XCN is currently in a bottom consolidation range, with key price support at 0.00463. The 0.00482–0.00485 range serves as a secondary resistance above. The subsequent trend depends on whether the volume can break out this range. In the short term, caution is needed regarding the potential selling pressure from large-scale token unlocks. Pay attention to trading volume and turnover rate after the unlock to gauge how the market is absorbing selling pressure. Due to a rebound in macro risk appetite and liquidity spillover effects, medium-term sentiment is likely to improve. It is recommended to accumulate on dips and closely monitor resistance breakouts and trading changes. For short-term operations, be mindful of potential volatility after unlocks.

Recently, Bitcoin has consecutively broken through the $72,000 and $74,000 levels. With easing tensions in the Middle East, derivative market funding rates have rapidly shifted from persistent bearishness to neutral or even slightly bullish, indicating increasing market risk appetite. Against this backdrop of style rotation, as a small-cap token, XCN is expected to benefit simultaneously from liquidity spillover, providing sentiment support for its mid-term rebound.

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.

As of April 8, with Bitcoin surpassing $74,000, data from Coinglass shows that funding rates on major centralized and decentralized exchanges indicate a significant weakening of bearish sentiment, with many rates returning to neutral. Funding rates, used to balance perpetual contract prices with underlying assets, reflect market sentiment: rates above 0.01% suggest bullishness, while rates below 0.005% indicate bearishness.

The current mainstream CEX and DEX funding rates indicate a significant weakening of the bearish market sentiment.

Since mid-March, XCN's price has been consolidating within the narrow 0.00475–0.00500 range. After hitting a local low of 0.004667 on April 12, it began to trend upward, closing at 0.004786 on the 16th and recovering part of its drop in the short term. Trading volume shrank during consolidation but saw notable increases during the rebound. Technical indicators show the price is firmly supported at 0.00463, while the 0.00482–0.00485 range acts as a dense trading area and prior high. Whether XCN can effectively break through this level will determine its next direction.

According to disclosures, XCN will undergo a large-scale token unlock from April 15 to 18. Although the exact amount was not specified, multiple token unlocks during the same period often lead to concentrated short-term selling pressure. Given that current prices are consolidating in a narrow range, the post-unlock increase in selling could weigh on prices. Traders need to monitor trading volumes and holdings changes in the days following the unlock to assess how the market is absorbing the selling pressure.

This week, several tokens including CHEEL and DEP will experience large-scale token unlocks. CHEEL will unlock 6.42 million tokens on April 13, valued at $2.67 million (0.82% of circulating supply), and DEP will unlock 1.7 billion tokens on April 14, valued at $1.91 million (6.90%). Other tokens such as XCN, CONX, STRK, ARB, DBR, KAT, and YZY will also have significant unlocks between April 15 and 18.

This week, tokens such as CHEEL and DEP will experience large token unlocks.

On one hand, an online event discussing the rotation rhythm between traditional finance and crypto assets has triggered heated discussions, with traders showing greater focus on cross-market allocation. On the other hand, after a major deleveraging in Bitcoin futures positions, the low-leverage feature means that even small-scale inflows can trigger price volatility. Within this financing structure, if Bitcoin maintains an upward trend, it will inevitably attract more incremental funds into the market, with some flowing into small-cap tokens like XCN, potentially providing a marginal benefit.

Decentralized contract trading platform SunX will host a livestream at 8 PM (UTC+8) titled "Bull and Bear Crossroads: TradFi Heating Up, Crypto or US Stocks?" Crypto KOLs including Jack C., Maomaojie, DaDa, Shiziyang|Golden.S, and Qiurong will discuss the divergence between US stock and crypto markets, capital rotation between traditional finance and crypto assets, trading strategies, risk control, and future opportunities and asset allocation.

TradFi heats up, Crypto fluctuates: SunX will live stream today to discuss current market investment strategies.

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.

Onyxcoin

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.

Bybit-eu

Live chart for Onyxcoin to USD conversion. Check out XCN to USD prices in real time. Convert, buy, sell, and trade Onyxcoin on Bybit-eu.

Onyxcoin Price: XCN Live Price Today | XCN Market Cap & Chart Analysis | Bybit-eu

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