The Chop Continues

DAILY MARKET OVERVIEW

Patience Is a Position

👋 Hey, Crypto Enthusiasts! It’s a new week, and while markets are seeing a modest recovery, uncertainty is still the dominant force. Let’s break it all down.

Over the weekend, Bitcoin ranged between $83K–$86K, with strong hands likely stepping in after Michael Saylor scooped up another $285M in BTC.

This move added some stability at the lower end of the range and helped altcoins show signs of life too - including ones like Hype, which did close to 2x from its recent bottom and, yes, Fartcoin, which pumped hard and reminded us how wild meme coins can get.

So, can the rally continue?

Well... maybe. Here's what's in the mix:

⚔️ BTC Eyes $90K, But Risks Lurk

• BTC looks promising to retest the $90K level if it can hold above $85K. The trend is intact for now.
  

• ETH, on the other hand, is struggling. Justin Sun withdrew 52,905 ETH (~$209M) from Lido, triggering fears he might dump it. Last time this happened, he sent funds to Binance and the price dropped.
  

• Grayscale’s ETH Spot ETF just got another staking delay from the SEC, adding more weight to bearish ETH sentiment.

🌍 Macro Mess: Tariffs & Trump Stir the Pot

Tariffs are rapidly becoming the market's biggest headache, and they’re confusing as hell right now:

• On Friday, markets got a jolt of relief when U.S. Customs & Border Protection announced that smartphones, chips, and computers would be exempt from tariffs.
  

• But then on Sunday, Trump reversed course, saying there were no exemptions and that semiconductors will “just move to a different tariff bucket.”

Markets hate this kind of uncertainty, and traders are now closely watching Trump’s clarification of the policy.

📆 Key Macro Events This Week:

• Fed Speakers: Waller, Harker, Bostic, Powell

• China Q1 GDP

• US Retail Sales & Industrial Production

• BoC + ECB Interest Rate Decisions

• US Jobless Claims

Bottom Line: BTC still looks healthy above support, ETH is lagging badly, and alts are trying to find their floor in USD terms, but BTC pairs remain weak. The macro calendar could tilt the scales in either direction this week.

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SOCIAL SENTIMENT

Cautious Longs, Bearish Traps, and Altcoin Carnage

Traders are leaning long, but with serious caution. No one wants to be caught on the wrong side of a macro rug-pull, and the market feels like it could flip on a dime.

🧭 Narratives Gaining Steam:

• 🇨🇳 China’s Yuan Devaluation Rumors are circulating again. In past cycles, similar moves sparked BTC rallies as capital fled to crypto.
  

• 🔍 $90K BTC is the level to watch. A clean break could light up the market with real momentum.
  

• 🧠 Sentiment is cautiously optimistic for BTC, but ETH and most alts are still in purgatory.

💥 Altcoin Drama: Mantra (OM) Implodes

One of the biggest RWA (real-world asset) tokens, Mantra (OM), just nosedived -90% in hours, crashing from $6B to $600M market cap.

The dump is speculated to be from the team themselves, after artificially propping up the token throughout 2024–2025. Investors are furious, some losing millions.

This event is sending shockwaves across the altcoin space, and trust in some RWA projects may be permanently damaged.

🧨 Trump's Meme Coin Set for Massive Unlock

The infamous Trump token is about to begin its emissions unlock on April 18, with roughly $6B worth of tokens unlocking linearly over 3 years. That’s a huge amount of supply about to hit the market, so holders should stay informed - this could be a slow bleed.

💬 Final Word:
The market is tilting between hope and hesitation. Altcoins are still shaky, ETH is struggling under its own weight, but BTC is holding strong for now. Stay nimble, stay sharp, and don’t trust anything that’s pumped too fast.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Solana hits new high against Ethereum, Buterin hints at faster upgrades
SOL outpaces ETH in weekly gains as Ethereum co-founder Vitalik Buterin teases quicker hard forks after the Pectra upgrade.

NFT trader pleads guilty to hiding $13M CryptoPunk profits from IRS
In a first-of-its-kind tax case, a Pennsylvania man admits to evading $3.3 million in taxes from NFT sales and faces prison time.

Strategy buys another $286M in Bitcoin, topping 530,000 BTC total
Michael Saylor’s firm adds to its Bitcoin reserves, now controlling over 2.5% of the total BTC supply with $45 billion in holdings.

JPMorgan launches GBP blockchain payments via the Kinexys platform
SwapAgent and Trafigura are among the first to use JPMorgan’s new 24/7 blockchain payment rails for British pound transactions.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

✅ Lark Davis – "Crypto Just Flipped" (14.04.2025 Summary)

Outlook: Turning wildly bullish — Lark sees a breakout window forming

Lark thinks the tide is finally turning for crypto after a volatile few months. With technical signals flashing green and a wave of macro tailwinds building, he’s calling this a potential inflection point for a major rally.

