「Buddy」 Ethereum Longs Are Now Over $1.09M in Profit

April 1 — Fidelity Digital Assets noted Wednesday that Bitcoin has fallen roughly 50% in its current market cycle, a pullback far smaller than in prior cycles, and suggested this trend could persist over time. Fidelity Digital Assets research analyst Zack Wainwright said Tuesday that Bitcoin has historically seen sharp 80% to 90% pullbacks after hitting new all-time highs—but this cycle’s retracement is around 50%. Looking at Bitcoin’s price performance relative to the peak of the prior cycle, a “diminishing returns” pattern has emerged between cycles, he added. “Each cycle’s upward momentum has weakened compared to the one before,” Wainwright explained. “This cycle—extending to 2026—has also seen reduced downside risk.”

April 1: A Goldman Sachs analyst noted in a report that U.S. Federal Funds Rate market pricing has seen significant volatility since the outbreak of the Iran-Iraq conflict, but the likelihood of a rate hike this year remains low. The analyst pointed out the current supply shock is relatively small, with a more limited inflation impact than past shocks that triggered inflation concerns. Oil price gains are also smaller than those in the 1970s. Additionally, the analyst argued: “The economy’s starting point makes large-scale inflation spillover less likely,” and the current monetary policy starting point has cut rate hike odds. Key takeaway: “The Fed typically does not tighten policy solely in response to an oil shock.”

April 1: Per Bitget data, South Korea’s KOSPI index closed up 9% and is currently at 5,507.50 points. Japan’s Nikkei 225 index surged 5% intraday and now trades at 53,625.91 points.

On April 1st, per PeckShieldAlert’s monitoring, LML was hacked, resulting in losses of roughly $950,000. This attack triggered a 99.6% plunge in the LML token’s value. The attacker swapped $950,000 worth of USDT for 450.6 ETH and deposited the ETH into Tornado Cash.

April 1st: Per LookOnChain data, whale address 0x049b holds a 20x leveraged long position comprising 19,007 ETH (valued at $40.08M) and 587 BTC (valued at $40.05M).

On April 1st, per data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the whale dubbed the "Shanzhai Air Force Leader" briefly added $3.18 million to flatten its WTIOIL (WTI Crude Oil) short position. Its total WTIOIL short position now stands at $8.18 million, with an average entry price of $97.67 and a floating loss of $370,000 (-11%). Additionally, the whale holds a 20x leveraged short position in BRENTOIL (Brent Crude Oil) valued at $9.98 million, with an average entry price of $107.36 and a floating profit of $280,000 (6%). Its total crude oil positions currently exceed $18.1 million. This address specializes in short selling: it has held short positions in over 20 cryptocurrencies during market downturns, accumulating $89 million in total profit across its trading cycle. Recently, after nearly fully closing its crypto positions, it has shifted into commodities.