still waiting for cb to list #clanker
as u can tell i havent been too present in the market recently, simply because the niche i trade (base shitcoins) has been dead
there has been the odd runner every few days, but that doesnt justify spending so much time on the market for me… https://x.com/i/web/status/1897958174814355895 https://twitter.com/0xSleuth_/status/1896244411153150123

Twitter

In the tumultuous smoke of tariffs imposed by the Trump administration, Bitcoin has rewritten the narrative logic of traditional financial markets through an epic comeback. At 9:00 AM Beijing time on April 23rd, Bitcoin's price broke through $93,000, with a 7% increase within 24 hours, reaching a new high since March 7th. This breakthrough not only caused short sellers to be liquidated for $618 million in a single day but also reduced Bitcoin's 30-day correlation with US stocks to 0.65, the lowest level since 2023. Against the backdrop of the Nasdaq index plummeting 16% this year, Bitcoin has only pulled back 6%, gradually reshaping its market positioning as "digital gold"...

Bull market returns quickly? Bitcoin breaks through $93,900, why is the market soaring?

Here's the translation:

Sorting out the timeline, arranged according to Beijing time:
- 11:59 (early morning): Bessent came out saying that the current situation is unsustainable and will cool down (de-escalation) with China soon; Chinese concept stocks surged + gold slightly dropped + Nasdaq rose + BTC didn't move much.
- In between, there was a small interlude where Politico said that completing negotiations might take several months. Then the White House jumped out again (seemingly trying to maintain some positivity)
- Around 5:17 (after market hours), Trump said, I did not...

The stock market and the cryptocurrency market soared across the board. What happened last night?

Once Bitcoin breaks through the historical high point of $110,000, it is likely to surge.

Written by: Arthur Hayes, BitMEX Founder
Translated by: AIMan@Jinse Finance

For me, the Hokkaido ski season ended in mid-March this year. However, the lessons learned from the mountain can still be applied to President Trump's "tariff rage". Every day is different, with too many variables interacting - no one knows which snowflake or which turn of a ski board will trigger an avalanche. The best we can do is estimate the probability of an avalanche. A more accurate way to assess the slope...

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