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Opinion: Unless fully holding BTC or stable coins, investors should stay actively attentive to market trends
Cryptocurrency analyst Miles Deutscher tweeted, "The mentality of avoiding problems is the biggest killer in the crypto industry." He admitted to losing millions of dollars during this cycle due to neglecting to lock in profits and failing to recognize risk signals in time. He pointed out that when the market is good, it's easy to let your guard down due to enthusiasm; but when the market is low, you may overlook portfolio management because of avoidance psychology, missing buying opportunities or necessary risk aversion.
Miles shared a personal example where he had foreseen a weakening trend for the dollar but failed to hedge adequately, resulting in significant losses on foreign exchange trades. He emphasized that action is more important than opinion in investing and advised investors to remain objective and continuously assess risks and opportunities. He also mentioned that avoiding looking at loss-making portfolios might be a manifestation of avoidance psychology, but this would only exacerbate problems as portfolios need continuous management. In his view, unless completely holding BTC or stablecoins, investors should stay actively engaged with market trends.
Cryptocurrency analyst Miles Deutscher tweeted, "The mentality of avoiding problems is the biggest killer in the crypto industry." He admitted to losing millions of dollars during this cycle due to neglecting to lock in profits and failing to recognize risk signals in time. He pointed out that when the market is good, it's easy to let your guard down due to enthusiasm; but when the market is low, you may overlook portfolio management because of avoidance psychology, missing buying opportunities or necessary risk aversion.
Miles shared a personal example where he had foreseen a weakening trend for the dollar but failed to hedge adequately, resulting in significant losses on foreign exchange trades. He emphasized that action is more important than opinion in investing and advised investors to remain objective and continuously assess risks and opportunities. He also mentioned that avoiding looking at loss-making portfolios might be a manifestation of avoidance psychology, but this would only exacerbate problems as portfolios need continuous management. In his view, unless completely holding BTC or stablecoins, investors should stay actively engaged with market trends.
BTC breaks through $84,000
The market shows that BTC has broken through $84,000, currently quoted at $84,011.99, with a 24-hour increase of 0.63%. The market fluctuation is significant, please manage your risk well.
The market shows that BTC has broken through $84,000, currently quoted at $84,011.99, with a 24-hour increase of 0.63%. The market fluctuation is significant, please manage your risk well.
Greeks.live: 26,000 BTC and 220,000 ETH options are about to expire, with implied volatility significantly increasing
According to data from Greeks.live, 26,000 BTC options and 220,000 ETH options have expired, with the maximum pain points being $84,000 and $1,850 respectively. The implied volatility has significantly increased, with BTC term volatility exceeding 50% and ETH maintaining around 65%. Market sentiment is low and the probability of a black swan event is increasing. The proportion of bearish option transactions and holdings continues to grow.
According to data from Greeks.live, 26,000 BTC options and 220,000 ETH options have expired, with the maximum pain points being $84,000 and $1,850 respectively. The implied volatility has significantly increased, with BTC term volatility exceeding 50% and ETH maintaining around 65%. Market sentiment is low and the probability of a black swan event is increasing. The proportion of bearish option transactions and holdings continues to grow.
BTC breaks through $83,500
The market shows that BTC has broken through $83,500, currently quoted at $83,542.47, with a 24-hour increase of 0.54%. The market fluctuation is significant, please manage your risk well.
The market shows that BTC has broken through $83,500, currently quoted at $83,542.47, with a 24-hour increase of 0.54%. The market fluctuation is significant, please manage your risk well.
FIL breaks through 3 dollars
The market shows that FIL has broken through $3, currently quoted at $3.01, with a 24-hour increase of 10.66%. The market fluctuation is quite large, please manage your risk well.
The market shows that FIL has broken through $3, currently quoted at $3.01, with a 24-hour increase of 10.66%. The market fluctuation is quite large, please manage your risk well.
CryptoQuant: Economic uncertainty intensifies, leading to a decline in demand for BTC and ETH, with the market focusing on non-agricultural data
According to CryptoQuant data, before Trump's speech, there was a significant influx of Bitcoin, Ethereum and XRP funds into exchanges, indicating that investors intended to cash out. The single block transaction volume of Bitcoin once reached 2500 BTC, the inflow of Ethereum into exchanges reached 80,000 ETH per hour, and the inflow of XRP into CEX reached 130 million within an hour, far exceeding the previous day's level of less than 10 million per hour. In addition, American CEX also observed an increase in Bitcoin deposits, especially from large holders.
CryptoQuant pointed out that economic uncertainty has led investors to close long positions and take profits. As a result demand for Bitcoin and Ethereum in the perpetual futures market has declined. The market is currently focusing on the US non-farm employment report due to be released on Friday. This report will provide insights into job growth trends unemployment trends and wage changes which could support a short-term rebound in the market.
According to CryptoQuant data, before Trump's speech, there was a significant influx of Bitcoin, Ethereum and XRP funds into exchanges, indicating that investors intended to cash out. The single block transaction volume of Bitcoin once reached 2500 BTC, the inflow of Ethereum into exchanges reached 80,000 ETH per hour, and the inflow of XRP into CEX reached 130 million within an hour, far exceeding the previous day's level of less than 10 million per hour. In addition, American CEX also observed an increase in Bitcoin deposits, especially from large holders.
