The Nikkei 225 index fell 8.4%. After the KOSPI 200 index futures fell 5%, the Korea Exchange activated the KOSPI's sidecar suspension mechanism and suspended program trading for 5 minutes.
According to Ember's monitoring, a whale's total 67,500 ETH (about $105 million) mortgage loan position was completely liquidated when ETH fell to $1,650. Although it added 2,160 ETH at 1 a.m. to reduce the liquidation risk, ETH continued to fall and eventually triggered liquidation at 6 a.m. to repay its $74.4 million DAI loan.
According to Eleanor Terrett, White House officials revealed that federal agencies must report their cryptocurrency holdings to Treasury Secretary Scott Bessent by tomorrow (April 7, Eastern Time). However, the executive order only requires the report to be submitted to Bessent and does not force the public disclosure of audit results. It is unclear whether or when this information will be made public.
At the opening of Monday, Nasdaq futures fell by more than 5.5% at the beginning of the session, S&P 500 futures fell by more than 4.7%, Dow futures fell by more than 4%, and WTI crude oil fell by 4%. Spot silver fell by more than 2%. Non-US currencies fell, and the yen rose by more than 1% due to risk aversion.
The OKX market data shows that BTC has just fallen below $78,000 and is currently trading at $77,924.00 per coin, down 5.60% on the day.
The OKX market data shows that ETH has just fallen below $1,600 and is currently trading at $1,593.24 per coin, down 9.45% on the day.
According to Jinshi, U.S. Commerce Secretary Lutnick said that the tariffs will not be delayed, and will take effect on April 9, and will continue to be implemented in the coming days and weeks. In addition, U.S. Treasury Secretary Bessant believes that there is "no reason" to expect Trump's tariffs to cause an economic recession. Bessant downplayed the stock market decline, calling it a "short-term" reaction.
According to on-chain analyst Ember, a whale address transferred 4 million FORM (8.36 million USD) to Binance in the past 30 minutes, causing FORM to fall by 4% (2.09 USD → 2 USD). This address withdrew 9.385 million FORM (18.5 million USD) from Binance half a month ago (3/19-3/25) at an average price of 1.97 USD. He currently still holds 5.385 million FORM (10.77 million USD).
According to the on-chain analyst Ember, a whale transferred 778.5 BTC (64.33 million USD) to Binance 20 minutes ago, and he lost 2.53 million USD on BTC. ◎ He withdrew 978 BTC (84.06 million USD) from Binance a month ago (2/27) at a price of 85,910 USD. ◎ He sold 200 BTC on 3/24, and the remaining 778.5 BTC were just transferred to Binance at an average transfer price of 83,321 USD. The total loss was 2.53 million USD.
According to Token Unlocks data, CHEEL, APT, SAGA and other tokens will be unlocked in large amounts next week, among which: Cheelee (CHEEL) will unlock about 20.81 million tokens at 8:00 a.m. Beijing time on April 13, worth about $161 million; Aptos (APT) will unlock about 11.31 million tokens at 4:00 p.m. Beijing time on April 12, which is 1.87% of the current circulation and worth about $53.7 million; Saga (SAGA) will unlock about 133 million tokens at 4:00 p.m. Beijing time on April 9, which is 118.54% of the current circulation and worth about $35.1 million; Axie Infinity (AXS) will unlock about 9.09 million tokens at 9:10 p.m. Beijing time on April 12, which is 5.68% of the current circulation and worth about $24.5 million; Movement (MOVE) will unlock approximately 50 million tokens at 8:00 pm Beijing time on April 9, accounting for 2.04% of the current circulation and worth approximately US$18.5 million; Tensor (TNSR) will unlock approximately 120 million tokens at 11:00 pm Beijing time on April 8, accounting for 35.86% of the current circulation and worth approximately US$15.1 million; Neon (NEON) will unlock approximately 53.91 million tokens at 8:00 am Beijing time on April 7, accounting for 22.51% of the current circulation and worth approximately US$6.1 million.
