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On April 2nd, based on HTX market data, the majority of altcoins witnessed a general decline. These include: ACT experienced a 63.05% price drop in the past 24 hours and is currently trading at $0.0699. LEVER saw a 37.71% price decline in the past 24 hours and is currently trading at $0.000507. DF had a 36.86% price drop in the past 24 hours and is currently trading at $0.04688. MASK suffered a 33.69% price drop in the past 24 hours and is currently trading at $1.364. BROCCOLI74 experienced a 31.81% price drop in the past 24 hours and is currently trading at $0.03264.

On April 2nd, the cryptocurrency analyst @ali_charts presented a chart analysis indicating that since February 25th, the quantity of large ETH transactions has witnessed a decrease of 63.8%, suggesting a decline in on-chain whale activity.

On April 2nd, Synthetix founder Kain stated in a post that the Ethereum mainnet is experiencing economic pressure. This is due to the reduction in Gas fees and ETH burn resulting from L2 scaling off-chain transaction activities and the Blob introduced by EIP-4844 to lower data availability costs. Kain believes that the rise of L2 has captured the revenue that originally belonged to the mainnet. In the future, shifting to alternative DA solutions such as Celestia is more likely to further weaken the Ethereum mainnet's profitability. To address this issue, he proposed that in the short term, L2 could support the mainnet through official L2 channels or a rental mechanism. In the long term, it will be necessary to rely on new demands such as the tokenization of real-world assets to increase the overall L1/L2 adoption rate. He emphasized that the Ethereum community has an advantage in coordination but should promptly abandon irrelevant projects and focus resources on breaking through the ap

On April 2nd, Nate Geraci, the president of The ETF Store, stated on social media that Grayscale had filed an S-3 form and was planning to register its Grayscale Digital Large Cap Fund as an Exchange-Traded Fund (ETF). This fund holds BTC, ETH, XRP, SOL, and ADA. The New York Stock Exchange had previously submitted a 19b-4 application to list and trade this ETF. Still adhering to the forecast, a cryptocurrency ETF based on an index will be approved by the end of the year, if not earlier.

On April 2nd, according to Coinglass data, if Bitcoin drops beneath $84,000, the cumulative liquidation intensity of mainstream CEXs will amount to 8.62 billion. Conversely, if Bitcoin surges above $86,000, the cumulative short liquidation intensity of mainstream CEXs will reach 6.65 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Consequently, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that the price, once reached, will undergo a more intense reaction due to a liquidity cascade.

April 2nd: Trader Eugene shared in his personal channel, saying, "I have realized profits on my long position in SOL. With the approaching of the April 2nd tariff day, I have closed out my net position. Nonetheless, I have a hunch that this might be a 'Buy the News' event. Nevertheless, I have adopted a conservative approach and decided to observe instead of trying to take a risk. I have already suffered significant losses this year due to taking risks."