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Trump: Core Strategic Goal Within Reach, Gas Price Spike a 'Short-Term' Phenomenon

2 hours ago

**April 2: Trump on Iran, US Energy Independence & Gas Prices** Former US President Donald Trump said April 2 that Iran’s missile and drone launch capabilities have been greatly diminished, vowing he will never allow Iran to obtain nuclear weapons. He added the US is now fully independent of Middle East energy—partly due to Venezuela’s oil and gas resources. Calling the Iran nuclear deal “flawed,” he said it should never have been struck. On the Iran issue, Trump claimed the core strategic goal is nearly achieved, stressing the mission must be completed quickly. Regarding recent gasoline price hikes, he labeled them a “short-term” phenomenon, predicting a sharp increase in oil production soon. He also stated the US economy has never been so well-prepared.
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Trump's Speech Wipes Out Bitcoin's Two-Day Gain, Market Retests the $67,000 Range

Bitcoin led a pullback in the crypto market once again on April 2, following a tough speech by former U.S. President Donald Trump. Per HTX market data, Bitcoin fell below $67,000 and was last trading at $66,819.76 as of press time, with a 24-hour decline of 3.01%. Coinglass figures show total liquidations across the network reached $138 million over the past four hours, with long positions accounting for $116 million of that total.

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An ETH Whale Long has been liquidated multiple times, with a total of 8 million USD liquidated in the latest round. The next liquidation price is at 2076 USD.

April 2nd — Per HyperInsight monitoring (via https://t.me/HyperInsight), a whale with an address starting with 0x338 faced mounting pressure on its 25x-leveraged ETH long position during a short-term market slump. The position was previously valued at $21.2 million. As prices fell, the address actively cut its ETH long position by 2,400 coins to tweak its liquidation price—but 3,833 long positions still got liquidated, totaling ~$8.04 million. The combined value of active reductions and forced liquidations reached $13.1 million, making this the address with the largest on-chain liquidation size in this round of ETH liquidations. Currently, the address still holds a $7.87 million ETH long position, with an average entry price of $2,105 and a liquidation price of $2,076.

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Whale Trader "pension-usdt.eth" Secures 21 Consecutive Wins, Latest Short Position Enjoying $2.21 Million Profit

April 2nd — Per LookOnChain monitoring, as Bitcoin fell below $67,000, crypto swing trader whale "pension-usdt.eth" locked in a 21-game winning streak. His current short position holds a floating profit of $2.21 million, pushing his total gains past $32.65 million. As reported yesterday, the whale opened a 3x leveraged short position using 500 BTC.

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Insight: Trump Appears to Still Favor a 'Pressure-First' Strategy

April 2 – Pepperstone Group research strategist Dilin Wu noted Trump’s speech was indeed disappointing. While claiming victory, Trump threatened to target Iran’s energy and power facilities and signaled a major strike could be launched in the next two to three weeks — essentially business as usual. Earlier comments about withdrawing U.S. troops from the Middle East now appear more like an attempt to soothe markets while retaining pressure options. Evidently, he still favors a "pressure-first" strategy over a full thaw in relations. (FXStreet)

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Analyst: Market Hungry for More Progress, Sees Several Weeks of Uncertainty on Iran War

On April 2, IG market analyst Tony Sycamore stated: “Previously, the market’s baseline expectation was that tensions would keep easing—and we’ve seen clear signs of that over the past few days. The trend still holds, but the market’s hungry for more tangible progress. To me, this speech didn’t offer much new insight.” He added: “The Strait of Hormuz remains the biggest wild card in everyone’s playbook. For stocks, it’s a classic ‘buy the rumor, sell the fact’ reaction—while the oil market’s response has been the exact opposite. Right now, uncertainty over the next two to three weeks is hanging over the market.” (Source: FXStreet)

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Fleeting Victory Illusion Shattered in Market, Japanese and South Korean Stocks Plummet

On April 2, stock markets in Japan and South Korea tumbled after Donald Trump failed to outline a clear ceasefire timeline in a national address. The Japanese Nikkei 225 index erased earlier gains, last down 1.1% at 53,151.80 points. South Korea’s KOSPI index dropped 3.00% intraday and was last trading at 5,313.97 points. Trump’s comments dashed market hopes for a swift resolution to the Iran conflict. He stated the U.S. is on the verge of achieving all its military objectives and will launch fierce strikes against Iran in the next two to three weeks. (Source: FX678)

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