Overnight Highlights! Catch up in 1 minute | 4/08

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Geopolitics flipped overnight, and risk assets went on a rampage.

➡️ Crypto Market

$BTC surged past $72,000 on ceasefire news, up over 5% in 24 hours.

Shorts were liquidated for $430M — the rebound came fast and hard.

$ETH followed, breaking above $2,200 with gains near 6%.

One whale’s $22M short was forced to stop out with a $1.47M loss, then immediately flipped long — quick to admit defeat.

$SOL climbed to around $84.5, up about 5.5%, but still lacking strong market presence.

➡️ Global Equities

  1. Nasdaq futures extended gains to 3% as ceasefire expectations boosted risk appetite.
  2. Asian markets opened strong: Korea’s KOSPI surged 6%, Nikkei rose nearly 2%, and German DAX futures jumped 4.2%.

➡️ Commodities

Gold moved above $4,800/oz, up over $130 intraday (+3.2%).

Silver climbed near $77/oz, gaining more than 5% on the day.

WTI crude plunged 15%, dropping below $100 to around $94/barrel. War premium evaporated overnight — oil bulls are hurting.

Dollar Index (DXY) fell below 99, the lowest since March 23.

➡️ Macro Developments

  1. Donald Trump announced a two-week ceasefire with Iran, claiming major progress toward a long-term peace agreement. Iran’s supreme leader approved Pakistan’s mediation plan, and U.S.–Iran talks will take place in Islamabad on the 10th.

Markets finally get a breather.

  1. Fed Vice Chair Jefferson said the Iran conflict may push inflation higher short-term, but current rates are “well positioned,” with no urgency to adjust.

In other words: “wait and see.”

  1. FOMC March minutes will be released today. Markets are closely watching how the Fed frames stagflation risks. Fed funds futures imply only ~17 bps of cuts this year.
  2. Sam Altman is accelerating OpenAI’s IPO push, pledging $600B in compute investment. Anthropic released Claude Mythos Preview but kept it private, citing strong cyber offense/defense capabilities.

The AI arms race escalates again.

  1. Strategy added another 4,871 BTC (~$330M) at an average price of $68,000. Total holdings now reach 767,000 BTC.

Conviction level: extreme.

  1. BTC ETFs saw $471M net inflows in a single day — the strongest in six weeks. Institutional ownership has risen from 24% a year ago to about 38%.

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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