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$OM Dumps, MicroStrategy Purchase, Coinbase WNBA, Wallet Connect, ME acquires Slingshot, 4000 ETH Cryptopunk, OS Solano Trading

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šŸ‘€WHAT’S THE META..šŸ‘€

GM, GA, or GN wherever you may be.

Want to stay ahead of the curve? Don't worry we got you. The market has been brewing, here's what's currently happening:

Mantra Chain’s token, $OM, dumps 90% in 1 hour after a number of significant $OM traders get liquidated by centralized exchanges. Read MoreĀ»

Microstrategy has purchased an additional 3,459 BTC for $285 million. Read MoreĀ»

Coinbase has partnered with the WNBA. Read MoreĀ»

Wallet Connect token, $WCT, is now live. Read MoreĀ»

Magic Eden acquires Slingshot, a cryptocurrency trading app that allows users to trade crypto using Apple Pay. Read MoreĀ»

Alien Cryptopunk sells for 4,000 ETH ($6 million), but the seller takes a $10 million loss due to the ETH price. Read MoreĀ»

Solana trading is now live on Opensea 2 for some closed beta users. Read MoreĀ»

šŸŖ™CRYPTO DIGESTšŸŖ™

BTC/USD

Bitcoin continues to trade within a downtrending structure, and this week the focus shifts to whether it can break the current downtrend or revisit the $82K–$80K zone for a proper support retest. A strong hold in that zone could serve as the foundation for a move back to challenge resistance for a potential trend shift.

The Yellow band on the 4hr FibMa remains a firm resistance level, as BTC has failed to reclaim it since the breakdown in early February. Until this changes, the broader trend remains pressured.

Weekly BB Levels to Monitor:

  • HD: $89,900

  • H4: $86,500

  • BB (Weekly Open): $83,775

  • L4: $80,900

  • LD: $77,600

I’d like to see a cleaner retest of the weekly open (dip below and then reclaim) at some point, whether BTC can hold that level afterward will be key for determining short-term trend direction.

BTC Dominance

BTC Dominance continues its grind higher and is now on track to possibly push above 65%. If this trend continues, I believe we may see a final upward extension coincide with the end of Quantitative Tightening (QT). Until that pivot occurs, liquidity constraints will likely keep favoring BTC over riskier altcoin plays.

Ethereum Outlook

ETH/USD

Ethereum tagged the green band on the weekly FibMa, a historically significant level. In the past (e.g., June–July 2022), trading below this band for a few weeks has marked bottoming structures. If weakness continues, I’ll be watching to see if ETH stabilizes below or above this band—but either way, this region continues to present an attractive accumulation opportunity from a longer-term perspective.

ETH/BTC

ETH/BTC printed a new cycle low last week and is now officially trading in the same range where it bottomed during the 2019 cycle. While we can’t rule out further downside, there’s also a real chance that a macro double bottom is forming here. Paired with the attractive USD valuation, ETH continues to present strong medium- to long-term risk/reward.

Alt Market Overview

Total3/BTC

Holding up considerably better than smaller-cap altcoins, Total3/BTC has not retested its cycle lows, and I remain open to the idea that we may see a higher low structure form instead. This is worth monitoring closely over the coming weeks for signs of structural recovery.

Others/BTC

Meanwhile, Others/BTC continues to show persistent weakness, printing a new cycle low last week. As QT continues, I expect this underperformance to persist. That said, the divergence between Total3/BTC and Others/BTC supports the view that market participants are shifting toward more secure, established altcoin projects, rather than speculative ā€œdegenā€ plays.

S&P 500

The S&P found macro support at the midpoint of its long-term ascending channel. Near term, I’m watching price action around the higher extensions, with a break above $5,550 signaling continued bullish momentum. A rejection here, however, could lead to a broader retest of support.

Key Economic Events to Watch

  • Wednesday

    • Retail Sales ex Gas/Autos (March): Prior 0.5% | Expected 0.3%

    • Fed Chair Jerome Powell Speech

  • Thursday

    • Initial Jobless Claims: Prior 223K | Expected 226K

Final Thoughts

Markets remain fragile and sensitive to macro news and liquidity shifts. As QT continues to weigh on broader risk assets, BTC maintains its relative strength. Altcoins remain in a period of structural weakness, but value is forming—especially in quality names. This is a time to remain disciplined, watch levels closely, and continue preparing for shifts that may arrive as QT eventually winds down.

These are just my views, not financial advice. Always do your own research and manage risk accordingly.

šŸ¤‘AIRDROPSšŸ¤‘

LoopScale came out of beta

Backed by Solana Ventures, Coinbase Ventures, and Jump, LoopScale is a modular lending protocol that allows builders to build on top while allowing experienced curators to manage lending strategies to maximise yield for depositors.

I will do a detailed thread on this soon, including looping and lego strategies so stay tuned!

In the meantime, I have made a sizeable deposit into their $SOL Genesis Vault which is giving 6x points. It is being filled up soon.

Babylon Airdrop claimable via EtherFi and Lombard

Babylon Genesis is live — and with it comes the BABY token!

LBTC and eBTC holders are eligible to claim the BABY airdrop through Lombard’s Staking Yield Pool and EtherFi claim portal, respectively.

HyperLane Airdrop Registration closing soon.

Check and register your EVM and Solana wallets for the $HYPER airdrop here: https://claim.hyperlane.foundation

Note that Hyperlane users within Cosmos Eco will use the token recipient (vs. token sender for EVM / SVM) wallet to check eligibility

Registration closes 4am UTC, Apr 14th (now extended until Apr 15, 19:00 UTC) TGE will be week of Apr 20th

100+ Airdrop Opportunities in my Notion Airdrop Tracker: https://bit.ly/droptime

šŸ“œFOR THE CULTUREšŸ“œ

Crypto market volatility intensifies amid tariff announcements

The cryptocurrency market experienced significant turbulence this week following President Donald Trump's announcement of sweeping new tariffs on multiple nations. Bitcoin’s price fell below $77,000, marking a substantial decline and triggering the liquidation of approximately $1.2 billion in leveraged positions within a 24-hour period. As one of the most widely traded cryptocurrencies, Bitcoin’s sharp drop sent shockwaves across the entire digital asset ecosystem, underscoring the interconnectedness of the crypto market and the broader global economy.

This downturn also had a pronounced effect on smaller digital tokens, which often exhibit higher volatility than Bitcoin. Coins with lower market capitalizations experienced sharper percentage declines, erasing recent gains and causing uncertainty among investors. Additionally, the tariffs prompted a wave of risk-off sentiment, influencing not just cryptocurrencies but also crypto-related equities, including companies that rely on blockchain technology or hold significant crypto reserves. As a result, many investors sought safer assets, contributing to a wider market sell-off.

The week’s events highlight the cryptocurrency market’s sensitivity to geopolitical developments and macroeconomic shifts. While digital assets are often touted as uncorrelated to traditional financial systems, the reaction to President Trump’s tariff announcements illustrates their growing integration into the global financial landscape. As traders and investors digest the potential long-term implications of these tariffs, the crypto market’s recent volatility serves as a reminder that external political and economic factors can play a significant role in shaping its trajectory.

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