Gate Research: ETF inflows and short covering resonate, BTC and ETH enter a trend release phase.

A recent quantitative analysis report released by Gate Research indicates that after deleveraging in early March, the crypto market is transitioning from a period of low volatility consolidation to a phase of structural repair and trend release. BTC was the first to stabilize its price center, followed by ETH, which saw significant gains over the past two weeks, with increases of approximately 2.2% and 9.5% respectively, representing a recovery of 15.8% and 24.9% from its low to its high. Derivatives and capital structures show that this round of gains was mainly driven by ETF fund inflows and short covering, with the overall market remaining in a relatively moderate state of capital participation.