Bitunix Analyst: NFP Data Incoming, Crypto Market to Experience High Volatility, BTC Long-Term Focus on 78K Support
On April 4th, the US is going to release the March Non-Farm Payrolls (NFP) data today. This data will serve as a crucial indicator for the market to evaluate the future monetary policy of the Federal Reserve. Market expectations are that if the data is weak, the Fed may accelerate the interest rate cuts, which will benefit the cryptocurrency market. Conversely, if the data is strong, it will dampen risk assets. The expected Non-Farm Payrolls: 139K (previous: 151K); the expected Unemployment Rate: 4.2% (previous: 4.1%); the expected Average Hourly Earnings Monthly Growth Rate: 0.4% (previous: 0.3%).
Bitunx Analyst Suggestion: A weak job market will strengthen the market's expectation of a Fed rate cut later this year, further enhancing market liquidity and the trend of risk assets. BTC is focusing on short-term support at 80K and long-term support at 78K. Recently, the cryptocurrency market has been affected by Trump's tariff policy and the expectations of global economic slowdown, inc
2 minutes ago
Nikkei 225 Index plummets 4.00% intraday, Nasdaq futures extend losses to 1%
On April 4th, based on market data, the Nikkei 225 Index saw a significant intraday decline of 4.00% and is currently trading at 33,339.42 points.
Furthermore, Nasdaq futures continued to lose ground, reaching a 1% drop. The S&P 500 Index futures decreased by 0.85%, and Dow Jones futures fell by 0.75%. (FX168)
2 minutes ago
The blockchain game Infected has announced it will migrate from Base to Solana, citing limitations in EVM scalability.
On April 4th, the blockchain gaming project Infected announced that it will transfer from Base to Solana. It was stated that Base was unable to handle the high volume of transactional demands when their game went live, and this issue was regarded as a structural scaling bottleneck faced by all EVM chains. The team indicated that Solana is more suitable in terms of the user base and developer culture for building consumer-facing applications.
In response, Jesse Pollak, the leader of the Base Protocol, stated that the Base network was operating smoothly during Infected's launch and that the project encountered frontend issues. The Base team was actively providing support.
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A whale recently spent $1.86 million buying PENDLE over the past 3 days, with an average price of $3.
On April 4th, as monitored by Onchain Lens, during the past 3 days, a particular PEPE whale expended 1,016.4 ETH ($1.86 million) to acquire 607,863 PENDLE tokens at an average price of $3 per token.
2 minutes ago
A Whale Buys $2.41 Million Worth of MKR, PENDLE, and HYPE in a 7-Hour Span
On April 4th, according to the monitoring of Spot On Chain, in the past 7 hours, the whale '0xe86' has made purchases. It bought 953.3 MKR ($1.21 million) and 230,500 PENDLE ($707,000). Additionally, it placed two orders to buy 42,900 HYPE at prices of $11.25 and $11.49 ($488,000 in total).
It is worth noting that during the same period, this whale has sold a part of their LINK and AAVE holdings, resulting in a total loss of $506,000.
2 minutes ago
In the last 24 hours, multiple whale addresses have deposited a large amount of ETH to a Centralized Exchange (CEX).
On April 4th, as monitored by The Data Nerd, in the past 24 hours, a large number of institutional addresses have deposited a significant amount of ETH into CEX.
Grayscale deposited 16,247 ETH (approximately $28.63 million).
Blackrock deposited 10,000 ETH (approximately $17.94 million).
Wintemute deposited 34,634 ETH (approximately $62.94 million).
Andre Conje deposited 2,000 ETH (approximately $3.44 million).
James_Fickle deposited 2,350 ETH (approximately $4.19 million).
2 minutes ago