I. Crypto market quick pass.
Altcoin market.
The market share of altcoins (excluding the top 10 by market cap) has fallen to a support level. This time, let's see if we can rebound again; if we do, we can pick some popular coins to go long.
Total crypto market cap.
The total market cap of cryptocurrencies is likely to form a double bottom structure again.
Liquidation heatmap.
From the liquidation heatmap, the bears are still stronger than the bulls.
Fear and Greed Index
Index 24 fear, unchanged from yesterday.
II. Crypto news quick pass.
GPS token buyback progress updated to 58.98%, total buyback quantity increased to 89.02 million.
According to monitoring, the latest buyback of 24.11 million GPS tokens worth $637,000 has been completed, increasing the total buyback quantity to 89.02 million, with a total value of $2.56 million. The current buyback progress is updated to 58.98%.Musk says the US government has no plans to use Dogecoin.
According to Decrypt, on March 30, at a town hall meeting in Green Bay, Wisconsin, hosted by Musk's 'American Political Action Committee', Musk clarified the distinction between the federal government's efficiency department (D.O.G.E.) and the Dogecoin cryptocurrency. Musk stated, 'To my knowledge, the government has no plans to use Dogecoin or anything like it. Their names happen to be similar, but in reality, we are just trying to make the government more efficient by 15%.A certain whale was liquidated for 621.06 WETH at $1,767, worth about $1.13 million.
According to monitoring by Shield, due to mortgaging 1,550 WETH (worth about $2.82 million) and borrowing 1.5 million USDT and 267,400 DAI, 621.06 WETH (worth about $1.13 million) was forcibly liquidated when the WETH price fell to about $1,767.A certain whale sold off approximately $3.03 million worth of PEPE in the last hour, losing $434,000.
According to monitoring, in the past hour, a whale sold 438 billion PEPE (approximately $3.03 million), losing $434,000.A certain whale is hedging against HYPE tokens, depositing 11.23 million USDC into HyperLiquid in the past 14 days.
According to OnchainLens monitoring, a whale is hedging against HYPE tokens. In the past 14 days, this whale deposited 11.23 million USDC into HyperLiquid and opened a short position on HYPE tokens (3x leverage), currently with a floating profit of $2.4 million; bought 387,417 HYPE at a unit price of $13.12, spending a total of $5.08 million, currently with a floating loss of $270,000.
III. Popular coins quick pass.
MOVE
WAL
BERA
ETH
S
BTC
ONDO
XRP
SOL
NIL
FARTCOIN
PI
SUI
ENA
AAVE
IV. Crypto blogger quick pass.
1. Top trader Pigeon.
Pigeon update this morning:
Made a medium-sized long position in SOL in the 125 range—I think the fluctuations from 88K to 82K are very intense, with catalysts from GME (GameStop) and Mara (a Bitcoin mining company), as well as a super bad tariff scenario before April 2, making this a highly favorable entry point for longing.
Overall, the stop-loss range below is also very clear.
2. Trader Vivian.
Vivian updated on the evening of the 29th Beijing time:
Leverage traders update: All shorts will be closed at 80k, and we will start going long from 80k.
Spot investor update: We have two plans.
Plan A: Monthly close above 90k, target 110k.
Plan B: Monthly close below 90k, all positions closed at 93k.
Everything depends on the closing situation on Monday (Eastern Time).
Unless a miracle happens (though not entirely impossible), the volatility between 80k and 90k is quite large.
Based on the S&P weekly closing situation, I worry it will be hard to have a good quarterly close.
So if the monthly close is below 90k but above 80k, we will have to clear positions at 91-93k within 2025. Everything depends on Monday's trend.
Updated on the morning of the 31st Beijing time:
There is some downward space here, down to 80888, while the rest of the range remains unchanged. Hope for a miracle tomorrow, but the probability is low. 80888-84444 is the range I expect. If 84444 doesn't reverse, the market won't become bullish.
All weekly closes may be above the weekly EMA55. I suggest you do not hold any short positions on Monday.
On Monday, we may see some unexpected situations.
(Vivian thinks the US stock market may have a strong rebound when it opens on Monday.)
3. Top trader Joshua.
He released 2 short-term long positions this morning on Telegram: one FARTCOIN and one ZRO.
Then updated: Stop loss (SL) will be set at the previous low. Market volume is really low. Fart has already stopped out, and ZRO also ended with slight profit or slight loss.
Looking at it now, this is just a trade to minimize losses. It was originally a way to trade short-term and catch the bottom when lucky. Usually, the tokens that rebound the fastest at the bottom are fartcoin, which is why I chose this token to enter. But if this token gets stopped out, then the market doesn't consider this the bottom, so to minimize losses, I also took profits on other positions.
After April 2, we should have a clearer understanding of the market direction. Looking at the market trend now, it feels like a certain degree of liquidation is needed for a rebound.
(Joshua believes fartcoin is a barometer of sentiment in the altcoin market; he tried to catch the bottom and got hurt.)
4. Top trader Altcoin Sherpa.
He updated this morning: The current $BTC area is technically still a support zone, but honestly, I want to see more volatility and extreme pin bar movements before I consider this some kind of bottom. I've been quite cautious about the current area, and I wouldn't be surprised if we continue to drop. However, these long wicks are usually good support/resistance (S/R) levels.
Overall, the entire area is quite chaotic in seeking clear support/resistance levels, and I am not very sure. In any case, from the weekly (1W) perspective, everything looks quite bleak, so it’s best to assume we are still in a bear market until contrary evidence appears.
We are starting to see extreme volatility now. This is exactly what you want to see: some crazy volatility + long wicks in both directions + increased volume. I'm not saying this is the bottom (or even a local bottom), but I will continue to watch. This kind of price movement is quite common.
5. Top trader Saint Pump.
He updated in the morning of the 30th:
If you watched Lutnick in the 'All In' interview, you would see their determination to balance the budget by implementing tariffs.
Trump hopes to 'reach an agreement,' which indicates that they are likely to launch aggressive tariff numbers on April 2 and then soften these numbers in negotiations.
The bullish scenario is that 'Uncle Sam' (the US) gets what it wants and quickly reaches agreements with other countries.
This will lead to a market downturn in the next two weeks, but Bitcoin (BTC) should be able to hold its low.
The bearish scenario is that the target country shows maximum resistance, and both sides escalate the conflict significantly.
The S&P 500 index (SPX) will crash; when it drops to 4500 points, Trump will soften his stance.
In this scenario, Bitcoin would drop to the $70,000 area, but at this level, its relative strength compared to traditional markets (legacy markets) will become evident. Obviously, altcoins (alts) will be hit hard.
6. Wave theory Liu Yudong.
He updated today:
I've said multiple times that Ethereum's target is 1200; many friends thought it was a joke or just me being stubborn, but am I betting out of stubbornness?
(He hasn't updated about BTC; he still maintains the previous view that BTC hasn't hit the bottom yet.)
V. Summary.
Due to Trump raising tariffs this week, the market is on high alert. In the last two days, BTC broke down from the rising channel and continued downward, but in the last two days, SOL has received effective support above 122. The SOL/BTC exchange rate is starting to strengthen. If BTC stabilizes, SOL will likely experience a decent rebound. Around 124 is a highly favorable long entry point, with a stop loss at 119, worth a shot.
Statement:
The above information is for reference only and is not trading advice. The crypto space is high risk; participation should be cautious.
