K33 Analyst: "D-Day" Tariff News May Exacerbate Crypto Market Volatility, Traders Still Inclined to Hedge and Stay Cautious

On March 26th, an analyst from K33 Research pointed out that although the cryptocurrency market had witnessed a calm upward trend in the past few weeks due to the US government indicating a more moderate tariff stance and the slightly dovish position of the Federal Reserve. There are still eight days until President Trump's "Liberation Day" (April 2nd), and the tariff-induced fluctuations may further intensify. K33 Research Director Vetle Lunde and Senior Analyst David Zimmerman emphasized in a report on Tuesday that the US Bitcoin spot ETF had seen net inflows for eight consecutive days, totaling $8.966 billion, further indicating that the selling pressure was diminishing and Strategy had resumed significant Bitcoin purchases. The most severe phase of BTC risk reduction seemed to have ended, and the market was now in a wait-and-see mode. Chicago Mercantile Exchange (CME) traders remained relatively passive and defensive, while offshore traders were slightly optimistic but "not entirely bullish." The analysts believed that the Bitcoin price was relatively stable, with a seven-day trading volume reaching a five-month low and low leverage ratios. However, as April 2nd approached, traders were still maintaining a risk-off sentiment. They stated that as tariffs continued to be the main market-moving news, this event "would be an important day for volatility." BlockBeats Note: April 2nd is the scheduled date for Trump to announce significant reciprocal tariffs, which could reignite activity in the cryptocurrency and broader financial markets.