and DeFi tokens outperforming.

Today's Outlook

Key events today include Justin Sun's keynote at the Hong Kong Web3 Carnival and Fed Governor Waller's speech on Reserve Bank modernization. Both may influence sentiment in Asian and global crypto markets, especially regarding regulatory and institutional adoption trends.

Fear and Greed Index

0.00% Annual Percentile

55 Neutral

Total Crypto Market Cap

$2.55T

1.79%

Total Market Trading Volume

$141.65B

11.13%

Altcoin Season Index

54.55%

Quarterly Percentile

37 / 100

Total Futures Market Open Interest

3.70B

2.61%

Futures

461.54B

4.46%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve is expected to keep interest rates unchanged in April, maintaining a cautious stance amid ongoing market volatility. This stability in US monetary policy supports risk sentiment and helps anchor Bitcoin and DEFI liquidity, reducing immediate downside risk for digital assets.

Canada's March CPI rose to 2.4% year-on-year, up from 1.8% in February, driven by surging energy prices. The inflation spike increases uncertainty around Bank of Canada policy, which may delay rate cuts and impact CAD-denominated crypto trading pairs and cross-border DeFi flows.

Citibank projects oil prices could reach $130 per barrel if the Strait of Hormuz disruption persists, potentially triggering global inflation and risk-off sentiment. Elevated energy costs historically pressure crypto valuations as investors rotate into safe-haven assets like gold and USD.

US equity positioning among professional investors saw the largest weekly increase in eight years, returning to neutral levels. Improved equity sentiment often correlates with higher risk appetite in crypto markets, supporting BTC and ETH price stability amid macroeconomic uncertainty.

The Federal Reserve's balance sheet expanded by $12 billion last week, reaching $6.7 trillion. Continued liquidity injections support financial market stability and can indirectly benefit crypto asset prices by sustaining risk-on conditions and DeFi protocol activity.

Cryptocurrency Regulatory Trends

The Clarity Act is entering a critical phase this week, with legislative discussions intensifying. Potential regulatory changes could impact compliance requirements and operational strategies for crypto businesses, increasing short-term market uncertainty.

A federal court in California ruled against a key SEC argument in crypto regulation, stating that mere promotion does not constitute a common enterprise. This challenges the SEC's approach and may affect future enforcement actions, potentially boosting investor confidence.

USDT borrow rates on Aave have surged to 14% amid a liquidity crunch, reflecting tightening conditions in DeFi markets. This highlights the impact of regulatory debates and market stress on stablecoin lending and DeFi risk management.

Chiliz (CHZ): CHZ surged 12.7% in 24h, driven by renewed U.S. market expansion efforts and a 196% spike in trading volume to $185M, outperforming most altcoins.

edgeX (EDGE): EDGE rose 11.5% in 24h, fueled by technical rebound and bullish sentiment, with 24h trading volume at $55M and market cap reaching $469M.

Siren (SIREN): SIREN gained 5.5% in 24h as shorts unwound and funding rate adjustments on major exchanges triggered a breakout, with increased volatility and market focus.

Smart Money Movements

Strategy Inc. acquired 34,164 BTC for $2.54 billion at an average price of $74,395 per coin, raising its total holdings to 815,061 BTC, surpassing BlackRock's ETF holdings.

Morgan Stanley increased its Bitcoin holdings by 215 BTC, valued at $16.43 million, bringing its total to 1,820.6 BTC worth approximately $138.1 million.

A newly created wallet sold 199,999 HYPE tokens for $8.15 million USDC, transferring the funds from Hyperliquid to Binance, indicating significant asset movement.

Bitmine Immersion Technologies acquired 101,627 ETH for $235 million, increasing its total Ethereum holdings to 4,976,485 ETH, with 3,334,637 ETH staked, valued at $7.7 billion.

Empery Digital sold 20 BTC at an average price of $74,425, generating approximately $1.5 million and reducing its total Bitcoin holdings to 2,914 BTC.

Events to Watch

Apr 21 (Tue)

Hong Kong Web3 Carnival: Justin Sun delivers keynote; Fed Gov. Waller speaks on Reserve Bank modernization; Fed Chair nominee Warsh's hearing.

Apr 22 (Wed)

$UDS token unlock: $37.09M (13.47% of supply); UK March CPI and PPI inflation data; CBRT interest rate decision.

Apr 23 (Thu)

US Initial Jobless Claims; US Fed balance sheet release; S&P Global Manufacturing and Services PMI; Japan March CPI data; Institutional Dialogues 2026.

Apr 24 (Fri)

Optimism token unlock: $28.9M; Flare FIP-16 governance vote concludes; US Manufacturing PMI; Germany Ifo Business Climate; US Michigan Consumer Sentiment.

Apr 25 (Sat)

US Q1 GDP data release; US Consumer Confidence Index; University of Michigan Consumer Sentiment Index final.

III. Phemex Market Focus

New Listings

Apr 17: (CFG/USDT)

Centrifuge (CFG) spot trading pair is now live on Phemex Spot Market.

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