Driven by a rebound in macro risk appetite and increased volatility of mainstream assets, GIGA’s short-term trading heat continues to rise. Currently, capital flow is significantly rotating toward AI and Meme sectors, and as a high-beta asset, GIGA exhibits flexibility as market sentiment heats up. Technically, $0.0022 is a key resistance level—if it breaks on rising volume, the rebound is likely to continue; attention should also be paid to the $0.0018 support below, as losing it could trigger short-term correction pressure. Investors are advised to combine changes in market risk appetite with range trading and dynamic position management, prioritizing market liquidity and the rotation pace of hotspot sectors in the short term.

Recently, market risk aversion has noticeably eased due to a temporary ceasefire in the Middle East and U.S. PCE inflation data meeting expectations, increasing the appeal of high-risk assets. With Bitcoin option long positions growing and the derivatives market holding higher expectations for future Fed rate cuts, capital flows have further expanded into small and mid-cap tokens. As a member of the high-risk asset sector, GIGA is likely to gain upward momentum amid the overall improvement in risk sentiment.

Bitcoin call options with an $80,000 strike price on Deribit have surged to over $1.6 billion in open interest, surpassing $1.41 billion in $60,000 put options, signaling a market shift amid improving sentiment. Analysts link this to a temporary US-Iran ceasefire easing oil prices and inflation concerns, boosting expectations for Fed rate cuts and benefiting risk assets like Bitcoin. Asset manager 21Shares notes that with ongoing ETF inflows and institutional holdings, Bitcoin could approach $100,000 by Q2 end if geopolitical and regulatory conditions improve, though risks remain if Middle East tensions escalate.

Analysis: Bitcoin $80K call options open interest exceeds $1.6 billion, market bets on a rally driven by a combination of trend reversal and rate cut expectations.

The latest US PCE inflation data met expectations, easing market uncertainty and stabilizing Bitcoin around $73,000. Core PCE rose 3% year-on-year and 0.4% month-on-month. Despite easing US-Iran tensions, potential energy price impacts remain unreflected. Investors remain cautious about Fed rate cuts. Economist Mohamed El-Erian highlights upcoming CPI data as more critical amid oil price volatility. Analyst Michaël van de Poppe maintains an $80,000 Bitcoin target if key support holds.

Analysts maintain an $80K Bitcoin target as PCE inflation data boosts market sentiment.

Bitcoin has repeatedly tested and briefly surpassed the $75,000 threshold, triggering the release of gamma effects in the derivatives market and resulting in greater volatility. This increased expectation of volatility not only raises trading activity in mainstream markets, but also tends to drive sector rotation. Against the backdrop of heightened volatility in mainstream assets, speculative capital’s willingness to allocate to high-beta assets like GIGA is strengthened, potentially propelling short-term gains.

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

Latest industry data indicates that both AI and Meme sectors led the market in the past 24 hours, each rising over 1%. The trend of hotspot concept rotation is evident, with trading activity concentrated in high-volatility, small-cap coins. As part of the Meme sector, GIGA is positioned to follow the market rhythm when capital flows into these varieties, and could experience concentrated volume-driven rallies under short-term sentiment.

According to GMGN data reported by ChainCatcher, the top 5 trending tokens in the past 24 hours showed significant changes: GiE8....ump surged +7,200% to $0.0002 with a $20K market cap and $4.49M trading volume; AOW rose +10.3% to $0.0014; SNIGGA dropped -99.7% despite $16.2M volume; ALONSHOUSE increased +351.8% to $0.0006; and RND soared +17,000% to $0.0005.

Data: GMGN Hot Sector 24h Increase Reaches +7.2K%

According to SoSoValue data reported by ChainCatcher, most of the cryptocurrency market saw gains, with AI and Meme sectors showing relative strength, rising 1.08% and 1.03% respectively in 24 hours. Notable increases include 0G up 14.95%, Worldcoin up 6.58%, and MemeCore up 4.45%. Bitcoin and Ethereum experienced slight declines, falling 0.37% and 0.43%, respectively. Other sectors showed mixed performance with minor gains and losses.

Data: Most of the crypto market is up, with AI and Meme sectors relatively strong, while BTC and ETH have slightly pulled back.

On the daily chart, GIGA hit a local high of $0.0022279 on April 16, accompanied by significant volume expansion, but closed below $0.002128, indicating concentrated resistance around the $0.0022 level. For short-term support, focus on the area near $0.0018, which served as a base multiple times between April 3 and April 6. If the price holds this support and breaks above $0.0022 on rising volume, the rebound may continue; if it falls below $0.0018, caution is advised for adjustment risk.

Gigachad

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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