Crypto Assets Market Weekly Report: Bitcoin Breaks $86,000, ETF Fund Inflows Boost Rebound

This week, the price of Bitcoin showed an upward trend, opening at $82562.50 and ultimately closing at $86092.94, with a weekly increase of 4.28%. Although the trading volume has decreased for three consecutive weeks, the price is still gradually approaching the upper bound within the descending channel.

The Federal Reserve released dovish signals during this week's monetary policy meeting, suggesting that there may be two rate cuts this year and committing to timely intervention in the event of economic issues. This statement has boosted confidence in the market.

At the same time, the inflow of spot Bitcoin ETF funds is showing a positive trend, providing strong support for Bitcoin prices. After five consecutive weeks of net outflows, the ETF has finally welcomed a comprehensive net inflow this week, attracting approximately $1.05 billion in funds over five trading days.

The stablecoin market is also showing a positive trend, with a net inflow of $958 million for the week. Combining ETFs and stablecoins, the crypto assets market attracted nearly $1.95 billion in new funds this week, providing important support for the market.

In terms of the macro economy, the Federal Reserve maintained the benchmark interest rate, keeping the key lending rate in the range of 4.25% to 4.5%. Federal Reserve Chairman Powell stated that they have lowered the economic growth forecast and pointed out that specific tariff policies are the main factors driving up inflation. To stabilize the market, the Federal Reserve announced that starting from April 1, it will slow down the reduction of its balance sheet, adjusting the cap on the reduction of U.S. Treasury holdings from $25 billion per month to $5 billion.

These measures are interpreted by the market as a safeguard for the stock and bond markets. Although the economy faces stagflation risks, market sentiment has begun to stabilize. The dollar index rose by 0.25% over the week, and major stock indices also achieved slight gains. Meanwhile, risk aversion sentiment remains, with gold prices rising for three consecutive weeks, increasing by 1.23% this week.

In the Crypto Assets market, long-term holders increased their holdings by 73,000 Bitcoins this week, while the exchange's Bitcoin inventory decreased by nearly 7,000 coins. This indicates that long-term investors are recognizing the current price level. Market selling pressure has clearly weakened, dropping to 114,992 Bitcoins.

According to the cyclical indicators of a certain data analysis engine, Bitcoin is currently in a rising continuation phase. However, investors still need to closely monitor the U.S. personal consumption expenditures ( PCE ) data release next week, which may have a significant impact on the price trend of Bitcoin.

Overall, despite the many uncertainties the market still faces, Bitcoin performed exceptionally well this week, breaking through key price levels driven by multiple positive factors. Investors should continue to pay attention to macroeconomic data and ETF fund flows to grasp market trends.