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According to Cryptoquant, the Bitcoin Comprehensive Market Index (BCMI), composed of MVRV, NUPL, SOPR, and the Fear and Greed Index, is currently testing a historically key pivot zone. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has fallen to the range of 0.2 to 0.3. While it does not guarantee an immediate "V-shaped" reversal, this area historically corresponds to deeply undervalued levels for BTC.Through data backtracking, BCMI confirms that the current pullback has reset realized value and market sentiment to levels not seen since the beginning of 2023; however, the 90-day moving average (white line) is still trending downward. From a conservative perspective, it is necessary to wait for this slope to flatten, which will signal the exhaustion of selling pressure. Additionally, analyst Woominkyu believes the market is entering a "value accumulation zone," where the downside potential is shrinking compared to the long-term upside potential. However, it is still necessary to wait for price stabilization to confirm the bottom signal of the index.

According to Jinshi reports, the S&P 500 index has turned down, indicating a weakening market sentiment.

JPMorgan analysts have stated that negotiations for the U.S. "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) have entered the final stages, with both sides reaching compromises on a few remaining contentious points. The number of disputes has been reduced from over a dozen to 2-3 core issues, with discussions on stablecoin rewards being "in a good place." While banks express concerns about stablecoins offering similar yields to deposits, there is an overall bipartisan compromise trend. JPMorgan believes that "there is no perfect bill," and once passed, the bill will provide important regulatory clarity for the integration of digital assets into the U.S. financial system.The "Cryptocurrency Market Structure Act" is currently in advanced negotiations in the U.S. Senate, with Senate staff stating that the draft is "very close" to resolution, but the final text has not yet been released, nor has a formal vote been scheduled. The remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification issues. Although optimism is rising, there is still a risk of delays due to the 2026 midterm elections, which could lead to a more uncertain political environment. If the bill is ultimately passed, it will delineate the regulatory authority between the SEC and CFTC, providing a long-term regulatory framework for stablecoins, DeFi, and the entire cryptocurrency industry.

Bitcoin rose to about $74,935 during the Asian session, up 0.7% in the last 24 hours and 5.4% for the week. However, the derivatives market is sending mixed signals. Institutional firm QCP Capital pointed out that this round of increase is mainly driven by spot trading, rather than a broad recovery in risk appetite.Currently, the funding rate for Bitcoin perpetual contracts remains negative, and open interest has decreased, indicating that short sellers are still increasing hedges rather than passively closing positions. The options market is also leaning towards caution: short-term implied volatility is sluggish, with one-month volatility lower than three-month volatility, and the risk reversal indicator shows that the market's demand for downside protection is higher than for upside bets, indicating that traders are more inclined to pay for potential declines rather than chase upward movements. QCP believes this is more of a "bounce" rather than a trend reversal.On a macro level, long-term U.S. Treasury yields and gold prices have not confirmed a recovery in risk appetite, with gold still near high levels, indicating that safe-haven demand remains. Institutions point out that the current market is more driven by expectations of a ceasefire and "emotional repair," rather than a core risk being alleviated. Additionally, Ethereum has shown relatively strong performance, with the ETH/BTC ratio rising to about 0.0315, combined with on-chain transaction volumes and stablecoin supply reaching all-time highs, indicating signs of capital rotating towards high β assets. However, the market still needs to observe the evolution of subsequent risk events to confirm the sustainability of this round of increase.

The themed forum "Crypto 2026: From Cryptocurrency to Smart Economy", sponsored by Monera Digital and co-hosted by ChainCatcher and RootData, is now in the final 5-day countdown. This forum has received joint support from partners such as Tencent Cloud, HashKey Chain, Alchemy Pay, Kite AI, Sentient, Sign, Predict.fun, Monad, Brevis, UXLINK, OneBullEx, SVP Chain, OmenX, TurboFlow, LOTUS, Mentis, NeoSoul, Swap315, and is scheduled to be held on April 19 from 14:00 to 18:00 (GMT+8) in Hong Kong.As one of the important peripheral activities of the "Hong Kong Web3 Carnival", this forum will focus on the paradigm shift under the deep integration of AI technology and cryptocurrency networks, engaging in in-depth discussions on cutting-edge tracks such as AI Agent economy, smart payments, RWA, and cryptocurrency infrastructure. At the intersection of technological leap and economic form reconstruction, this themed forum is not only an insight into the current state of the industry but also a forward-looking reflection on the future intelligent economic system.Event registration: https://luma.com/18v6vwpf

According to Gate market data, the three major U.S. stock indexes fell before the market opened, with the Nasdaq down 0.03%, the Dow down 0.13%, and the S&P 500 down 0.05%.The seven major tech stocks showed mixed results before the market opened, with Apple (AAPL) up 0.08%, Microsoft (MSFT) up 0.68%, Alphabet (GOOGL) down 0.29%, Amazon (AMZN) up 0.02%, Nvidia (NVDA) down 0.64%, Tesla (TSLA) down 0.49%, and Meta (META) up 0.14%.

According to Jinshi News, Joe Capros, head of the International Economics Department at the Commonwealth Bank of Australia (CBA), stated that the dollar index remains stable above 98, and the dollar is expected to continue benefiting from the slowdown in global economic growth.He pointed out that the global economy needs to adapt to the reduction in energy supply, and interest rate hikes will help align demand with supply.

