If Bitcoin drops below $65,000, the mainstream CEX long liquidation volume will reach 1.028 billion.

**India Resumes Iranian Crude Imports Amid Middle East Supply Turmoil** India’s Ministry of Petroleum announced Saturday that its oil refineries have purchased Iranian crude oil as Middle East turmoil disrupts supplies through the Strait of Hormuz. As the world’s third-largest oil importer and consumer, India had not received Iranian oil shipments since May 2019, when U.S. pressure forced it to halt purchases. Supply disruptions linked to the U.S.-Iran conflict have hit India hard. Last month, the U.S. temporarily lifted sanctions on Iranian oil and petroleum products to ease global shortages. In a post on social platform X, the ministry stated: “Against the backdrop of disrupted Middle East supplies, Indian oil refineries have met their crude oil requirements—including from Iran—and there are no payment barriers for Iranian crude imports.” The ministry added India has secured all crude oil needs for the coming months. “India imports crude from more than 40 countries, and c

April 4th — Glassnode data reveals Bitcoin’s “Sharks” (holders with 100–1,000 BTC) and “Whales” (1,000–10,000 BTC) posted average daily losses of roughly $188.5 million and $147.5 million, respectively, in Q1 2026 — totaling around $337 million daily. Year-to-date cumulative locked losses have hit $30.9 billion, approaching 2022 bear market levels. Analysts note current selling pressure stems from rising macro risks (inflation expectations, AI trading congestion, etc.) and waning market confidence, with large holders accelerating exits via stop-losses. Meanwhile, Long-Term Holders (LTH) continue to post an average daily loss of ~$200 million, signaling no clear “selling pressure exhaustion” yet. Institutions warn Bitcoin faces further downside risk amid multiple pressures, with some projecting a potential bottoming range of $40,000–$50,000.

**April 4 (New York Post) — U.S. Secretary of Defense Pete Hegseth was paranoid about being replaced by Army Secretary Dan Drieskell, prompting Army Chief of Staff Gen. Randy George — Drieskell’s top aide — to be asked to resign immediately. Hegseth has not publicly stated a reason for the resignation request.** **An anonymous official noted the move stems from Hegseth’s personal insecurity following the 2025 Signalgate incident, as tensions escalate within the Pentagon amid the Iran conflict.**

**On April 4, the People’s Court of Qinzhou District in Tianshui City, Gansu Province, China, ruled in a criminal case involving virtual currency cash-out assistance.** The defendant, lured by "high-paying part-time errands," knowingly participated in hiding fraudulently obtained funds. Over seven days, the individual made multiple cash withdrawals in surveillance blind spots totaling more than 390,000 yuan (≈$54,000, approximate conversion), converted the funds to virtual currency, and transferred them to upper-level operators—earning 21,500 yuan in illegal gains. The court convicted the defendant of concealing and covering up criminal proceeds, sentencing them to two years and four months in prison, imposing a 10,000-yuan fine, and ordering the confiscation of all illegal gains. In a public reminder, the judge noted that offline cash withdrawal has become a key link in laundering proceeds of telecom fraud. "Cash withdrawal errands" and "high-paying daily settlements" are oft

April 4th — Matthew Sigel, Director of Digital Asset Research at VanEck, noted the Bitcoin derivatives market has flashed a clear **contrarian long signal**, with the firm shifting to a more bullish stance overall. Sigel pointed out demand for protective bearish put options has hit a historical 99th percentile. The sharp rise in hedging premiums investors pay historically signals the market is nearing a bottom — a classic contrarian long indicator. He added holders from 3–5 years ago had been taking profits concentratedly from Q4 2025 through Q1 2026, but selling pressure has dropped sharply recently, helping stabilize the market. On strategy: VanEck’s NODE Fund aims to outperform Bitcoin itself with lower volatility by allocating to Bitcoin mining firms and AI infrastructure assets. The team also maintains a low allocation to high-leverage plays like Coinbase and MicroStrategy due to caution around leverage risk. Further, Sigel sees expanding valuation re-rating potential

April 4th, stablecoin issuer Tether is urging investors to join its new funding round within the next two weeks, targeting a valuation as high as $500 billion—should market demand fall short, the firm could delay the plan. This valuation would catapult Tether into the league of the world’s biggest financial firms, second only to JPMorgan Chase and ahead of Bank of America. Its core product USDT currently has a market cap of ~$184 billion, making it the world’s largest stablecoin. Earlier reports suggested Tether weighed raising $15B–$20B via private funding at a ~$500B valuation, though CEO Paolo Ardoino noted those figures were merely speculative talks. He has repeatedly defended the valuation, however, arguing the firm’s profitability rivals high-growth sectors like AI. Separately, Tether is advancing its audit efforts. It has reportedly tapped KPMG for the first full reserve audit of USDT, while PwC is supporting internal system readiness work—seen as a key step toward grea