Recently, CBK has shown a volatile consolidation pattern, with increased fluctuations and a significant capital-driven effect influenced by Bitcoin deleveraging. There is current stage support at 0.246, and major upward resistances at 0.255 and 0.265. Trading volume is shrinking, so for short-term direction, attention should be paid to the synchronization of volume breakout and price breakout. In the medium and long term, institutional capital inflow and macro risk appetite provide support for CBK’s price. However, in the short term, it is disturbed by global liquidity and geopolitical factors. Operationally, it is advised to focus on the effectiveness of the 0.246 support; a breakout above 0.255 can be moderately long, while before any breakout, treat it as a range-bound situation, control position size, and capture structural opportunities.

Since April 7, CBK prices have experienced significant volatility accompanied by a surge in trading volume, reaching an intraday high of 0.2858 before quickly falling back to around 0.25. This volatility is closely related to deep deleveraging in the Bitcoin futures market. The scale of open interest in Bitcoin dropped sharply, market leverage was low, and thus even a small amount of capital inflow could significantly amplify price swings. CBK, in the short term, showed a classic 'false breakout' pattern, rising and then falling back during the period of improved risk appetite in the overall crypto market, reflecting that market participants have not yet reached a consensus on the future direction.

Bitcoin futures open interest has halved from $42 billion in October 2025 to $21 billion, indicating a deep market deleveraging. Current low leverage means even small capital inflows can significantly impact prices. Funding rates have fluctuated sharply between -12% and +7%, showing rapid shifts in market sentiment. Despite ongoing geopolitical tensions, no major liquidations have occurred since early February, reflecting a healthier position structure. Bitcoin awaits a clear directional trend amid heightened market sensitivity.

Analysis: The market has undergone a round of deep deleveraging, and Bitcoin is waiting to choose a direction.

On April 9, Bitcoin saw a significant surge in price, leading all major risk assets, as Middle East geopolitical tensions eased. CBK also rose in sync, reaching a high of 0.291 that day, but then pulled back to fluctuate between 0.24 and 0.26. This suggests that speculative sentiment was oscillating between profit-taking and bottom-fishing forces. During this stage, bulls were watching for the driving power brought by improved market risk appetite, while bears were wary of profit-taking pressure in the previous high area.

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.

Recent daily charts show that after pulling back from a high of 0.291, CBK is consolidating around the 0.25 level. The 0.246 area below has been tested multiple times and has formed solid short-term support. Resistance at 0.253–0.255 marks the initial hurdle of this rebound, and a breakthrough could lead to a retest of the 0.261–0.265 pressure zone. Trading volume has continued to shrink since the peak, indicating a balanced struggle between bulls and bears. Going forward, watch for confirmation signals of direction breakouts accompanied by an expansion in trading volume.

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.

In the medium to long term, global macro conditions and institutional capital flows still provide support for CBK. With eased US–Iran relations and persistently hawkish Fed policy, investors have a structural demand for high-risk assets, and crypto assets are receiving favor from institutional inflows and public fund allocations. Nevertheless, macroeconomic policy uncertainties remain, requiring close attention to market sentiment towards risk assets and liquidity changes in order to seize potential medium- and long-term positioning opportunities within the consolidation.

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

Cobak

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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CBK price today is 0.25, with a live price change of 1.09 in the last 24 hours. Convert, buy, sell and trade CBK on Bybit-eu.

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