Liberation Day or Liquidation Day?

DAILY MARKET OVERVIEW

The Calm Before the Tariff Storm

👋 Hey, Crypto Enthusiasts! The market’s on edge today, and all eyes are on Trump yet again.

🥁 It’s finally here - the long-awaited “Liberation Day.” President Trump is expected to unveil his new tariff policy at 22:00 CET, and markets are already flinching.

While final details are still under wraps, sources suggest two possible paths - a tiered structure (10%-20%) or a flat 20% global tariff. Either way, reciprocal tariffs are on the table, and Trump claims he’s already "settled" on an approach.

But no one knows which countries or goods will be hit hardest - and that’s what’s got everyone nervous.

📉 Risk-Off Vibes Hit Markets Early

• European stocks are trading lower ahead of the announcement

• Wall Street desks are prepping for a spike in S&P 500 volatility, especially after the disappointing PCE print

• Bitcoin? It’s been going stronger than expected, currently hovering around $87k

📊 Trump’s $700B Tariff Goal - But At What Cost?

The White House aims to pull in $700 billion annually through this new tariff regime, but critics are sounding alarms over inflation, supply chain issues, and recession risk.

Still, amid the chaos, there’s a bullish wildcard flying under the radar - the U.S. Strategic Bitcoin Reserve. It hasn’t made headlines lately, but long-term players are watching it as a structural tailwind for BTC.

💰 GameStop Just Went Full Saylor

In a wild and bullish twist, GameStop has officially completed a $1.5B convertible note offering, confirming plans to buy Bitcoin as part of its treasury strategy. That’s $200M more than their original target.

• Net proceeds: ~$1.48B

• Notes mature: April 2030

• Bitcoin use: Explicitly stated in SEC filings

This mirrors MicroStrategy’s playbook - and yes, price action suggests they may already be accumulating.

💬 Bottom Line:

The tariff announcement tonight is the key short-term driver, and risk remains high. But behind the noise, structural Bitcoin adoption from both corporates and government continues to grow quietly.

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SOCIAL SENTIMENT

Divided, But Watching Closely

The market feels like it’s holding its breath. Narratives are scattered, but a few standout tokens are catching our attention as we wait for direction.

📈 Top Coins to Watch in This Bounce

🔹 Hyperliquid (HYPE)

After a rough stretch with vault management issues, HYPE has rebounded from $12 to $14, and sentiment is improving. The foundation’s buybacks are kicking in again, and if market volume returns, HYPE could be a strong flywheel token to ride.

🤔 FARTCOIN

Yes, seriously. FARTCOIN has become a kind of meme risk index. With a $500M market cap, it’s still small compared to PEPE’s $3.2B, and it’s rapidly gaining traction. In the next meme rotation, FARTCOIN could easily lead the pack.

🧨 EOS (soon to be VAULTA?)

Once pitched as the Ethereum killer, EOS is now pivoting - rebranding as VAULTA and targeting the banking sector. This shift has sparked new interest, and EOS is now one of the top performers among majors.

Will it work? No guarantees, but the market is buying the story - for now.

📉 Sentiment Snapshot:

• Overall mood: mixed and cautious

• Traders are still risk-averse ahead of the tariff news

• Opportunities exist, but they’re higher risk, harder to execute

• Narratives are thin, but the minute momentum shows up, they could catch fire

💡 Patience is the edge right now. When clarity hits, the moves will come fast. Eyes on tonight.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

VanEck registers entity for potential first BNB ETF in US
VanEck has registered a trust for a potential BNB ETF in Delaware. If approved, it would be the first BNB ETF in the U.S.

Japan’s second-largest bank eyes stablecoin launch with Ava Labs
SMBC is planning a stablecoin launch with Ava Labs and Fireblocks, with tests beginning later this year for a 2026 rollout.

Alabama and Minnesota advance Bitcoin reserve legislation
Both states introduced bills to hold Bitcoin as a state reserve, with Minnesota naming BTC directly and Alabama setting criteria that only Bitcoin meets.

Bybit shuts down NFT marketplace amid broader sector decline
Bybit will close its NFT marketplace on April 8 following a major hack, joining a growing list of platforms that are exiting the struggling NFT space.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Ivan on Tech – BITCOIN: LIBERATION DAY!!!!!! (oh no) (April 2, 2025 Summary)

Markets at the edge, uncertainty lifts, and Bitcoin’s breakout window may be opening.

Ivan calls today "Liberation Day" as Trump’s long-awaited tariff plan gets revealed. The key? Uncertainty gets removed, and that's exactly what markets need to start running again.

