News

Golden Ten Data reported on April 1 that Francesco Pesole from ING stated in a report that reopening the Strait of Hormuz may be a necessary condition to drive a larger decline in the US dollar. Trump said that US military operations in Iran could end within two to three weeks, while Iranian President Pezeshkian said that Tehran has the "necessary willingness to end the war" if certain conditions are met. However, it is still unclear whether the Strait of Hormuz will reopen. Pesole stated: "We believe that only when the timetable and path for the reopening of the Strait become clearer will the US Dollar Index (DXY) possibly fall back to the March 23 low of 99.0."

BlockBeats News, April 1st, according to Hyperinsight monitoring, driven by macro news, Brent crude oil experienced significant volatility today. A whale starting with address 0x965 repeatedly chased the rally and sold the dip in the intense market action. Within three hours, both long and short positions were liquidated one after another, with a total liquidation size of over $9.6 million. It is reported that as the news of troop withdrawal landed and oil prices plummeted, the $4.61 million BRENTOIL long position held by this address was the first to be liquidated, resulting in a loss of approximately $148,000. Subsequently, the address quickly reversed to open a short position, with a short size of $4.91 million. After crude oil dropped below $100 and saw a strong rebound, this short position was once again entirely liquidated in the past half an hour, resulting in a loss of approximately $137,000. Currently, the address has reopened a 20x leveraged BRENTOIL short position with a size of $3.91 million, an average price of $102.8, a liquidation price of $105.5, and an unrealized loss of about 5%.

Glonghui April 1st｜Citi has raised Verizon's target price from $50 to $55, maintaining a "Buy" rating.