Odaily News K33 Research analysts said that although the cryptocurrency market has been in a quiet upward trend in the past few weeks due to the US government's statements showing a moderate attitude towards tariffs and a slightly dovish stance from the Federal Reserve, with eight days to go until President Trump's "Liberation Day" (April 2), the volatility caused by tariffs may further intensify.
K33 research director Vetle Lunde and senior analyst David Zimmerman noted in a report on Tuesday that "US spot Bitcoin ETFs have seen net inflows for eight consecutive days, totaling $896.6 million, further highlighting that sell-side pressure is waning, while Strategy has resumed a large number of Bitcoin purchases. The most severe de-risking phase of BTC seems to be over, and the market is now returning to a wait-and-see attitude." Chicago Mercantile Exchange (CME) traders remain relatively passive and defensive, while offshore traders are slightly optimistic but "not completely bullish." Analysts believe that Bitcoin prices are relatively calm, seven-day trading volumes hit a five-month low, and leverage is low, but traders remain risk-averse as April 2 approaches. They said that as tariffs remain the main news affecting the market, the event "will be an important day for volatility."
It is understood that April 2 is the scheduled date for Trump to announce major reciprocal tariffs, a move that could rekindle activity in cryptocurrencies and broader financial markets. (TheBlock)