BTR is driven by improved macro market sentiment and a rebound in mainstream assets, exhibiting high beta characteristics in the short term. It has broken above and stabilized at the upper range of $0.028. Recently, trading volume has continued to grow, establishing short-term momentum for upward movement. If the price continues to stay above $0.030, the upward space may extend to $0.032. However, divergences persist in the derivatives market, and caution is advised regarding the risk of retracement to the $0.028 support. It is recommended to use the combination of volume and price as a risk signal, monitor leverage and fund flows, and for risk-averse investors, set $0.028 as the stop-loss level, adjusting positions flexibly to handle volatility.

Recently, the Ethereum-to-Bitcoin ratio hit a three-month high, while both the stablecoin supply and network activity have risen, indicating a revival in market risk appetite. Bitcoin has continuously received hundreds of millions in ETF-level capital inflows, keeping prices above $74,000 and leading a broad rebound in major risk assets. Against this backdrop, BTR, as a high-beta asset, has also moved higher in tandem, with its price quickly rebounding from $0.0284 to $0.0306 and trading volume surging compared to previous periods, marking a clear improvement in market sentiment.

In Q1 2026, the Ethereum to Bitcoin price ratio (ETH/BTC) rebounded to 0.0313, a three-month high, indicating a recovery in the crypto market. Ethereum network users grew 82% year-on-year to 284,000, with transaction volume reaching 200.4 million. Stablecoin supply exceeded $180 billion, about 60% of the global market. Analysts suggest that if ETH/BTC closes above 0.035 weekly, it signals continued inflows into Ethereum and high-risk assets. Bitcoin remains above $74,000, supported by over $56 billion inflows into US spot Bitcoin ETFs.

Analysis: Ethereum-Bitcoin price ratio rebounds, overall crypto market recovers

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.

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

From the daily chart perspective, BTR previously fluctuated for an extended period within the $0.024–$0.028 range, but recently broke through the $0.028 resistance level and stabilized, with closing prices remaining above key moving averages for two consecutive days. Trading volume has surged significantly alongside the price rally, the short-term moving averages are forming a golden cross pattern, and momentum indicators also show increasing bullish pressure. If BTR continues to hold above $0.030, the next resistance area can be watched around $0.032.

Although mainstream assets have rebounded to some extent, funding rates in the derivatives market remain negative, and open interest and options demand reflect participants’ divergence regarding future direction, indicating that risk appetite has not fully recovered. If the broader market experiences increased volatility or is disrupted by macro negative news, BTR may quickly return to its $0.028 support level in the short term. Attention should be paid to trading volume and leveraged fund flows to guard against rapid pullbacks.

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.

Bitlayer

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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Bitlayer Price: BTR Live Price Today | BTR Market Cap & Chart Analysis | Bybit-ge

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BTR price today is 0.03, with a live price change of 8.34 in the last 24 hours. Convert, buy, sell and trade BTR on Bybit-ge.

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