🚨 Markets Just Flipped: The Mood Has Changed

• After months of bearish chop, Lark says the narrative is flipping.

• US futures are green, macro fears are cooling, and liquidity is returning.

• While markets are still fragile, sentiment is shifting from despair to disbelief - a classic bottoming signal.

🔥 Tariff Chaos Turning Bullish

• Trump exempted electronics from new China tariffs, sparking a weekend pump.

• Conflicting tweets added confusion, but Lark thinks the message is clear: the US isn't serious about a long-term trade war.

• He says “Trump's softening” and the market is front-running a resolution.

💰 Liquidity Boom: The Real Bullish Catalyst

• Global M2 money supply is exploding — a key driver of asset rallies.

• The Fed is signaling it may inject liquidity if needed, and JP Morgan is calling for more bank bond buying flexibility.

• Lark: “Liquidity is the rising tide that lifts all boats.”

🏛️ Crypto Legislation Is Coming Fast

• Senate Banking Chair Tim Scott says major crypto bills will pass by August.

• Lark’s been calling this for months — including the 1 million BTC national reserve plan.

• He’s convinced the US will find ways to buy Bitcoin without taxpayer impact.

📈 Bitcoin Technical Setup

• BTC is flirting with a breakout, pressing against the downtrend from $109K.

• Price is sitting at a triple confluence zone: the 20-day EMA, 50-day EMA, and 200-day EMA.

• A daily close above $86K could confirm a trend reversal.

• MACD 3-day crossover and hash ribbon buy signal also flashing bullish.

📅 Lark's Market Roadmap

• Pump into June/July, then summer lull, then final bull rally into December/January.

• He sees potential for a $150K local BTC peak this summer.

• If the stars align, final cycle high could reach $250K+ later on.

⚠️ ETH Sentiment: Still Lagging

• Lark is harsh on Ethereum right now: bad technicals, weak sentiment, whales capitulating.

• Solana is outperforming in mindshare, momentum, and technicals.

• Lark prefers high-upside plays like Aptos and Sui over ETH.

🧠 Bonus Takeaways

• Real World Asset (RWA) narrative is heating up — projects like Plume and Chainlink catching Lark’s eye.

• Meme coins are still popping off, but he's cautious of degeneracy.

• Despite wild price action, he's not waiting for a mythical “altcoin season” - instead, he's rotating with the narratives.

Final Take:
Lark is leaning heavily bullish. Between liquidity expansion, softening tariffs, and political pressure to pass crypto laws, he sees a window opening for a major market recovery. If BTC breaks $86K cleanly, he thinks disbelief will flip to FOMO — and the next leg of the bull run will be underway.

✅ Benjamin Cowen – "Bitcoin: Bull Market Support Band" (14.04.2025 Summary)

Outlook: Technical bounce likely, but trend still uncertain

Benjamin delivers a detailed, chart-focused analysis of Bitcoin’s price action, centered around technical indicators and historical patterns.

📉 Death Cross Playbook Is Playing Out

• Bitcoin recently formed a “death cross” (50-day MA crossing below the 200-day MA), which often precedes a local bottom followed by a counter-trend rally.

• That’s exactly what we’re seeing now: BTC dumped into the death cross and is now bouncing.

📊 Key Technical Levels

• 21-week EMA: ~86.6K

• 20-week SMA: ~92.5K

• Bitcoin is currently between them — acting as resistance.

• BTC holding above the 2024 high is a good sign for cycle continuation.

🧠 Emotions vs. Strategy

• Benjamin warns against emotional trading: many people panic-sold the dip, and are now forced to consider buying back in during a bounce.

• He promotes using cash reserves wisely, sticking to a long-term strategy, and not getting whipsawed by volatility.

🧱 Could This Be Like 2019?

• Back in 2019, BTC rallied after a death cross, only to hit a lower high and drop again.

• He says the same could happen now: a bounce that doesn’t break new highs before one more leg down.

📉 Macro Uncertainty Hurts Confidence

• Tariffs, inflation, and unclear government actions are shaking investor confidence.

• Benjamin emphasizes: it's not the tariffs themselves but the confusion around them that makes markets fragile.

💡 What to Watch

• If BTC breaks above the bull market support band (~92.5K), that could mark a real recovery.

• If not, expect another test of the 2021–2024 support zone — maybe even a double bottom before real upside.

Final Take:
Benjamin is technically optimistic short-term but cautious. Bitcoin is acting strong for now, but the bigger question is whether this bounce becomes a new rally — or just another fakeout. The game plan: stay strategic, avoid emotion, and watch the key resistance zone carefully.

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