Asia Colour - 7 Apr 25
1/ Markets are in turmoil as the global trade war escalates. U.S. equities were already under pressure last week, but crypto held up—until early Asia hours today.
$BTC plunged below $80k, bottoming at $74.5k. Over $800M in $BTC and $ETH liquidations have
2/ Volatility surged as traders rushed to hedge.
$BTC and $ETH Friday implied vols spiked above 85v and 130v, respectively. Meanwhile, the VIX shot past 60—an unmistakable signal of fear across risk assets.
3/ China’s stock market wasn’t spared either.
It suffered its worst single-day crash since 2008, likely in response to Friday’s shock move: a 34% tariff on all U.S. goods. The retaliation marks a dramatic escalation in the ongoing trade standoff.
4/ With just 2 days to go before new tariffs take effect on April 9, the world is teetering on the edge of full-scale economic war.
Surprisingly, over 50 countries have reportedly reached out to the U.S. to begin trade talks—scrambling to secure their seat at the table.
5/ President Trump remains defiant.
“I don’t want stocks to fall… but sometimes you have to take medicine,” he said. Confidence in the U.S. economy—and its credibility—is being tested. The next 48 hours will be critical.
Will this be the catalyst for a broader meltdown, or a
Read more: www.qcpgroup.com/insights/asia...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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