K33 Research: The news of tariffs on April 2 may increase volatility in the crypto market, and traders still tend to stay on the sidelines for risk aversion

Odaily Planet Daily News K33 Research analysts said that although the cryptocurrency market has been in a quiet upward trend in the past few weeks due to the US government's statements showing a milder attitude towards tariffs and a slightly dovish stance of the Federal Reserve, there are still eight days to go before President Trump's "Liberation Day" (April 2), and tariff-induced volatility may further intensify. K33 Research Director Vetle Lunde and Senior Analyst David Zimmerman pointed out in a report on Tuesday that "US spot Bitcoin ETFs have seen net inflows for eight consecutive days, totaling US$896.6 million, which further highlights that seller pressure is weakening, while Strategy has resumed a large number of Bitcoin purchases. The most severe de-risking phase of BTC seems to have ended, and the market is now returning to a wait-and-see attitude." Chicago Mercantile Exchange (CME) traders remain relatively passive and defensive, while offshore traders are slightly optimistic, but "not completely bullish." Analysts believe that Bitcoin prices are relatively calm, seven-day trading volume hit a five-month low, and leverage is low, but traders remain risk-averse as April 2 approaches. They said the event "will be a big day for volatility" as tariffs remain the main news affecting the market. It is understood that April 2 is the scheduled date for Trump to announce major reciprocal tariffs, a move that could rekindle activity in cryptocurrencies and broader financial markets. (TheBlock)