K33 analyst: Market volatility is expected to intensify in April, with Bitcoin continuing to consolidate between $75000 and $88000

律动BlockBeats|Apr 02, 2025 11:46
On April 2nd, according to The Block, K33 analysts stated that tariffs remain the main factor affecting the market, and later this week's US employment data may bring more volatility. (Currently, Goldman Sachs expects that Trump will announce an average reciprocal tariff of 15% on all US trading partners.)
Vetle Lunde, research director at K33, and David Zimmerman, senior analyst, pointed out in a report on Tuesday. They stated that the expected increase in tariffs is reflected in the defensive stance of Chicago Mercantile Exchange traders, as futures premiums fall to 5% and open contracts plummet to an 11 month low of 133790 bitcoins. The offshore perpetual futures financing interest rate also reflects the market's caution, as the average interest rate over the past 69 days has not reached or exceeded the neutral level.
Analysts predict that the tariff announcement will have a significant impact on the market, and the correlation between stocks and Bitcoin will remain high. They believe the most likely scenario is that this will lead to increased market volatility throughout April and cause Bitcoin to continue consolidating within the $75000 to $88000 range. I don't think the market will experience certainty and clarity after April 2nd, as there may be various responses, negotiations, sudden reversals, and unexpected situations throughout April.
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