Gate News message, April 23 — CryptoQuant's Bitcoin Bull Market Score Index has rebounded to the neutral level of 50 for the first time since Bitcoin declined from its high of $126,000, signaling a potential shift from bear to neutral market conditions. The index, which synthesizes ten on-chain

Trader Killa raised his BTC short stop-loss to $83,000 from $80,000 after a mid-April short at $74,688, signaling updated risk management as markets evolve. He predicted the May 2025 bull peak and has 180k+ followers. Abstract: The article notes that BTC trader Killa increased his short-stop to $83,000 from $80,000 after a mid-April short at $74,688, illustrating updated risk management amid evolving market conditions. It also highlights his May 2025 bull-peak prediction and his 180k followers.

Grayscale research head Zach Pandl analyzes Bitcoin's rebound from a February low, using the realized price metric to show recent buyers at breakeven and hint at an early bull phase, with a reported bottom around $65k-$70k. Grayscale’s Pandl: Bitcoin hit ~63k in Feb, rose to ~76k; realized price ~74k shows recent buyers breakeven, hinting at early bull phase and a bottom around 65-70k.

Gate’s “Racing the Future” exhibition at Hong Kong’s Victoria Harbour attracted a large crowd and widespread attention, showcasing the new cars and equipment from the F1 Red Bull Racing team. The event will be held on April 20, featuring a Blue Carpet Ceremony and an anniversary gala dinner, providing opportunities for industry exchange and live streaming.

Jack Yi, founder of Liquid Capital, emphasized the importance of capital protection during bear markets due to frequent on-chain thefts. He recommended setting stop-loss and take-profit levels, and developing contingency plans to mitigate risks before the next bull market.

After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.

Affected by the U.S.-Iran ceasefire agreement, the cryptocurrency market rebounded noticeably. Bitcoin briefly broke above $72,700, then fell back to around $71,695, with a gain of 4.3%. Analysts said this rally may be driven by short-term liquidity, while the long-term outlook remains uncertain; investors should watch changes in the macroeconomic environment and the situation in the Middle East.

Gate will hold its 13th anniversary blue carpet ceremony on April 20 at K11 MUSEA in Hong Kong, with multiple industry guests and media in attendance on site. During the event, there will also be an outdoor special exhibition, and an anniversary banquet will be held that evening.

Clem Chambers指出 that in the future, the crypto market will no longer rely solely on token hype, but will shift toward real applications and long-term value creation. The market is moving toward tokenized assets and stablecoins, with attention on the ability of blockchain technology to deliver real-world implementation. Although speculation will still dominate in the short term, projects that truly have use value will become the core driving force for the future.