Gate Research: Weekly Report for VIPs: Risk Appetite Rebounds; Polymarket Posts Strong Profits (April 6–12, 2026)

Bitcoin has formed a broad consolidation base and rebounded strongly, with the $68,000–$69,000 range acting as a solid near-term support zone. Ethereum has shown slightly greater resilience and signs of relative independence. Cross-chain capital flows have taken on a clear one-way pattern, with funds rotating out of holding-oriented ecosystems such as Arbitrum and Ethereum into trading- and event-driven venues represented by Hyperliquid and Polygon PoS. This shift points to a broader transition from a positioning-driven market to a more trading-driven, high-frequency environment. After introducing fees, Polymarket posts strong profits, with weekly fees surpassing $10 million for the first time. Its business model is shifting from event-driven revenue to a more stable, transaction fee–driven model.