K33 Research: The news of tariffs on April 2 may increase volatility in the crypto market, and traders still tend to stay on the sidelines for risk aversion

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MarsBit
03-26
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Mars Finance News: K33 Research analysts stated that although the cryptocurrency market has been in a calm upward trend in recent weeks due to the US government's moderate tariff stance and slightly dovish Federal Reserve position, with eight days left until President Trump's "Liberation Day" (April 2), volatility caused by tariffs may further intensify. K33 Research Director Vetle Lunde and Senior Analyst David Zimmerman noted in a Tuesday report that "the US spot BTC ETF has seen net inflows for eight consecutive days, totaling $896.6 million, which further highlights that selling pressure is weakening, while Strategy has resumed large BTC purchases. The most severe de-risking phase for BTC seems to have ended, and the market has now returned to a wait-and-see attitude". CME traders remain relatively passive and defensive, while offshore traders are slightly optimistic but "not entirely bullish". Analysts believe that BTC prices remain relatively calm, with seven-day trading volume hitting a five-month low and leverage rates low, but traders still maintain a risk-averse sentiment as April 2 approaches. They stated that since tariffs remain the primary market news, the event "will be a significant day for volatility". It is understood that April 2 is the scheduled date for Trump to announce major reciprocal tariffs, which could reignite activity in cryptocurrencies and broader financial markets. (TheBlock)

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