Since DEEP rebounded from $0.0249, its fundamentals have been driven by easing geopolitical tensions and revived risk appetite. In the short term, there has been a clear return of capital, and from a technical perspective, the price has successively broken above $0.032 and neared the $0.034 neckline. If it breaks out with high volume, the high point may extend to the $0.036–$0.038 range; conversely, if it falls below $0.030, beware of correction pressure due to momentum exhaustion. Attention should be paid to the persistent bearish bias in derivatives market open interest and funding rates as well as the lack of significant institutional accumulation. It is recommended to monitor volume-price coordination and key resistance breakout in the short term. Control your exposure before confirmation signals appear.

Over the past four weeks, DEEP saw a recovery from the $0.0249 bottom, closely mirroring Bitcoin’s rebound above $72,000 from its lows. The easing of regional conflicts and rising risk appetite amid increased Middle East tensions triggered a short-term capital inflow into high beta assets like DEEP. Observing trading volume, DEEP recorded more than 27 million in single-day trading volume on April 7 as Bitcoin surged in its first wave, followed by some pullback. However, on April 16, a high volume bar reappeared, with volume exceeding 53 million, indicating stronger bullish intent. Overall, the marginal improvement of macro risk events provided a short-term sentiment-driven upward impetus for DEEP.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

The Middle East ceasefire and US-Iran nuclear talks progress have eased geopolitical risks, pressuring oil prices and boosting global risk assets. The Nasdaq set a record 12-day winning streak, with tech and AI sectors attracting capital. Bitcoin rebounded above $74,000 amid steady ETF flows and balanced leverage liquidations. However, Democratic opposition delays Fed nominee Wash's hearing, increasing leadership uncertainty and market volatility risks.

Bitget UEX Daily Report | Hopes for Middle East Peace Rise, Nasdaq Hits Record 12 Consecutive Gains, Anthropic Releases New AI Model

From the daily chart, DEEP closed higher for two consecutive days on April 15 and 16, successfully holding above the $0.032 mark and refreshing the highs not seen since March 19. The current price is above the middle Bollinger band and is arranged in a bullish sequence with medium- and long-term moving averages. Short-term momentum is strengthening but still faces pressure around the previous high near $0.0338. If high volume persists and the $0.034 neckline is broken, the short-term trend could extend further to the $0.036–$0.038 range. Conversely, if it continues to decline and falls below the $0.030 support, caution is warranted for possible correction due to exhausted bullish momentum.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where price fluctuations may intensify due to negative gamma effects in the derivatives market. This level coincides with Bitcoin's 100-day moving average, previously a major resistance in January. Breaking above $75,000 could accelerate the uptrend, while a decline may increase downward pressure. The $80,000–$80,600 range marks a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks through a four-week high, key price range may intensify market volatility

Despite positive spot performance, the DEEP-related derivatives markets remain cautious. Overall, open contract size and funding rates are negative, indicating leveraged funds lack strong interest in further upside and are positioned defensively. Additionally, ETF inflows are balanced, with no significant burst of capital injection, reflecting that institutional short-term risk controls have not been fully lifted. In this environment, for bulls to push the price higher, more positive capital inflows are needed to offset the pressure from negative funding rates.

Bitcoin rose to around $74,935 during the Asian session, up 0.7% in 24 hours and 5.4% weekly, driven mainly by spot buying rather than broad risk appetite. Derivatives markets show caution: perpetual contract funding rates remain negative, open interest declines, and options indicate higher demand for downside protection. This suggests a rebound, not a trend reversal, amid ongoing risk aversion and cautious sentiment despite gains.

Analysis: Bitcoin strengthens along with US stocks, but the options market still bets on downside risk.

DeepBook

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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DeepBook Price: DEEP Live Price Today | DEEP Market Cap & Chart Analysis | Bybit-eu

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DEEP price today is 0.03, with a live price change of 0.44 in the last 24 hours. Convert, buy, sell and trade DEEP on Bybit-eu.

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