On April 7, global risk assets were severely hit, with Bitcoin plummeting 9.7% to $75,069, marking the largest single-day drop since March 2025.
Bitcoin plummeted 9.7% to $75,069.
Ethereum also dropped sharply by 18.9%, reaching $1,459, with the average drop for the top 50 cryptocurrencies (excluding stablecoins) reaching 15%.
Ethereum also dropped sharply by 18.9%, reaching $1,459.
Presto Research's research director Peter Chung pointed out that the market has fallen into a 'sell first, think later' mode, where panic sentiment dominates trading decisions.
Asian stocks faced a Black Monday, with 1,700 stocks in Taiwan hitting the limit down, setting a historical record.
Asian stock markets fell sharply: the Nikkei 225 index plummeted 8% at the open, triggering a circuit breaker, the Korean KOSPI index dropped 4.6%, and China's Shanghai Composite Index and Shenzhen Component Index fell 5.8% and 7.2%, respectively. After the Qingming Festival, the Taiwanese stock market experienced a delayed fall effect, with over 1,700 individual stocks hitting the limit down, and TSMC directly locked in at the limit down at the open, evaporating 2.1 trillion New Taiwan dollars in market value in a single day.
A total liquidation of $970 million across the network, with long positions severely wiped out.
Coinglass data shows that the total liquidation amount in the crypto market within 24 hours reached $1.37 billion, with long positions losing $842 million (accounting for 86.7%), while short positions realized profits of $134 million. Analysts warn that the actual liquidation scale may be higher, as some over-the-counter transactions are not included in the statistics.
Three major variables dominate the future market; interest rate cut expectations become key indicators.
Presto Research presents three conditions for the market to stop falling:
Specific countermeasures against tariff policies from major global economies.
Can the Trump administration propose a long-term trade war strategy blueprint?
The Federal Reserve's clear stance on the path of interest rate cuts and inflation control.
LVRG Research director Nick Ruck noted that institutional investors are trying to balance the dual risks of 'prolonged trade wars' and 'cryptocurrency volatility,' and excessive selling may create opportunities for a rebound from oversold conditions. BTSE's COO Jeff Mei observed that the cryptocurrency market's performance over the weekend continued to act as a 'leading indicator,' and this Asian stock market crash once again validates this pattern.