TechFlow news, April 7 — Ryan Lee, Chief Analyst at Bitget Research, noted that due to uncertainties surrounding tariff policies and rising U.S. Treasury yields, volatility in the crypto market has intensified. BTC is expected to trade sideways in the short term between $68,000 and $85,000, while ETH faces a critical support test at $1,550, with a potential breakdown risking approximately $480 million in liquidations.
From a structural perspective, most miners use ASIC equipment for mining, which offers relatively low cost per unit of computing power. The average Bitcoin mining cost is around $60,000–$65,000, forming a key price floor. Meanwhile, on-chain activity for ETH remains sluggish, with gas fees staying low, reflecting weakened user engagement and fragile overall market sentiment.
Against the backdrop of ongoing macro headwinds affecting risk assets, the near-term trajectory of the crypto market will depend on how investors interpret policy shifts and the global liquidity environment. The coming weeks may prove crucial in determining the market's directional path.