📉 Bitcoin Range Locked

• BTC still stuck in the $83K to $85K zone

• Ivan calls this "no man's land"

• Critical breakouts: $91K above, 50-week moving average below

🏛️ Trump’s Tariffs = Clarity Unlock

• Trump to unveil reciprocal tariffs against any nation with tariffs on US goods

• Markets have priced in fear, so even bad news could be bullish if it brings clarity

• Israel already dropped all tariffs on US goods ahead of the announcement

• Ivan expects a domino effect with other countries dropping barriers to keep US access

🏦 Institutional Power Moves

• Tether wallet revealed, holding 92,000 BTC worth $7.7B

• Tether now working with a Big Four firm for a full audit

• Metaplanet (Japan’s MicroStrategy) keeps buying BTC weekly

• Arthur Hayes targets $250K BTC, aligning with Ivan’s long-term $300K+ thesis

💸 Liquidity Storm Incoming

• Global M2 money supply rising, and historically BTC lags by 85–108 days

• GameStop just raised $1.5B, likely for BTC buys

• Ivan: "The money is there, it's just waiting for clarity and momentum"

🧱 From Ideology to Implementation

• Ivan says we're entering the implementation phase of crypto

• BlackRock, Trump, Circle, and others are now building serious infrastructure

• He sees the Trump family, especially Eric, as massive signal for mainstream adoption

• “Banks are crypto’s best sales team, every time they debank someone, we gain another maxi”

💹 Technical Setup is Huge

• Multi-year inverse head and shoulders pattern in play

• If confirmed, BTC targets $300K to $350K on macro timeframes

• For now, Ivan says the key is to survive the boredom and grind through the range

🪙 Other Catalysts to Watch

• VanEck filing for a BNB ETF, could beat ETH ETF in interest

• Circle IPO could kick off the “dot-com bubble but for crypto” era

• Mastercard working to integrate crypto for 3.5B users

• Bitcoin now seen as “risk-on and risk-off” at the same time

🧠 Final Take:

Ivan says Liberation Day removes the fear fog, and we’re entering a window where macro, technicals, and adoption converge. If you’re bored or scared, zoom out. “The next phase is liftoff, and if you’re still bearish, you’re not paying attention.”

Lark Davis – Bitcoin & Crypto: ZERO DAYS LEFT (April 2, 2025 Summary)

Volatility is peaking, M2 is rising, and Lark says we’re about to find out what this market’s really made of.

Lark breaks down today’s tariff moment and whether the market reacts with panic or relief. His tone is cautious but optimistic, especially with liquidity tailwinds building fast.

🌐 Liberation Day = Final Uncertainty Event

• Trump’s reciprocal tariffs drop today, estimates between 10-20%

• Market may be setting up a “sell the rumor, buy the news” moment

• Key sectors at risk: tech, consumer goods, autos

• Watch for fake headlines and intraday noise

📊 Bitcoin Battling Key Levels

• BTC fighting to close above 20-day and 200-day EMAs near $88K

• MACD trending up, but confirmation still pending

• Lark: “A daily close above $88K could flip sentiment fast”

🧠 M2 and Macro Alignment

• Global M2 rising fast, which has preceded past bull legs

• Depending on the lag model, major upside could hit anytime between now and May

• MVRV model suggests we’re far from a cycle top

🐢 Retail Still Missing

• Retail not back yet in any meaningful way

• Lark: “Retail’s not even at appetizers yet. Wait for the main course”

📉 Altcoins Still Bleeding

• Total altcoin index rejected at the 20-day EMA 11+ times

• Most alts in multi-month downtrends, no major breakout signals

• Only EOS showed real strength, and even Lark says “I’m not buying it”

💩 Memecoin Watch

• Fartcoin holding up while everything else bleeds

• Lark still has orders set low, but admits, “it’s the only thing that looks strong”

• Dogwifhat and Pepe still nuked, but may return during a retail mania

📈 IPO & ETF Narrative Building

• GameStop raise oversubscribed at $1.5B, could go straight into BTC

• Lark sees this as potential kickoff for a crypto IPO mania cycle

• Circle IPO might trigger the kind of mania we haven’t seen since Coinbase’s 2021 top

🤔 Market Sentiment Poll

• 48% of Lark’s audience thinks this is a mid-cycle pullback

• Lark worries when the herd agrees, but says April will decide it

• “If April closes weak, it opens the door for May or June bounce. If April rips, buckle up.”

🧠 Final Take:

Lark remains cautiously optimistic. He sees the potential for this to be the start of a new leg up, especially as M2 liquidity flows in and retail remains mostly sidelined. “This ain’t over. We’ve barely begun. The soup and salad haven’t even arrived yet.”

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