Gate Research: Majors Retreat with Panic Readings, ETH Treasury Names Lose Funding Bid

On April 13, BTC, ETH, and GT moved lower in tandem. BTC pulled back from around $73,000 to the $71,000 range, briefly testing support near $70,500 intraday. The Fear and Greed Index dropped to 12 from 16 the previous day, indicating the market remains in extreme fear, where rebounds are more likely to face profit-taking, with capital focused on position control and short-term trading. Top gainers were concentrated in high-beta small caps and rotating narratives. TRADOOR, INX, and XNY saw volume-driven gains, but with elevated volatility risk. Industry focus centered on miners deleveraging and diversifying revenue ahead of the 2028 halving, Europe’s MiCA driving banks and corporates to select stablecoin infrastructure, and the termination of Ether Machine’s SPAC merger weighing on financing sentiment for ETH treasury-related equities.