Past 7-day On-Chain Flow: Bitcoin Net Outflow of $165M

On April 7th, based on Coinglass data, following several days of consecutive decline, the volatility of Bitcoin has slightly picked up and is now at 2.74%. The previous local high point of volatility witnessed on March 24th was 3.67%. High Bitcoin volatility is commonly associated with speculative trading and the retail FOMO sentiment. When volatility subsides, it may suggest a decrease in short-term speculators, the market entering a consolidation phase or a "cooling-off period." Additionally, Bitcoin price fluctuations are often tied to macroeconomic events such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, the volatility of Bitcoin may decrease accordingly.

On April 7th, as per 4E monitoring, a tariff storm is sweeping across the globe. Market panic is widespread, and the sell-off of risk assets is intensifying. After a nearly 10% decline last week, US stock futures plummeted at the opening on Monday. S&P 500 and Nasdaq futures once fell by more than 5%. As of the time of writing, the declines have narrowed. The S&P 500 and Nasdaq have dropped by 2.39% and 3.17% respectively, while Dow futures have fallen by 2.42%. The Asia-Pacific stock market also experienced a sharp drop at the opening. The Nikkei Index plunged by 8.1%, the South Korean KOSPI Index fell by 5.14%, the three major A-share stock indexes all dropped by more than 4%, and the Hong Kong Hang Seng Index opened down by 9.28%. The cryptocurrency market witnessed a widespread plunge, closely following the performance of US stocks. Bitcoin traded in a narrow range around $83,000 over the weekend. However, early on Monday morning, it began to consecutively break through key suppor

On April 7th, according to Coinglass data, the current funding rates of mainstream CEX and DEX have intensified the bearish sentiment in the market. The specific funding rates for major coins are presented in the image below. BlockBeats Note: The funding rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

April 7th. According to the most recent report provided by Goldman Sachs, the firm has adjusted downward its projection for the growth rate of US GDP in Q4 2025 to 0.5% and raised the 12-month recession probability from 35% to 45%. This determination was made because of a significant tightening in the financial circumstances, foreign consumer resistance, and the escalating uncertainty of policies. These factors may suppress capital spending and potentially exceed the previous assumptions. (FXStreet)

On April 7th, as monitored by Onchain Lens, a whale faced liquidation. It provided 292.77 WBTC (approximately $23.05 million) and 964.39 COMP (approximately $38,000) to borrow USDT and DAI, and the liquidation price was $76,284.

On April 7th, according to Token Unlocks data, MOVE, APT, and AXS are set to experience significant unlocks this week (all in Beijing time). Specifically: - MOVE will unlock approximately 50 million tokens at 20:00 on April 9th, accounting for a percentage of the circulating supply of 2.04% and having a value of around $16.23 million. - APT will unlock approximately 11.31 million tokens at 16:00 on April 12th, with a percentage of the circulating supply of 1.87% and a value of approximately $49.54 million. - AXS will unlock approximately 9.09 million tokens at 21:10 on April 12th, representing a percentage of the circulating supply of 5.67% and being worth approximately $22.73 million.