Trading Moment: Risk assets rebound after Trump "shows weakness"; Standard Chartered Bank and Arthur Hayes optimistic about BTC hitting $200,000.

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Trading Moment: Risk Assets Rebound After Trump's "Weakness"; Standard Chartered Bank and Arthur Hayes Optimistic About BTC Hitting $200,000

1. Market Observation

Keywords: Trump, ETH, BTC

Recently, Trump stated he has no intention of firing Federal Reserve Chairman Powell, while admitting that tariffs on Chinese exports are too high, hinting at a significant reduction in tax rates. Meanwhile, there are signs of easing geopolitical tensions, as Putin has proposed halting attacks on Ukraine at the current front lines as part of efforts to reach a peace agreement with Trump. These signs of easing have directly impacted the performance of safe-haven assets, with spot gold dropping about $160 from yesterday's high of $3,500, currently quoted at $3,339 per ounce.

Cryptocurrency assets have seen a significant rebound. Bitcoin broke through the critical resistance level of $90,000 yesterday, rising above $94,000 this morning, with its market capitalization surpassing silver and Amazon, ranking sixth in global asset market value. 10x Research points out that the current key resistance area is between $94,000 and $95,000. Traders in the Greeks.live community believe that after Bitcoin breaks $90,000, the next target will be $93,000/$100,000; while those taking a cautious stance are watching for a possible pullback, expecting a significant rise only after a retest of levels around $84,000 or $74,000. Additionally, Cantor Fitzgerald, led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is collaborating with several institutions to create a Bitcoin acquisition platform worth billions of dollars, which will become another strong buyer of Bitcoin.

Furthermore, Arthur Hayes is optimistic about Bitcoin's future, believing it will detach from its correlation with tech stocks and rejoin gold as a market safe-haven asset. He predicts that after Bitcoin breaks $110,000, it could climb all the way to $200,000, prompting funds to flow from Bitcoin into altcoins. Standard Chartered's Geoff Kendrick also holds an optimistic view, predicting that if concerns about the Federal Reserve's independence persist, Bitcoin could reach an all-time high, forecasting it will hit $200,000 by the end of 2025.

In the altcoin sector, Solana has rebounded alongside the market, rising above $150 this morning. This surge is supported by institutional funds, with Galaxy Digital converting $100 million in ETH to SOL, U.S. listed company DeFi Dev Corp increasing its SOL holdings by $11.5 million, and blockchain payment provider Astra Fintech establishing a $100 million fund to support Solana's development in Asia. In this atmosphere, the AI Meme sector has seen the largest rebound, with ZEREBRO doubling in daily gains and Fartcoin's market capitalization surpassing $1 billion.

On the macroeconomic front, U.S. Treasury Secretary Basant stated that the tariff deadlock is unsustainable and expects the situation to ease. Trump's attitude towards the Federal Reserve has also softened, stating, "We believe the Federal Reserve should lower interest rates; now is a perfect time. We hope our chairman can lower rates early or on time." He also expressed satisfaction with the stock market's performance. According to CME's "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in May is 91.7%, with an 8.3% chance of a 25 basis point cut. The probability of the Fed maintaining rates until June is 32.8%, with a cumulative 25 basis point cut probability of 61.8% and a cumulative 50 basis point cut probability of 5.3%.

2. Key Data (as of April 23, 12:00 HKT)

(Data source: Coinglass, Upbit, Coingecko, SoSoValue, Tomars, GMGN)

  • Bitcoin: $93,203.77 (Year-to-date -0.45%), daily spot trading volume $55.665 billion

  • Ethereum: $1,794.45 (Year-to-date -46.28%), daily spot trading volume $25.673 billion

  • Fear and Greed Index: 72 (Greed)

  • Average GAS: BTC 1.05 sat/vB, ETH 0.67 Gwei

  • Market Share: BTC 63.3%, ETH 7.4%

  • Upbit 24-hour Trading Volume Ranking: DEEP, XRP, BTC, AERGO, TT

  • 24-hour BTC Long/Short Ratio: 1.005

  • Sector Performance: MemeAI sector up 14.52%, AI sector up 13.81%

  • 24-hour Liquidation Data: A total of 160,939 people liquidated globally, with a total liquidation amount of $603 million, including $298 million in BTC, $125 million in ETH, and $19.13 million in SOL.

  • BTC Medium to Long-term Trend Channel: Upper line ($87,457.52), lower line ($85,725.69)

  • ETH Medium to Long-term Trend Channel: Upper line ($1,652.44), lower line ($1,619.72)

*Note: When the price is above the upper and lower lines, it indicates a medium to long-term bullish trend; conversely, it indicates a bearish trend. When the price is within the range or fluctuates through the cost range in the short term, it indicates a bottoming or topping state.

Trading Moment: Risk Assets Rebound After Trump's "Weakness"; Standard Chartered Bank and Arthur Hayes Optimistic About BTC Hitting $200,000

3. ETF Flows (April 14 to April 22 EST)

  • Bitcoin ETF: $936 million

  • Ethereum ETF: $38.74 million

4. Today's Outlook

Top 500 Market Cap Gainers Today: ZEREBRO up 151.13%, DEEP up 126.82%, TURBO up 50.83%, ARC up 48.62%, ALCH up 39.56%.

Trading Moment: Risk Assets Rebound After Trump's "Weakness"; Standard Chartered Bank and Arthur Hayes Optimistic About BTC Hitting $200,000

5. Hot News

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