April 17 Afternoon Analysis First, on the Middle East side, the US-Iran negotiations have collapsed, and the US military has directly sealed the Strait of Hormuz, which is a 20% global oil transit route. Iran is not willing to show weakness either, responding strongly. The ceasefire agreement is until April 22, and even now, no extension has been agreed upon. There could be new developments at any time, so the risk premium on crude oil will fluctuate repeatedly. Bitcoin and altcoins will also fluctuate sharply with risk aversion sentiment. Next, let's talk about the yellow-haired guy: Powell recently spoke very hawkishly, saying he will not cut interest rates unless inflation clearly declines. A rate cut in June is basically unlikely, and possibly only once for the whole year. Moreover, on April 14, they started shrinking the balance sheet, reducing monthly bond purchases from 40 billion to 25 billion, tightening liquidity. This directly led to a strengthening dollar, with the yellow and white coins being suppressed, and the crypto market also coming under pressure. The White Paper overall performs calmly, with little volatility. In the short term, it is recommended to buy high and sell low! Range: 75,200-75,700, target 73,200-73,700. For medium to long term, first watch the 70,000 level; if broken, continue to look lower.

BTC & ETH ETFs keep attracting inflows 💸 But the real story = capital concentration BTC ETF +$26M inflow → heavily dominated by BlackRock IBIT IBIT alone pulled +$81M 🚀 Meanwhile: Fidelity FBTC -$36M Grayscale GBTC -$22M → capital rotating out of legacy funds into large, low-fee players ETH shows the same trend 👇 ETH ETF +$18M BlackRock ETHA leading inflows Grayscale ETHE still seeing outflows XRP ETF +$11M → no single dominant product, flows are more distributed Key takeaway: Institutional money is still entering the market 📈 But this is no longer “buy any ETF” phase → it’s about brand, fees, and liquidity Conclusion: ETF market is growing, but winner-takes-most dynamics are getting stronger 👀 #btc #eth