CryptoQuant pointed out that economic uncertainty has led investors to close long positions and take profits. As a result demand for Bitcoin and Ethereum in the perpetual futures market has declined. The market is currently focusing on the US non-farm employment report due to be released on Friday. This report will provide insights into job growth trends unemployment trends and wage changes which could support a short-term rebound in the market.
The Ethereum spot ETF had a total net outflow of 3.587 million US dollars yesterday, marking the third consecutive day of net outflows
According to SoSoValue data, yesterday (Eastern Time April 3rd), the total net outflow of Ethereum spot ETF was $3.587 million.
The Ethereum spot ETF with the highest single-day net outflow yesterday was Bitwise ETF ETHW, with a single-day net outflow of $3.587 million. Currently, the total historical net inflow of ETHW has reached $314 million.
As of press time, the total net asset value of Ethereum spot ETF is $6.07 billion, and the ratio of ETF's net assets (the proportion to Ethereum's total market value) reaches 2.8%. The cumulative historical net inflow has reached $2.357 billion.
According to SoSoValue data, yesterday (Eastern Time April 3rd), the total net outflow of Ethereum spot ETF was $3.587 million.
The Ethereum spot ETF with the highest single-day net outflow yesterday was Bitwise ETF ETHW, with a single-day net outflow of $3.587 million. Currently, the total historical net inflow of ETHW has reached $314 million.
As of press time, the total net asset value of Ethereum spot ETF is $6.07 billion, and the ratio of ETF's net assets (the proportion to Ethereum's total market value) reaches 2.8%. The cumulative historical net inflow has reached $2.357 billion.
The Usual community has released the UIP-6 proposal, suggesting to raise the lower limit of USD0++ to 0.92 dollars
The RWA stablecoin issuer, Usual Community, has released the UIP-6 proposal titled "Maximizing Value for USUALx Holders", suggesting to raise the floor price of USD0++ from $0.87 to $0.92 and redistribute 47 million USUAL tokens collected from early redemptions to USUALx holders before the second quarter of 2025. The proposal points out that the USUALx ecosystem is facing unfair arbitrage issues which cause an estimated annual revenue loss of $11.1 million through early redemption mechanisms, reducing the value of USUALx by about 22%.
The RWA stablecoin issuer, Usual Community, has released the UIP-6 proposal titled "Maximizing Value for USUALx Holders", suggesting to raise the floor price of USD0++ from $0.87 to $0.92 and redistribute 47 million USUAL tokens collected from early redemptions to USUALx holders before the second quarter of 2025. The proposal points out that the USUALx ecosystem is facing unfair arbitrage issues which cause an estimated annual revenue loss of $11.1 million through early redemption mechanisms, reducing the value of USUALx by about 22%.
The Bitcoin spot ETF had a total net outflow of 99.8591 million US dollars yesterday, with only the BlackRock Bitcoin ETF IBIT achieving a net inflow
According to SoSoValue data, yesterday (Eastern Time April 3rd), the total net outflow of Bitcoin spot ETFs was $99.8591 million.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's Bitcoin ETF IBIT, with a single-day net inflow of $65.2542 million. Currently, IBIT's total historical net inflow has reached $39.91 billion.
Yesterday, the Bitcoin spot ETF with the highest single-day net outflow was Grayscale Bitcoin ETF GBTC, with a single-day net outflow of 60.2015 million USD. Currently, GBTC's total historical net outflows have reached 22.596 billion USD.
As of press time, the net asset value of Bitcoin spot ETFs is 92.178 billion USD, and the ETF's net asset ratio (the proportion of market value to total Bitcoin market value) has reached 5.64%. The cumulative historical net inflow has reached 36.137 billion USD.
According to SoSoValue data, yesterday (Eastern Time April 3rd), the total net outflow of Bitcoin spot ETFs was $99.8591 million.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's Bitcoin ETF IBIT, with a single-day net inflow of $65.2542 million. Currently, IBIT's total historical net inflow has reached $39.91 billion.
Yesterday, the Bitcoin spot ETF with the highest single-day net outflow was Grayscale Bitcoin ETF GBTC, with a single-day net outflow of 60.2015 million USD. Currently, GBTC's total historical net outflows have reached 22.596 billion USD.
As of press time, the net asset value of Bitcoin spot ETFs is 92.178 billion USD, and the ETF's net asset ratio (the proportion of market value to total Bitcoin market value) has reached 5.64%. The cumulative historical net inflow has reached 36.137 billion USD.
Michael Saylor: Bitcoin has the characteristics of a risk asset in the short term because it has the strongest liquidity
On April 4, Michael Saylor responded to the question "Bitcoin and U.S. stock trends are similar" on platform X, stating that Bitcoin trades like a risk asset in the short term because it is the most liquid, best-selling, all-weather asset on Earth. In times of panic, traders will sell what they can sell, not what they want to sell. This does not mean it has long-term correlation - it just means it's always available.
On April 4, Michael Saylor responded to the question "Bitcoin and U.S. stock trends are similar" on platform X, stating that Bitcoin trades like a risk asset in the short term because it is the most liquid, best-selling, all-weather asset on Earth. In times of panic, traders will sell what they can sell, not what they want to sell. This does not mean it has long-term correlation - it just means it's always available.