Analyst: The short-term pain in the market may be exaggerated, follow the policy direction of the new SEC chairman.

BlockBeats News, on April 11, according to TheBlock, the March CPI year-on-year increase announced yesterday fell back to 2.1%, the largest monthly decline since 2020, providing room for the Federal Reserve's May monetary policy meeting to pivot. BRN analyst Valentin Fournier noted that "easing inflationary pressures may prompt the Federal Reserve to cut interest rates and ease financial conditions, and Bitcoin also stood firm at $80,000 after yesterday's CPI data, but spot ETFs recorded a sixth consecutive day of net outflows, the longest outflow since February, reflecting the market's struggle to sustain sustained bullish momentum." But on the positive side, Wall Street crypto funds may be on the verge of an inflow of funds, and multiple tailwinds are converging, including cooling inflation, peak tariffs, and expectations of regulatory easing brought about by the inauguration of new SEC Chairman Paul Atkins." Just as the market was digesting the benefits of inflation, the U.S. bond market sounded the alarm. The US 10-year Treasury yield broke above the 4.5% mark, hitting its highest level since 2022. Bond yields have an inverse relationship with prices, with the spike in yields reflecting investors' deep concerns about the government's ability to service its debts. Mike Cahill, CEO of Douro Labs, said in an email: "The complex picture of low inflation data, bond market crash and 90-day tariff moratorium exposes the structural imbalances in the global economic system." Despite the Trump administration's announcement of a 90-day moratorium on new tariffs, market concerns have not eased, with Mike Marshall, head of research at Amberdata, noting: "The appeasement effect of tariff pauses is grossly overestimated, and the current trade war continues to heat up. This policy uncertainty is reshaping capital flows, and in the long term, it is predicted that funds will shift away from fragile bond markets and into the digital asset space with practical utility and programmable stability." Faced with the twin signals of cooling inflation and the bond market crisis, the Fed's decision-making balance is swinging. BRN analyst Valentin Fournier believes that the short-term pain may be exaggerated, and there is room for positive mediation in trade tensions, with a breakthrough on the horizon in the coming weeks. However, the market is more focused on structural shifts – the new SEC chairman's policy orientation is likely to be a key variable, and the promised "crypto-friendly regulatory framework" could inject institutional confidence into the cryptoasset market if it goes ahead as expected.