Secondary Market Daily Report 20260402

Market Trend

The crypto market is currently stuck in a deep emotional trough, with the total market cap having clearly fallen from its high. Driven by macro uncertainties such as Trump’s tough remarks about Iran, capital is accelerating into defensive assets. Bitcoin has been repeatedly tugging around the $66,000 area, and the market overall is on the verge of liquidity exhaustion. Although institutions like Metaplanet are still adding positions against the trend, falling miner computing power and geopolitical turbulence create heavy fundamental pressure, and the entire market is waiting for clear external catalysts to point the way.

Mainstream Coin Analysis

BTC
In the short term, selling pressure is weighing on the price and it has pulled back to around $66,000. Although institutional demand remains, the data showing Q1 miner computing power down 20% reveals increasing pressure on underlying costs. Technically, if the $66,000 support level breaks, watch for an extreme downside “needle-insertion” move to the $59,000 range. In terms of strategy, a short/sell-the-rip approach is suggested: the reference resistance level is $69,000, and closely monitor how the logic is reshaped by the AI miner stock transformation.

ETH
As the “best solution” in the on-chain ecosystem, ETH still receives passive buy-side support from hackers and institutions, with relatively strong value-preservation attributes. However, dragged down by the overall market, it has already fallen to around $2,011. If it breaks below the $2,000 whole-number level, it could trigger a new round of panic selling. In the short term, focus on the $2,200 resistance level; it’s recommended to use a defensive strategy with staggered entries in the current range.

SOL
Recently, SOL is facing a real test of sell pressure: more than 2.6 million tokens’ staking unlocks are due, and on top of that, Drift hackers’ liquidation needs have pushed the price down to around $78. Although large holders have taken some capital out, bottom-fishing accumulation signals over the long term have begun to appear. In the short term, it’s expected to keep oscillating and probing for lows; after the sell pressure is fully digested, look for opportunities to build positions at lower levels.

BNB
Quoted at about $590, it’s constrained by the market-wide risk-off sentiment. While the early signs of a bullish divergence have appeared on the daily timeframe, and its position as a core smart contract platform remains solid, the overhead pressure around $620 is still heavy. If it can hold the current support zone, BNB has a strong rebound opportunity. Keep short-term trading restrained and wait for market sentiment to stabilize.

Hot Coin Updates

TAO
The core behind the AI infrastructure boom—April could see it break to new highs. As subnets continue to expand and strengthen the underlying compute power supply, TAO’s token emission and staking-linked mechanism is being deeply restructured, reshaping its price logic. With an extremely cohesive community and an institutional-level AI narrative, TAO is one of the very few assets on the current board that has independent upward logic. Consider long-term attention to the long positions opportunities driven by growth in its network utilization.

HYPE
The deflationary buyback-and-repurchase mechanism is gaining momentum, and the token holder structure is becoming healthier. The team has recently shown a strong intention to support prices by reducing unlocks and carrying out buyback-and-burn operations at a daily scale of 2 million. Although short-term price action is disturbed by large staking redemptions, the buy-side absorption at low levels is very strong. A pullback is a chance to position—expect it to keep rising as the Hyperliquid ecosystem bursts.

PENGU
Physical merchandise and financial instruments are both breaking into new audiences. Through physical marketing such as a 3.5-foot giant plush toy, combined with a Visa debit card with a 7% yield rate, PENGU is making the leap from the crypto circle to Web2. Recently, its launch on Coinbase in New York and its partnership with VanEck have significantly improved liquidity premium. Given that its MMO game is about to go live, it’s recommended to watch for buy opportunities after a pullback.

ZEC
A leader in privacy and security, and a core competitor in the post-quantum arena. With zk-SNARKs technology, ZEC has demonstrated extremely high premium potential on the privacy hedging track. Large-holder capital continues to flow in currently; although the short-term trend is choppy, amid the backdrop of current geopolitical turbulence, its hedging value as a privacy asset is being rediscovered by the market. It’s recommended to look for entries in lower market-cap ranges and you can look forward to its long-term appreciation potential.

The information above is automatically generated by @xhunt_ai and does not constitute investment advice.