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🚨 April Fools' Day was no joke for altcoin enthusiasts! Several altcoins, including ACT, nosedived faster than a rollercoaster, with ACT losing 58% of its market cap in under an hour. Memecoins like HIPPO and KISHU joined the plunge party. The chaos was sparked by Binance's leverage and margin tier changes, triggering a $3.8 million liquidation for one whale. 🐋

Bitcoin and Ethereum weren't spared either, dropping sharply after weak U.S. economic data. Manufacturing PMI and JOLTS job data missed the mark, adding to fears. BTC fell below $83,000, dragging ETH down with it. 📉

Liquidation risks are rising as volatility spikes. Traders are on edge, with margin calls looming. Even stablecoins like USDT are under scrutiny. Altcoins are feeling the heat, but some analysts believe the bull run might survive. 🐂

Despite the turmoil, BTC closed March above a key Fibonacci level, keeping hopes alive. MicroStrategy's recent BTC purchase shows strong whale support. While altcoins struggle, the bigger picture for BTC remains bullish. 🌟

Altcoins face uncertainty from all sides—weak macro data, Binance policy changes, and Wintermute rumors. Until clarity emerges, altcoins remain under pressure, and traders stay cautious. 🤔