分析师称，比特币的清算情况与 2021 年完全不同

由于 DeFi 指标疲软和竞争加剧对其价格造成压力，以太坊价格仍在试图恢复 1,900 美元的大关。 根据 DefiLlama 的数据，由于流动性和投资者参与度下降，网络锁定的总价值从 1 月份的 630 亿美元下降到 2 月份的 440 亿美元。稳定币流入放缓，表明资本流入以太坊 (ETH) 协议的速度放缓。 数据还显示，去中心化交易所的交易量从 12 月的 920 亿美元下降到 2 月的 820 亿美元。随着 Hyperliquid (HYPE) 和 Solana (SOL) 等其他链的永续期货交易量不断增长，以太坊上的期货交易量受到影响，从 12 月的 310 亿美元下降到 2 月的 180 亿美元。 以太坊的收入遭受重创，从 12 月份的 1.93 亿美元跌至 2 月份的 2600 万美元。交易费下降和网络活动减少是导致收入大幅下降的原因。 你可能还喜欢：SEC 推迟灰度 XRP ETF 决定，富兰克林邓普顿加入申请人行列 此外，根据SoSoValue的数据，现货以太币ETF已连续四周出现赎回现象，过去一个月赎回总额达1.76亿美元。这一趋势表明机构对以太币的需求有所减少。 以太坊目前的交易价格为 1,876 美元，难以维持 1,875 美元的关键支撑位。由于 ETH 持续交易于其 50 天移动平均线 2,282.50 美元以下，日线图显示出明显的下行趋势，增强了看跌势头。 以太坊技术分析。来源：crypto.news 布林线显示波动性较高。以太坊正在接近底部通道，表明存在超卖情况。相对强弱指数为 34.51，接近超卖阈值 30，表明购买压力较小，但如果需求增加，则有可能出现缓解性反弹。 The low trading volume indicates poor market participation. ETH may move toward $1,800 if it breaks below $1,875; while a reversal would face resistance at $2,282. Ethereum must reclaim its 50-day moving average to see a bullish shift, but price movement is still under pressure. One important development to keep an eye on is the push to include staking in Ether ETFs. Cboe BZX has filed a request for U.S. regulators to allow for staking of Fidelity’s Ether ETF, following a similar request from 21Shares in February. If approved, investors could earn around 3.3% in staking rewards, which might attract more institutional interest. 阅读更多：分析师称，币安 BTC 鲸鱼比例下降可能预示市场反弹

Bitcoin’s price is approaching major resistance zones while funding rates flip increasingly positive—an indication that long exposure is building up. But is this bullish pressure sustainable, or a sign of overheating? Bitcoin’s (BTC) current price movement is testing a key area of resistance following a powerful rally, largely driven by a short squeeze. Now hovering just below $98,000, BTC is encountering strong supply at the confluence of the descending trendline, the 0.618 Fibonacci level, and the point of control from previous trading ranges. At the same time, funding rates across major exchanges have turned positive, creating an important dynamic between derivatives and spot price action. Key technical points Current Price:Bitcoin trades near $96,250 –$97,800, facing multiple resistance confluences. Funding Rates:Positive across major exchanges, reflecting increased long positions in perpetual futures. Price Structure:The short squeeze has lifted BTC into a range with previous bearish order blocks. To better understand how this affects price action, it’s important to know what funding rates are. In perpetual futures markets, used heavily in crypto,funding is a periodic payment made between traders based on the difference between the futures and spot price. When funding is positive, long traders pay short traders, which typically occurs when bullish sentiment dominates. When funding is negative, short traders pay longs, signaling bearish sentiment or aggressive shorting. Bitcoin Exchange Funding Rate Source: CryptoQuant Right now, Bitcoin’s positive funding rate suggests that traders are paying a premium to hold long positions. This often happens after a rapid rise, such as a short squeeze, when the majority of traders flip long expecting continuation. However, this can also set the stage for pullbacks if the market becomes overleveraged. If funding remains elevated without strong spot demand or volume, it raises the probability of a shakeout or local top. You might also like:Lightchain AI highlights Cardano outshining BTC and Ether on ETF news Market implications The current resistance near $98,000 is a technically significant zone. It combines multiple macro-level resistance factors with a psychological milestone following a sudden squeeze. If BTC is able to consolidate above this area with volume and hold the breakout, the positive funding may fuel a continuation to $100,000 and beyond. However, failure to hold this level could trigger a rapid unwind of leveraged longs, reversing gains quickly. Bitcoin’s funding rates remain a key metric to watch. As long as BTC consolidates above $96,200 with healthy volume, continuation is possible, but if positive funding persists without a breakout, a flush lower becomes more probable. Caution is warranted while BTC tests this pivotal level. Read more:eToro eyes US IPO next week following Trump-induced volatility: report

