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BlockBeats News, April 3 — According to Coinglass data, the crypto market weakened and returned to lower levels after Trump's speech. Bitcoin is currently priced at $66,435, down 0.55% in the past 24 hours; Ethereum is currently priced at $2,048, down 0.53% in the past 24 hours. Funding rates on mainstream CEX and DEX platforms show that bearish sentiment toward BTC and ETH has eased compared to before, but funding rates on major exchanges remain negative, with no significant divergence between the two. The specific funding rates for major coins are shown in the attached image. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to keep contract prices in line with underlying asset prices, usually applied to perpetual contracts. It is a mechanism for fund exchanges between long and short traders; the trading platform does not charge this fee. The rate adjusts the cost or yield of holding contracts to keep contract prices close to those of the underlying assets. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is above 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.

The price of Shanghai aluminum futures has declined, but is expected to record the largest single-week gain in nearly a month. With strong geopolitical drivers yet suppressed by macro factors, has the “war premium” in aluminum prices been excessively exhausted?

BlockBeats News, on April 3, according to Hyperinsight monitoring, the “chasing gains and cutting losses” whale (0x965) has once again been repeatedly liquidated overnight and this morning. S&P500 long positions, TAO long positions, and BRENTOIL short positions were all liquidated, with a total liquidation amount reaching 23.85 million US dollars. Among them, a single S&P500 long position liquidation scaled as high as 17.3 million US dollars, becoming the largest single liquidation address across the entire network in the past 24 hours. During the same period, the address injected an additional 910 thousand US dollars into Hyperliquid to rebuild positions. Looking back over the past week, this whale repeatedly chased gains and cut losses on multiple assets including BTC, ETH, HYPE, S&P500, and BRENTOIL, and has been liquidated 37 times, with a total scale as high as 116 million US dollars. Each liquidation was followed by a new capital injection to reopen positions, in a continuous cycle. As of press time, the address has shifted its position focus to BTC and ETH longs, opening positions with 11 million US dollars in high-leverage trades. The current unrealized loss has reached 46%, with BTC liquidation price at 66,042 US dollars and ETH liquidation price at 2,022 US dollars.