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Key events in the crypto world in the past 24 hours! 1-minute overview of overnight market movements | April 13th

Geopolitical tensions escalate again, ceasefire breaks down and oil prices surge, market returns to risk aversion mode. ➡️Crypto Market $BTC US-Iran negotiations collapsed, Trump announced the closure of the Strait of Hormuz, and BTC was immediately hammered down from 71,000, sliding all the way down from 72,500 over the weekend. Long positions were liquidated for 200 million dollars in 24 hours, another day of paying the price for the bulls. $ETH After briefly surging above 2200 in the early morning, it quickly fell back and is currently trading at around $2192, down nearly 4% in 24 hours, indicating that its purchasing power is significantly weaker than BTC. $SOL Continuing to be ignored, it was quoted at $81.5, obediently following the decline. ➡️Global Stock Markets 1. Japanese and South Korean stock markets opened lower on Monday, with the Nikkei 225 down 0.98% and the South Korean KOSPI down 2.17%, as risk aversion spread across the board. 2. All three major U.S. stock futures opened more than 1% lower this week, with earnings season starting this week and geopolitical tensions escalating. Arthur Hayes bluntly stated that "Asian markets will open poorly." ➡️ Commodity gold fell to $4,708 per ounce, down 0.86% on the day – even safe-haven assets are falling, indicating that the market is forcing a liquidation of everything. Silver fell to $74.5 per ounce, down 1.7% on the day. WTI crude oil jumped 9% to $104 a barrel, while Brent crude rose 7.3% to $104, as expectations of a blockade of the Strait of Hormuz sent oil prices soaring. ➡️Macroeconomic Dynamics 1. Trump said the US and Iran have reached an agreement on most issues, but the nuclear issue is a deadlock. Vance pointed out that Tehran refused to abandon its nuclear program. After the negotiations broke down, Trump announced that the US Navy would block the Strait of Hormuz. Trump is putting on an act again. 2. Britain has explicitly refused to participate in the blockade and is forming a "freedom of navigation coalition" with France, revealing divisions within NATO. 3. The US CPI in March was 3.3%, with energy contributing three-quarters of the increase. CITIC Securities predicts that the Federal Reserve will only cut interest rates by 25 basis points this year. If oil prices remain high, the CPI year-on-year growth rate may exceed 3% for the whole year. Analysts warn that the current macroeconomic structure is similar to that of 2022, and liquidity could become a negative factor for #BTC. ➡️Encrypted News 1. Justin Sun accused WLFI of secretly installing a backdoor in its smart contract, and its token wallet was illegally blacklisted; Meanwhile, Chaos Labs disclosed that WLFI's lending on Dolomite is highly concentrated, accounting for 82.7% of the platform's TVL, raising concerns about liquidation risks due to the revolving collateral structure. The scandal surrounding WLFI is getting bigger and bigger. 2.SpaceXReportedly holding 8285|__2024111120233_| (approximately $600 million), held in custody by Coinbase Prime. On-chain data shows that this holding has remained unchanged since mid-2024. 3.Michael Saylor issues another Bitcoin Tracker signal, may continue to increase holdings next week; Strategy suffered a paper loss of $14.5 billion in Q1 but did not sell any positions. 4.Aave DAO votes to approve the "Aave Will Win" framework proposal, Aave Labs receives $25 million in stablecoins + 75,000 stablecoins $AAVE grant, funds arrive on Monday. 5. In the past 24 hours, a total of $284 million in positions were liquidated across the network, and 148,000 people were liquidated. The largest single liquidation occurred in Bybit BTC/USD, worth $4 million.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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