Komal Sri-Kumar, president of Sri-Kumar Global Strategies, warned that the ongoing U.S.-China trade tensions could push the Federal Reserve towards hiking interest rates, a move that is generally seen as a headwind for cryptocurrency and other risk assets. Speaking on CNBC’s “Power Lunch” segment Wednesday afternoon, Sri-Kumar said he believes an interest rate hike is necessary as inflation risks mount. Notably, he expressed skepticism over the narrative that the trade war is nearing resolution which means the “Fed has to be vigilant”. This view contradicts the growing market expectation of rate cuts as the Fed attempts to support economic growth. Crypto.news analyst Crispus Nyaga commented in an April 4 article that interest rate cuts is historically bullish for Bitcoin (BTC) and other asset classes. He added that any move to raise rates could provoke further friction with the White House, which may pressure Fed Chair Jerome Powell despite his independence. Powell, who has one year left in his term, has been at the center of this tension, with previous reports indicating the president had considered firing him, a threat that has since been walked back. Sri-Kumar’s message was clear: expect more volatility ahead, both from unpredictable geopolitical shifts and a central bank navigating a treacherous inflationary landscape. Read more:Stocks jump as investors react to tariffs news, Trump’s Powell flip No concessions, no clarity According to Sri-Kumar, the recent interactions between the U.S. and China demonstrate a lopsided dynamic. While the U.S. administration has toned down its tariff threats, China has not made significant concessions in return. “Trump, after a big talk about 145% tariffs, is now willing to come down without any concession on the Chinese part,” Sri-Kumar noted. As such, the president weakened the U.S.’s negotiating stance. He criticized what he perceives as an inconsistent strategy from the administration, pointing out that markets and foreign leaders now anticipate that tough talk from Washington will eventually soften if markets begin to falter. “That is a very bad negotiating strategy,” he said. He further noted that the trade war has perpetuated uncertainty for U.S. manufacturers, who remain wary of new or returning tariffs if negotiations sour. While markets are rallying on encouraging comments from the White House, the uncertainty companies faced just days ago “has not gone away.” You might also like:Is the Bitcoin rally losing steam at key Fibonacci resistance?

Uniswap Foundation’s 2024 financials show nearly $5.8 million in spending on salaries, audits, events, and admin, offset by $1.11 million in revenue. In 2024, the Uniswap Foundation, a non-profit organization behind the crypto exchange platform, spent $5.79 million to run its operations while bringing in $1.11 million from donations, dividends, and interest. According to the Foundation’s latest financial breakdown, payroll made up the biggest chunk of the budget at $3.13 million, which covered salaries, benefits, and taxes. Another $1.68 million went toward professional services like legal advice, accounting, and technical audits. Uniswap Foundation’s 2024 ops expenses | Source: Uniswap Foundation Advertising and marketing costs totaled roughly $290,000 and were used for things like web design, agency work, and event hosting, the report reads. “2024 marked a critical inflection point for the Uniswap Foundation, as we laid the groundwork for ecosystem alignment and value capture. Over the past year, Uniswap Foundation initiatives drove the growth and activation of the Uniswap developer community, accelerating the social and governance infrastructure that sustains them.” Uniswap Foundation’s head of finance Natalia Ra You might also like:Polkadot’s multi-million marketing expenses spark fury in blockchain community The Foundation also spent around $174,000 on external events, including travel and attendance at conferences. Office expenses such as software, transaction fees, and internal team events like offsites came in at approximately $116,000. Insurance — mainly directors and officers coverage — was another $290,000, while smaller outlays included nearly $116,000 for hackathons. Uniswap Foundation’s 2024 ops expenses | Source: Uniswap Foundation By the end of the year, the Foundation still had a healthy reserve: $29.8 million in fiat and stablecoins, plus 0.59 million of Uniswap’s UNI (UNI) tokens, which are set aside to keep things going — grants, day-to-day operations, and team incentives — through 2025. On the grant front, the Foundation committed $14.8 million in 2024 and actually paid out $9.9 million of that, including $3.1 million in the fourth quarter alone. Developer support was a major focus, with $4.59 million going toward programs that helped onboard over 1,000 new Uniswap developers through Uniday and hackathons around the world. Other big-ticket items included $2.19 million for research grants, and $1.54 million for governance work, the report reads. Read more:Consensys, Solana, Uniswap were among the companies donating $239 million to Trump’s inauguration, filings show

SEI has finally broken free from a prolonged falling wedge pattern, marking its first higher high in weeks. A key technical retest now sets the stage for a potential bullish continuation. SEI (SEI) had been trapped in a falling wedge structure for an extended period, consistently printing lower highs and lower lows, classic signs of a downtrend. However, a recent breakout has shifted the narrative. For the first time in weeks, SEI has posted a higher high, indicating a technical reversal and suggesting the early stages of a new bullish market structure. Key technical points Bullish Breakout:SEI has broken out of its falling wedge and confirmed a higher high, suggesting bullish reversal. Retest Zone:Price is expected to revisit the 0.618 Fibonacci retracement at the value area low to form a higher low. Upside Potential:If a higher low is confirmed, a move to the range high could offer an 80% upside from current levels. SEIUSDT (1D) Chart, Source: TradingView Detailed analysis The falling wedge pattern that constrained SEI for several weeks has finally given way. With the breakout, price action not only escaped the downward sloping resistance but also managed to set a higher high, a move that confirms a potential shift in market structure from bearish to bullish. What comes next is equally critical. For the breakout to be validated and sustained, SEI must now establish a higher low, ideally near the 0.618 Fibonacci retracement, which aligns with the value area low of the current range. This area is a prime zone for support and represents a technical sweet spot where bullish momentum could resume if buyers step in. You might also like:Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users Volume behavior will be a critical element to monitor. A rise in volume would support a bullish continuation and suggest growing confidence in the breakout. In contrast, a lack of volume may hint at a failed breakout or weak trend strength. If SEI can hold this potential higher low, the upside opens up dramatically. The range high becomes the next logical target, offering nearly an 80% move from the current region. This would place the asset in a much more bullish context and could attract additional attention from market participants. What to expect in the coming price action SEI is at a technical crossroads. A successful retest and higher low at the 0.618 Fib zone would confirm a new bullish structure and open the door for a major leg up. However, failure to hold this zone could invalidate the breakout and return price to previous range lows. Keep a close eye on volume and structure development as the next few candles unfold. Read more:Rich Miner aims to help 5 million users earn through cloud mining in 2025