The blockchain gaming infrastructure Lattice announced that it will gradually shut down its operations after five years, with its Layer 2 network Redstone ceasing operations on May 16, 2026, at 07:59.Lattice reminds users to withdraw their funds before this deadline, especially assets in contracts such as the Uniswap pool. After the shutdown, only L1 withdrawal contracts will be deployed for external account balance withdrawals, and the funds in the contracts will be irretrievable.It is reported that Lattice was founded in 2021 and developed tools such as the MUD framework, Redstone chain, Quarry, and Dozer, but failed to achieve a sustainable business model. The team will use the remaining funds for the final project DUST autonomous world, but the scale has not reached a level to support the business, and they do not believe that VC financing is the right path.

According to Gate market data, the Dow Jones Index opened down 257.87 points on April 13 (Monday), a decrease of 0.54%, reporting at 47,658.7 points; the S&P 500 Index opened down 18.24 points, a decrease of 0.27%, reporting at 6,798.65 points; the Nasdaq Composite Index opened down 65.18 points, a decrease of 0.28%, reporting at 22,837.72 points.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.22%, and the Nasdaq Composite down 0.26%. Goldman Sachs opened down 3.08% after releasing its quarterly earnings report; most large tech stocks fell, with Nvidia down 1.45% and Apple down 0.28%.

According to DL News, STS Digital's CEO Maxime Seiler stated that Bitcoin traders are increasingly positioning themselves for a price decline.In a report, he noted that the demand for put options is significantly higher than that for call options, with investors paying a premium for downside protection while selling off bullish bets, reflecting a sense of panic in the market. This bearish signal comes as Bitcoin's trading price hovers slightly above $70,000.Previously, Bitcoin fell nearly 4% over the weekend due to President Trump's threat to block the Strait of Hormuz. On Monday, the U.S. Central Command announced that the Navy would intercept all vessels entering or leaving Iranian ports starting at 10 AM Eastern Time, causing oil prices to rebound above $100 per barrel.High oil prices mean rising inflationary pressures, which will be a major focus for global central bank governors at their meeting in late April. The prices of risk assets like Bitcoin are highly dependent on the policies of these institutions, as they determine the money supply in the financial system. The unresolved Middle East conflict will remain a focal point for the market this week.

According to Gate market data, the three major U.S. stock indices fell before the market opened, with the Nasdaq down 0.81%, the Dow down 0.58%, and the S&P 500 down 0.68%.The seven major tech stocks generally declined before the market opened, with Apple (AAPL) down 0.75%, Microsoft (MSFT) down 0.54%, Alphabet (GOOGL) down 1.1%, Amazon (AMZN) down 1.29%, Nvidia (NVDA) down 1.39%, Tesla (TSLA) down 0.93%, and Meta (META) down 1.43%.

According to Gate market data, in pre-market trading of US stocks, star technology stocks generally softened, with Micron Technology down 1.7%, Broadcom down 1.5%, and both AMD and NVIDIA down 1.4%.

According to Jinshi News, European stocks opened lower across the board, with the Euro Stoxx 50 index down 1.02%, the German DAX index down 1.42%, the UK FTSE 100 index down 0.5%, the Spanish IBEX 35 index down 1.06%, and the French CAC 40 index down 0.89%.

American Philadelphia musician G.Love posted on the X platform that during the process of changing computers and reconfiguring Ledger, he mistakenly downloaded a malicious counterfeit application from the Apple App Store, resulting in the theft of his retirement funds, with approximately 5.92 bitcoins transferred all at once.On-chain detective ZachXBT subsequently stated that he had traced the flow of the stolen funds and pointed out that the relevant assets had been laundered through the recharge addresses of a centralized exchange (CEX). ZachXBT also questioned the review mechanism of the Apple App Store, claiming that there is an issue that allows counterfeit applications to be listed on the Apple platform, further amplifying the security risks to user assets. The incident has once again sparked market concerns about wallet security and the application ecosystem review mechanism.

According to Gate market data, the Dow Jones Index closed down 269.23 points on April 10, a decrease of 0.56%, at 47,916.57 points; the S&P 500 Index closed down 7.77 points, a decrease of 0.11%, at 6,816.89 points; the Nasdaq Composite Index closed up 80.48 points, an increase of 0.35%, at 22,902.89 points.

According to Gate market data, the S&P 500 index has turned down, with the latest decline reaching 0.2%.

According to CCTV News, to prevent Israel's military actions in Lebanon from interfering with the upcoming US-Iran negotiations, President Trump has asked Israeli Prime Minister Netanyahu to reduce the intensity of strikes against Lebanon.Reports indicate that Trump spoke with Netanyahu and "sternly" stated that while the US understands Israel's security concerns, Israel should slow down its military strikes against Lebanon to maintain the upcoming negotiations.A US official revealed that the duration of this call was "shorter than usual." The official stated that the Trump administration had never before requested Israel to slow down its military actions against Hezbollah in Lebanon. This pressure comes after Iran and mediator Pakistan accused Israel of violating the ceasefire agreement, and Trump is concerned that continued strikes could affect the US-Iran ceasefire and disrupt the openness of the Strait of Hormuz.

According to Gate market data, the Dow Jones Index opened down 17.53 points on April 10 (Friday), a decrease of 0.04%, at 48,168.27 points; the S&P 500 Index opened up 17.9 points, an increase of 0.26%, at 6,842.56 points; the Nasdaq Composite Index opened up 120.08 points, an increase of 0.53%, at 22,942.49 points.