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According to ChainCatcher, the Bitcoin options market will see about $7.9 billion worth of options expiring this Friday, with approximately $395 million in call options concentrated around the $75,000 strike price. The current funding rate has turned negative, reflecting an overall bearish positioning in the market; if the price continues to hold above this key level, the potential risk of a short squeeze may intensify.

The premium for spot fuel oil in Asia generally retreated on Monday, with the market structure for both very low sulfur fuel oil and high sulfur fuel oil softening simultaneously. Although spot offer prices were adjusted down as the May loading date approached, overall trading momentum remained subdued.The time spread for the near-month contract recorded a narrower backwardation structure, reflecting a marginal easing in the market's pricing of short-term supply tightness. Institutional data shows that the very low sulfur fuel oil cracking spread has fallen below a premium of $10 per barrel, while the 380 viscosity high sulfur fuel oil cracking spread settled at a premium of $1.80 per barrel on Monday.Market sources pointed out that the supply side of high sulfur fuel oil remains ample, while very low sulfur fuel oil may face marginal tightening due to limited blending components, indicating a divergence in the supply and demand structure of the two.Official data released by China's customs on Monday showed that fuel oil exports in March surged 57% month-on-month to 1.93 million tons, hitting a three-month high, and increased by 10% year-on-year. The main export category was low sulfur marine fuel oil, while fuel oil imports in the same period fell 9% month-on-month to 2.43 million tons.As for other disruptive factors, Ukrainian drones once again attacked Russia's Tuapse port on the Black Sea, causing a fire. The U.S. continues to blockade Iranian ports, while Iran repeatedly imposes restrictions on transit through the Strait of Hormuz. The key route, which accounts for about one-fifth of global crude oil supply, remains largely paralyzed. Sharp volatility on the crude oil side is indirectly reshaping forward pricing expectations for the fuel oil market through cost transmission channels.

BlockBeats News, April 20th. Digital asset investment products recorded approximately $1.4 billion in net inflows last week, marking the largest single-week inflow since January this year and achieving the third consecutive week of net inflows. The total Assets under Management (AuM) rose to $155 billion, with a fund inflow ratio of 0.91%, reaching the highest level this year. Looking at individual assets, Bitcoin attracted approximately $1.116 billion in inflows, bringing the year-to-date cumulative inflow to $3.1 billion. Ethereum continued its recovery trend, with a weekly net inflow of $328 million, representing its best performance since January. At the same time, short Bitcoin products only saw a slight inflow of about $1.4 million, indicating limited hedging demand. On a macro level, the optimistic signal from the US-Iran ceasefire negotiations, combined with Bitcoin briefly surpassing $76,000, boosted market risk sentiment. The March CPI increased by 3.3% year-on-year, with a core CPI of 2.6%, indicating mild overall inflation pressure. Regionally, the United States led the fund inflows with a net inflow of $1.5 billion for the week. Germany saw inflows of $28 million, while Switzerland experienced outflows of $138 million, showing significant divergence. In other asset classes, XRP and Solana saw net outflows of $56 million and $2.3 million, respectively.