{"id":22917,"date":"2025-04-10T16:08:44","date_gmt":"2025-04-10T13:08:44","guid":{"rendered":"https:\/\/forklog.com\/en\/kaiko-liberation-day-fuels-investor-pessimism-in-crypto-markets\/"},"modified":"2025-04-10T16:08:44","modified_gmt":"2025-04-10T13:08:44","slug":"kaiko-liberation-day-fuels-investor-pessimism-in-crypto-markets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kaiko-liberation-day-fuels-investor-pessimism-in-crypto-markets\/","title":{"rendered":"Kaiko: &#8216;Liberation Day&#8217; Fuels Investor Pessimism in Crypto Markets"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Interest in Bitcoin put options dominates for May-June, while calls are focused on December expirations.<\/li>\n<li>Market participants anticipate a retaliatory move from Beijing in response to Trump&#8217;s actions, posing a threat to the current rally.<\/li>\n<\/ul>\n<\/div>\n<p>Bitcoin derivatives markets show weak demand for bullish positions following President Donald Trump&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/trump-declares-liberation-day-with-new-tariffs\">&#8216;liberation&#8217; tariffs<\/a>, as investors reassess their prospects for 2025, according to a Kaiko report.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In our latest Data Debrief:<\/p>\n<p>? Post-tariff market rout.<br \/>\u2705USDC market share hits an all-time high.<br \/>? Volumes on Korean platforms tumble.<\/p>\n<p>Read the full analysis here?<a href=\"https:\/\/t.co\/Ucbr9ZKXeM\">https:\/\/t.co\/Ucbr9ZKXeM<\/a> <a href=\"https:\/\/t.co\/051xKTFDFG\">pic.twitter.com\/051xKTFDFG<\/a><\/p>\n<p>\u2014 Kaiko (@KaikoData) <a href=\"https:\/\/twitter.com\/KaikoData\/status\/1909268476465754223?ref_src=twsrc%5Etfw\">April 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts noted minor fluctuations in funding rates, slightly above zero, indicating low leverage levels following recent liquidations.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1506.webp\" alt=\"1-1506\" class=\"wp-image-256340\"\/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<p>In the options market, interest has shifted towards puts, accounting for 65.2% of trading volume, indicating increased demand for downside protection.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1069.webp\" alt=\"2-1069\" class=\"wp-image-256341\"\/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<p>Uncertainty following President Trump&#8217;s announcement of &#8216;reciprocal tariffs&#8217; has led to increased implied volatility across all near-term expirations.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-599.webp\" alt=\"3-599\" class=\"wp-image-256342\"\/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<p>Specialists noted significant demand for puts with strikes at $70,000 and $60,000, driven by heightened macroeconomic uncertainty.<\/p>\n<p>In <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/67f6da81b71f096081787e11-Binance-Exchange-Reserve-22106-BTC?amp;utm_medium=sns&#038;utm_campaign=quicktake&#038;utm_content=maartunn&#038;utm_term=binance\">CryptoQuant<\/a>, similar conclusions were drawn regarding the underlying causes of current market sentiment. They recorded an increase in Binance&#8217;s Bitcoin balance by 22,106 BTC over the past 12 days, from 568,768 BTC to 590,874 BTC.  <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-371-1024x576.png\" alt=\"4-371\" class=\"wp-image-256343\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-371-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-371-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-371-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/4-371.png 1365w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Fragile Truce<\/h2>\n<p>QCP Capital noted the weakening of the yuan against the US dollar to 7.3498, marking an 18-year low. The depreciation followed Trump&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-past-81000-amid-trumps-tariff-pause\">announcement<\/a> of a temporary maintenance of tariffs at 10%. Tariffs on Chinese imports remained at 104%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Asia Colour \u2014 10 Apr 25<\/p>\n<p>1\/ If \u201cMake America Wealthy Again\u201d were a stage production, last night was its dramatic crescendo. President Trump paused planned tariff hikes for 90 days, while introducing a blanket 10% tariff on all countries except China. Markets loved it \u2014 the S&#038;P\u2026<\/p>\n<p>\u2014 QCP (@QCPgroup) <a href=\"https:\/\/twitter.com\/QCPgroup\/status\/1910273740136661112?ref_src=twsrc%5Etfw\">April 10, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts reminded that the devaluation of the national currency maintains the competitiveness of Chinese exports amid tightening trade policies.<\/p>\n<p>Market participants anticipate a retaliatory move from Beijing, threatening to derail the current rally and transform it into a classic bull trap.<\/p>\n<p>Analysts urged caution, noting the predominance of put purchases for May-June, which may indicate market makers offloading &#8216;unwanted positions.&#8217;<\/p>\n<p>Specialists pointed to positive prospects in the longer term due to the concentration of December call purchases with a strike at $100,000.<\/p>\n<p>As reported in Glassnode, <a href=\"https:\/\/forklog.com\/en\/news\/glassnode-sizes-up-the-impact-of-trumps-tariffs-on-bitcoins-outlook\">an on-chain analysis<\/a> of digital gold was conducted following Trump&#8217;s tariff hikes.<\/p>\n<p>Earlier, former BitMEX CEO Arthur Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-surge-amid-yuan-weakness\">stated<\/a> that new US tariffs could trigger a capital shift into digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interest in Bitcoin put options dominates for May-June, while calls are focused on December expirations. Market participants anticipate a retaliatory move from Beijing in response to Trump&#8217;s actions, posing a threat to the current rally. Bitcoin derivatives markets show weak demand for bullish positions following President Donald Trump&#8217;s &#8216;liberation&#8217; tariffs, as investors reassess their prospects [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1205,1261,1224,1150],"class_list":["post-22917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptoquant","tag-kaiko","tag-macroeconomics","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22917"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22916"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}