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Weekly Recap Research

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Bitcoin Reaches Standing Above $78,000 After U.S. Senate Moves Forward Clarity Act Draft, US Stock Market Reaches New High

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Bitcoin is back above $78,000 after the US Senate passed a key issue on the return of stablecoins in the Clarity Act, which marks another milestone in the regulatory framework for digital assets in the US. The progress eased regulatory pressure and resulted in a resurgence of risk market sentiment. The S&P 500 also closed a new high, reflecting an investment climate that has returned to more risk-taking mode.

Although Bitcoin has previously faced pressure from geopolitical factors and market liquidity, this round of recovery reflects that investors are also giving weight to the positive factors of market structure and inflow of institutional capital. The progress of the Clarity Act is also seen as potentially a major turning point for the crypto industry in the long term because it enhances clarity. Increase regulation and reduce restrictions on the development of financial products related to digital assets in the future.

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April crypto hacks hit record highs, putting pressure on Bitcoin and Ethereum sentiment

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The crypto market is once again facing confidence pressure after April 2026 was reported to be the month of the highest number of hacks and attacks on crypto platforms on record, with a total damage value of more than $625 million, mostly in the DeFi sector as a result of massive attacks on multiple protocols, including KelpDAO and Drift Protocol, resulting in sentiment. Reinvest, reassess the security risks of the system.

The event directly affected market sentiment, especially Ethereum, which is highly linked to the DeFi system. While Bitcoin, despite being affected by sentiment as well, continues to show strength over other digital assets in the market. The overall picture reflects that security issues remain an important factor in the direction of capital and investor sentiment in the crypto market. 2026, especially at a time when market liquidity has yet to fully recover.

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Top Net flows

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April 27 — May 3, 2026 Capital flows on the blockchain network clearly reflect a shift in market sentiment, with Hyperliquid having its highest inflows in seven days at around $240 million, while Ethereum has inflows of around $60 million, reflecting investor interest that is also giving weight to the trading platform and liquidity in the Derivatives markets, the Starknet, OP Mainnet and Mantle segments have limited inflows, suggesting a more focused investment choice than a market-wide distribution of money.

Arbitrum, on the other hand, faces peak outflows at around $250 million, followed by Polygon PoS and Base, which still have continued capital outflows, reflecting the post-market adjustment of investor portfolios to volatility again. The outlook is consistent with the late-April market climate where investors remain cautious about liquidity. and risks in the DeFi system after security issues across multiple protocols have resulted in more of the coin flowing into an ecosystem with stronger activity and liquidity than medium chains or chains where momentum is beginning to slow down.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

During April 27 to May 3, 2026, the Crypto Fear & Greed Index recovered from around 27 in the Fear zone, rising to around 45 in the Neutral zone, reflecting that the crypto market sentiment is beginning to recover after the pressure in late April began to unravel, with the recovery of the index coinciding with the price of Bitcoin rebounding from around $75,000. The rally rebounded above the $78,000 level, indicating that buying power was beginning to return to the market after investors eased concerns about short-term volatility and cash flows from risky assets.

However, despite the improvement in the index, market sentiment has not clearly entered the Greed zone, reflecting that most investors remain cautious about macroeconomic factors and the liquidity direction of the global financial system. The overall picture during the period is therefore still a gradual recovery rather than entering a full-blown uptrend, with buying forces returning. It remains in a position to invest only in certain assets and await confirmation of the trend from additional fundamentals in the next phase.

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Bitcoin ETF Flow

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Bitcoin ETFs are quite volatile, with the beginning of the week facing continued outflows. On April 27, there was a net outflow of about $263.2 million, followed by April 28 and 29, with outflows of about $89.7 million and $137.6 million respectively, reflecting investor risk mitigation at a time when the market was still lacking new support factors. However, the picture began to change late in the day. The week of May 1 saw net inflows of about $629.8 million, representing a significant return of buying power from institutional investors.

The $532.3 million and $467.3 million, respectively, correspond to the recovery of the price of Bitcoin that once again rose above the $80,000 level. The overall picture reflects that investor sentiment is beginning to recover after the market went through a period of short-term selling force in late April, despite fluctuations from macro factors and liquidity in the financial system, but capital flows. From institutions, it remains an important support force for the direction of the market in the short to medium term.

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Ethereum ETF Flow

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The cash flow in the Ethereum ETF continues to reflect an uneven recovery, with late April seeing several consecutive days of net cash outflows, starting on April 27, with $50.4 million in cash outflows, before rising to about $87.8 million on April 29, reflecting investors continuing to weigh down their Ethereum investments amid the full market conditions. Gone with uncertainty, including sentiment pressure from the DeFi sector following security incidents in several previous protocols.

However, the overall picture began to recover in early May, with net inflows of about $101.2 million on May 1, followed by May 4 and 5, with inflows of about $61.3 million and $97.5 million respectively, reflecting that investor sentiment began to tilt back into the market once the short-term sell-off began to falter. Downwards. Even if capital flows are not as strong as Bitcoin ETF equivalents, the return of continued inflow in early May is a positive sign for Ethereum's direction in the short to medium term.

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Important news:

Strategy Temporarily Stops Buying Bitcoin for the First Time in Weeks  

XRP ETF MAKES RECORD FOR STRONGEST MONTH OF 2026  

April Crypto ETF Buoys Bitcoin, Ethereum, and XRP Flows Hit Year-High

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Source:

https://www.congress.gov/bill/119th-congress/house-bill/3633/text

https://www.galaxy.com/insights/research/clarity-act-update-final-push

https://cryptopotato.com/kelpdao-and-drift-lead-devastating-650m-crypto-hack-wave-of-april/

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Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

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WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel