Current mainstream CEX, DEX funding rates show the market slightly returning to neutrality

April 1 – Per HyperInsight monitoring, a new wallet starting with 0x9d3 transferred three large sums totaling $19.6 million to Hyperliquid overnight, all withdrawn from its Binance account. At the time, WTI and Brent crude had fallen to recent lows amid expectations of easing geopolitical tensions. The wallet went bottom-fishing, opening 20x leveraged long positions on both WTIOIL and BRENTOIL, and continuously added to its holdings via rollovers in the hour prior to the reporting cutoff. It now holds the largest WTI crude long position on Hyperliquid. The total size of the two long positions has since grown to $43.7 million, with average entry prices of $102.2 (WTI) and $106.5 (Brent). The move is a heavy bet on renewed geopolitical tensions and a rebound in oil prices.

On April 1, Israeli Prime Minister Benjamin Netanyahu delivered a video address, stating that while Iran and its backed armed groups still retain limited ability to threaten Israel, they can no longer pose an existential threat to the country. Netanyahu also noted that in the past, Israel “stood alone against Iran,” but today it is “fighting alongside the United States” — a claim he framed as unprecedented cooperation between U.S. President Donald Trump and himself, as well as between the U.S. and Israeli militaries. He added that Israel is forging new alliances with some key regional nations to address what he described as the “Iranian threat,” though he did not name the countries involved or provide further details. (CCTV International News)

Hyperinsight data indicates that on April 1, the linked address of MakerDAO co-founder Rune partially closed out its long position in WTIOIL (WTI Crude Oil), with the long-short combination of crude oil and U.S. stock indices moving toward balance. Currently, the address holds roughly $8.5 million in long positions across WTI Crude Oil and Brent Crude Oil, and about $6.3 million in short positions covering the Nasdaq 100 and S&P 500—totaling over $14.8 million in holdings. As of press time, the whale has not further reduced positions today. Over the past week, escalating geopolitical tensions let the combination lock in over $1.4 million in profits. But a U.S.-Iran ceasefire signal lifted market sentiment today, pushing oil prices lower and U.S. stock indices higher. Stagflation trading dynamics came under brief pressure, and the address subsequently gave back roughly $600,000 in profits.

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.