Gate Research: BTC Reclaims $79,000, BlackRock IBIT Options OI Hits Record High

On April 27, the crypto market continued its recovery. Bitcoin reclaimed the $79,000 range and remained in high-level consolidation, while Ethereum rebounded with stronger elasticity. Overall, the market is still in a phase of structural positioning, with major assets continuing to dominate capital flows. In derivatives, both BTC and ETH are trading within narrow ranges as they await the upcoming FOMC catalyst, with short-term volatility strategies coexisting alongside medium-term directional structures. Altcoin activity has picked up but has yet to develop into a broad trend, as capital rotates from stabilized majors into mid- and small-cap narrative plays. AIOT, GWEI, and LDO respectively represent strength in AIoT/DePIN, Ethereum infrastructure, and the liquid staking sector. On the industry side, Aave’s handling of rsETH-related risks has entered a phase of multi-party coordination and execution. The center of Bitcoin options activity is shifting toward ETF channels, reinforcing institutional influence over pricing. Meanwhile, stablecoin market capitalization has reached a new high and is accelerating its expansion into payment and settlement use cases.