Crypto analyst Ali Martinez wrote on the X platform that 91,900 BTC have been withdrawn from exchanges in the past month.
According to Lookonchain monitoring, a whale unstaked 202,604 SOL and deposited it in Binance 2 hours ago, worth US$24.3 million. The whale withdrew 201,755 SOL (worth US$25 million) from Binance at a price of US$124 on March 13, and currently has a loss of about US$678,000.
According to OnChain Lens monitoring, a wallet that had been dormant for 8 years transferred 11,104 ETH worth US$19.97 million, of which 247.93 ETH were sent to the cryptocurrency exchange Coinbase and 10,856 ETH were sent to a new wallet.
Andrew Kang, partner of Mechanism Capital, wrote on the X platform that he had not paid close attention to cryptocurrencies in the past few months, but the possibility of ETH returning to $1,000-1,500 this year seemed very high. With the speculative frenzy clearly over, it was ridiculous for an asset with negative growth/profitability to have a market value of $215 billion, and the bear market argument was established.
ZachXBT posted on the X platform: "Coinb has locked my account twice for no reason in the past month (again today), Coinbase's customer data has been leaked but has not been transparently disclosed (leading to the theft), so I will not recommend Coinbase as an exchange to anyone (even though Coinbase offers a good APR)."
According to @ai_9684xtpa monitoring, the leader of the "Whale Hunting Team" KOL @Cbb0fe has redeemed a total of 17.66 million USDe from Ethena in the past 21 hours, and exchanged 12 million of them back to USDT. He has accumulated 94.16 million points in Season 3, accounting for 0.7% of the total points pool.
According to monitoring by @ai_9684xtpa, two smart money addresses hoarded $8.09 million of LAYER during the period from 03.01 to 03.03. After holding the positions for two weeks, they made a cumulative profit of $3.18 million due to buying low and selling high (the costs were $0.7856 and $0.9559 respectively), but they also missed out on subsequent profits of $2.39 million. Judging from the operation methods and time, these two addresses may belong to the same whale/institution.
Market sentiment deteriorated sharply after Trump unveiled his tariff proposal, which heightened concerns about global growth expectations and caused a plunge in U.S. stocks. On Friday, the S&P 500 lost another $1.5 trillion in market value, bringing the cumulative loss in two trading days to $3.5 trillion. Large technology stocks fell, and the Nasdaq closed more than 20% below its record high in December, entering a technical bear market. Looking ahead to next week, the outlook for tariffs is far from clear. Investors still need to focus on possible agreements between the United States and other countries, which can help improve market sentiment. If no agreement is reached and more countries respond with tariffs, the market may be in for another painful week. The following are the key points that the market will focus on in the new week: Wednesday 02:00, San Francisco Fed President Daly will participate in a dialogue event called "Federal Reserve Economic Outlook and Work" Wednesday 23:00, Richmond Fed President Barkin will deliver a speech Wednesday 21:30, Dallas Fed President Logan will deliver a welcome speech at an event Thursday 02:00, the Federal Reserve will release the minutes of the March monetary policy meeting Thursday 20:30, the US March CPI data, the number of initial jobless claims in the United States for the week ending April 5 Friday 00:00, Chicago Fed President Goolsbee will deliver a speech at the New York Economic Club Friday 00:30, Philadelphia Fed President Harker will deliver a speech on Fintech Friday 20:30, US March PPI data Friday 22:00, St. Louis Fed President Moussalem will deliver a speech on the US economy and monetary policy Friday 22:00, Initial value of the expected one-year inflation rate in April in the United States, initial value of the University of Michigan Consumer Confidence Index in April in the United States At 23:00 on Friday, New York Fed President Williams will give a speech on the economic outlook and monetary policy. Given all the current uncertainties, dollar traders will focus on the US CPI data for March, which is scheduled to be released next Thursday. Tariffs not only pose a threat to economic activity, but also pose an upside risk to inflation. If the CPI data accelerates further, this may prompt traders to reduce some of their bets on rate cuts. In addition to the CPI data, PPI data and inflation expectations may also become key market drivers.
