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Analyst: $21.2 Billion Nominal Value Options Set to Expire Today, Market Metrics Show Typical Bear Market Characteristics

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On April 3rd, per data from Greeks.live: - 28,000 Bitcoin (BTC) options are expiring today. The put-call ratio stands at 0.54, the maximum pain point is $68,000, and the notional value totals $1.8 billion. - Additionally, 156,000 Ethereum (ETH) options are expiring today. Their put-call ratio is 0.73, the maximum pain point is $2,075, and the notional value is $320 million. Greeks.live analyst Adam noted that today marks the first weekly expiration following the quarterly expiry. Bitcoin options’ market share has hit a new high, clearly exceeding 80%. In terms of maturity, the most widely held options right now are for late April and late June—each around 23%. Ethereum’s options are more concentrated, with the largest share (roughly 30%) in June contracts, pointing to stronger trading activity in Bitcoin options. The market remains relatively weak: a minor rebound is quickly followed by a drop back to $66,000. Crypto trading activity is still muted, and we’re seeing typical bear market signs—like multiple DeFi project rug pulls. Turning to key options metrics: - Bitcoin’s front-month implied volatility (IV) has dropped below 51%, while Ethereum’s front-month IV is also under 70%. - Realized volatility (RV) continues to decline, and volatility risk premium (VRP)—which rose earlier this week—has now fallen back near the zero line. - Skew has edged slightly lower, though the change is negligible. Bitcoin underperformed in both price and activity during Q1 this year. The first week of Q2 also saw weak performance. Rebuilding market confidence may still take time and capital inflows. Right now, all indicators point to bear market conditions.
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Ant Group: Professional Lobster Product DTClaw Enters Internal Testing

April 3rd: Ant Group announced that its professional lobster product DTClaw has launched internal testing. Unlike the "common shrimp" tools currently on the market—limited to basic tasks like document organization, meeting minutes and information gathering—DTClaw is positioned as a "professional shrimp," offering 24/7 exclusive online AI smart assistant services for professional users including financial experts, marketing specialists and data analysts. DTClaw supports hundreds of professional skills spanning high-value use cases such as finance, investment, data analysis, research and development, and testing. It is deeply integrated with enterprise office, finance, sales and marketing systems to enable workflow automation. Users can deploy it with one click, cutting Token consumption by 50%. (Source: Jinse)

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Analyst: Bitcoin Derivatives Market Dominated by Shorts, Longs Continuously Face Liquidation Pressure

On April 3, CryptoQuant analyst Axel Adler Jr. posted that the **Bitcoin Exchange Position Index (BEPI)** is a comprehensive indicator measuring long/short aggressiveness in derivatives markets, tracking the current open position direction of futures traders. The index’s 30-day Simple Moving Average (SMA-30d) hit a local high of +3.0 on March 17, when Bitcoin traded at $73,925. It has since trended lower consistently, now sitting at -3.1—signaling ongoing short position accumulation. Meanwhile, Bitcoin has fallen from $74,883 to $66,603, with the SMA-30d moving in lockstep with price declines, further confirming a weakening market structure. The **Liquidation Oscillation Index (LOI)** has rebounded from 2.9% in mid-March and is steadily climbing, hitting 18.6% today. This signals ongoing forced long liquidations, preventing the market structure from recovering. Red bars (indicating dominant short liquidations) have been absent since October 2025. Until the 30-day Moving Average (

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Today the US stock market is closed, Non-Farm Payrolls will be released tonight at 8:30 PM, fearing a post-holiday market explosion.

April 3rd: China’s Qingming Festival overlaps with Western Easter, prompting many global financial markets to observe holidays or close early. **Market Status:** - Equities: Europe, U.S., Hong Kong, Taiwan, and Australia stock markets closed for the day. - CME: Precious metals and WTI crude futures suspended all session; forex, U.S. stock, and U.S. Treasury futures closed early. - ICE: Brent crude futures suspended all day. - Chinese exchanges: Shanghai Gold Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange halted night trading. **Key Data Alert:** The U.S. March non-farm payrolls report will be released at 8:30 PM ET tonight. Markets forecast a 60,000 job gain—breaking the prior negative growth trend. While U.S. stocks, international gold, silver, and oil are closed today, the data’s critical impact on the Federal Reserve’s interest rate path could drive sharp market moves when trading resumes next Monday. Traders should cl

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CoinGlass: Bitcoin in Range-Bound Action, Strong Support Around $64,900

On April 3rd, CoinGlass noted that Bitcoin (BTC) whale order book data shows the price is confined to a range. Sell orders are concentrated around $67,500 and in the $67,950-$68,050 zone. Buy orders sit in the $65,600-$65,800 range, with strong support near $64,900. The current market isn’t in a trending phase—it’s consolidating. If the upper sell wall is absorbed, the bias tilts bullish; if lower buy orders are pulled or filled, the bias leans bearish. Until then, price remains trading within the range whales have established.

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CZ's New Book "Freedom of Money" Tops Amazon's Cryptocurrency New Release Chart

On April 3, CZ’s new book *Freedom of Money* claimed the No. 1 spot in Amazon’s Bitcoin & Cryptocurrency New Releases category. Previously, CZ noted the book was set to launch next week—barring any additional edits from the publisher—with the e-book now open for pre-order. The English print edition will roll out simultaneously next week, while other language versions are slated for release in the coming months. All proceeds from the book will go to charity, not for personal profit.

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A whale liquidated 1323 ETH 3 hours ago, resulting in a loss of $1.264 million.

On April 3, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a whale who opened a $3,005.72 ETH long position two months ago has been liquidated, suffering a $1.264 million loss. Three hours prior, the whale (address 0x351…29365) sold 1,323 ETH on-chain at an average price of $2,050.2, totaling $2.71 million—marking their first on-chain activity since opening the position on January 28.

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