The situation in the cryptocurrency markets is becoming increasingly uncertain, with a potential new wave of selling, especially in light of recent economic news.
Black Monday in Cryptocurrencies
The presented scenario was expected for stock markets. Over the weekend, speculations arose regarding Trump potentially advancing the effective date in negotiations against high tariffs with various countries. However, as time progressed, no resolution materialized. It is worth noting that about 80% of American citizens have negligible stock investments, suggesting that Trump might not be overly concerned about the shock effects.
Massive Bitcoin Transfer
One aspect that has garnered little attention is the ETF outflow on April 4. Approximately $60 million exited the market. Last Thursday, we observed a $40 billion outflow from U.S. markets within a matter of hours. There was no significant exit on the BTC ETF side, and due to the weekend market closure, no outflow occurred. If BTC continues on this trajectory into Monday, we could observe historic outflows in the ETF channel, potentially leading the market into a significant downturn by Friday.
What Awaits Traders in the Coming Days?
The Whale Alert report indicates that significant amounts of BTC have been transferred. Many experts note that the upcoming Monday may pose risks for BTC. If the price remains above $77,000, losses in altcoins may not exceed 10%. However, if panic selling occurs among tired investors, it could precipitate a severe downturn.
The climate in cryptocurrency markets remains tense. Traders should proceed with caution in light of expected economic news and potential market shifts.
