In the last two months, Bitcoin and Ethereum have been shaking like crazy amidst the Fed's hawkish stance and institutional fund battles. Bitcoin bounced back from 66K, spiking to 79K in April, marking the strongest monthly rebound of the year; however, due to high interest rate pressure and the hawkish nomination of Waller, it failed to break 80K multiple times. On April 30, the Fed kept rates unchanged, leading to a sharp drop, now hovering around 75K. Ethereum is even weaker, bouncing from 2K to 2.4K between February and April before retracing, overall lagging behind Bitcoin, with ETF funds flowing out and a lack of compelling narratives in the ecosystem.
Market shows: BTC stronger than ETH, institutional control, #不丹再转移102枚比特币 high volatility, fear sentiment rising. In the short term, still pressured by macro factors and liquidation risks; mid-term outlook depends on ETF funds, halving expectations, and Layer2 ecosystem developments. We're currently in a consolidation phase, direction is unclear, so leverage should be tightly managed.
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