Gate News update. On April 13, Bitcoin hovered near $71k, Ethereum was around $2,190, and the overall crypto market weakened. The rebound driven by Middle East ceasefire sentiment faded, while the breakdown of negotiations between Iran and the U.S. and the escalation of tensions in the Strait of Hormuz pushed crude oil back above $100. Data showed that spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, and the liquidation scale was significantly lower than the level seen in the first quarter. Structurally, in the $70k to $80k range, about 13.5 million addresses are in unrealized losses, and the size of outstanding futures open interest has fallen by more than 50% from the 2025 peak.
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