BTC： As of April 8, 2025, the current price of BTC is $79000; At the daily level, a "high wind and high waves big line" has been closed, and the volume has significantly increased compared to the previous days, indicating that the game between long and short sides is fierce, but multiple parties are temporarily dominant. On chain data showed a net outflow of 1325 US spot Bitcoin ETFs worth $104 million yesterday, indicating that institutional investors are cautious and selling pressure still exists. The turnover rate has dropped to 0.5 times the normal level, and short-term holders have become the main sellers. However, long-term holders in the $92000-97000 range have sold less than 10000 units, indicating a stable mentality among long-term holders. At the macro level, BlackRock CEO warns that the US economy may have fallen into recession, and if the GDP data confirms a growth rate as low as -2.8% at the end of the month, the market may fall another 20%. Although yesterday's Oolong incident did not trigger a BTC crash, the panic of VIX breaking through 60 cannot be ignored. Overall, after the oolong incident subsided, the US stock market has taken the lead in recovering, and the sentiment in the Bitcoin market is gradually recovering. As long as the tariff issue does not escalate, the rebound market is expected to continue. However, if the US economy really falls into a recession quagmire, short-term prosperity may only be an illusion. The complexity of the April market is becoming increasingly apparent, with event driven uncertainty making the game more difficult.