BiyaPay Analyst: Bitcoin Drops by Almost $100,000, US Stock Crypto Concept Stocks Experience Another Heavy Setback, Short ETF Surges

On April 1st, data from Defillama shows that PolyMarket—a prediction market—ranked 7th among crypto protocols in daily revenue, totaling $550,000. As previously reported by BlockBeats, starting March 30th, PolyMarket will begin charging taker fees for the first time on nearly all trading categories. The new fee structure uses variable rates: crypto-related contracts have a peak rate of up to 1.8%, with actual fees adjusting dynamically based on share prices and market conditions. Sports, finance, politics, culture, weather, and general categories feature lower tiered fees, while other specified categories and peak fees for certain economic forecasts are higher, around 1.5%.

On April 1, Farside Investors reported that U.S. Bitcoin spot ETFs saw a net inflow of $117.5 million yesterday, broken down as follows: - BlackRock IBIT: +$98.4M - Fidelity FBTC: +$16.2M - Bitwise BITB: +$1.8M - ARK ARKB: +$1.1M Additionally, U.S. Ethereum spot ETFs recorded a net inflow of $31.2 million yesterday, with details: - BlackRock ETHA: +$24.7M - BlackRock ETHB: +$1.1M - Fidelity FETH: +$1.6M - Bitwise ETHW: +$1.2M - 21Shares TETH: +$2.6M

April 1st: On-chain data analyst Yu Jin reported that a SIREN on-chain manipulation address spent 144,000 USDT half an hour ago to buy back 500,000 SIREN tokens at $0.288 each. Half a month earlier, the same address sold 500,000 SIREN at $0.947 per token, netting 473,000 USDT. After today’s price drop, its 144,000 USDT buyback has yielded a profit of 329,000 USDT while holding the same amount of controlled tokens. The address still holds 645 million SIREN tokens, currently valued at $155 million—down from $1.44 billion just a week ago.

On April 1, Tom Lee told CNBC in an interview that he believes the market has already absorbed 90-95% of selling pressure, the selling cycle may have ended, and rebuilding can now begin. He emphasized that stocks typically bottom out early in wartime environments: “We’ve studied every war since 1900, and markets tend to hit a bottom within the first 10% of the conflict’s duration. If this follows that pattern, we’re in the early stages now.” Right now, any negative news can spark risk-off moves—this is why position sizing matters, he added. “At some point, if investors grow too neutral, the market could stage a V-shaped rebound even if conditions aren’t that dire.” Lee also noted on social media that even if a bottom hasn’t been hit yet, he thinks the U.S. economy can handle $100 or even $120 oil.

April 1: South Korea’s KOSPI index surges 7% intraday, currently at 5,407.10 points, per Bitget data.

On April 1, UX Chain—a lending blockchain in the Cosmos ecosystem—officially announced it will gradually suspend operations. Users must close out all open positions before the platform’s full liquidation process kicks off on April 30. The protocol is expected to be fully shut down by May 15. UX reserves and the treasury will cover the protocol’s funding gap.