Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.

On April 8th, a new study showed that the number of people in Singapore owning cryptocurrencies is increasing, with young users leading the way in using cryptocurrencies to meet daily financial needs such as online shopping and paying bills. The number of Singaporean residents owning cryptocurrency is increasing, and by 2024, the proportion of those owning digital assets will reach 26%, up from 24.4% in 2023. Among those who hold cryptocurrency, the majority (52%) have already used cryptocurrency to purchase goods and services, with 67% planning to increase their use of cryptocurrency for payments in the future. In addition, Generation Z and Millennials (i.e. those aged between 16 and 44 as of 2025) are leading in cryptocurrency holdings, with approximately 40% of them holding cryptocurrencies. Among this group of people, 41.1% use cryptocurrency for online shopping, 35.9% use cryptocurrency to pay bills, and 27% use cryptocurrency to purchase in store retail goods. (Straits Times)

The current price is below the EMA24 and EMA52 moving averages, with a weak mid to long term trend, while the chip distribution shows strong resistance near 1800 above, indicating significant pressure. Based on the exclusive chip distribution indicators for members, we found that the chips in the current price range are sparse, but the chips in the high price range are dense, indicating that it is difficult to break through the upward trend. At the same time, the 4-hour K-line pattern showed a top split and a cross star, further confirming the bearish signal in the short-term market. The trading volume has shrunk to a recent low, the upward momentum is insufficient, and prices are easily suppressed and fall back. Activate membership immediately, unlock chip distribution indicators, and accurately capture support resistance! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to 97.7 million US dollars. Among them, BTCW was the largest outflow, with a net outflow of 0 million US dollars per day; Next is GBTC, with a total of 74 million US dollars. And the grayscale GBTC outflow was 74 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

Odaily Planet Daily News: According to SoSoValue data, yesterday (April 7th Eastern Time), nine Ethereum spot ETFs had no net inflows or outflows throughout the day, showing a zero change state. As of the time of writing, the total net asset value of the Ethereum spot ETF is $5.263 billion, and the ETF's net asset ratio (market value compared to Ethereum's total market value) is 2.78%. The historical cumulative net inflow has reached $2.359 billion.