Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

On April 8th, QCP issued a market note noting that Bitcoin rebounded above $71,000, driven by the two-week conditional ceasefire between the U.S. and Iran—but the truce has yet to deliver a lasting resolution. Options markets signal this rally is more event-driven than fundamental, with front-end BTC implied volatility falling while skew widens and demand for downside put options remains strong. The term structure stays in contango, indicating markets haven’t abandoned hedging. QCP adds current market caution is warranted: A recent attack on Saudi energy infrastructure underscores turmoil risks persist even as shipping resumes. Macro conditions remain complex: U.S. employment data has rebounded, but key labor metrics are weakening—leaving the Fed to balance slowing growth and resurgent energy-fueled inflation. This week’s CPI will be the next critical test.

April 8: Per HyperInsight monitoring, the address 0x8def... (tied to Hyperliquid early contributor Loracle) has opened a 10x leveraged short position in WTIOIL (WTI Crude Oil). The position consists of 190,738.62 contracts, valued at approximately $17.8039 million, with an average entry price of $93.68. Its current liquidation price is $100.53. As of now, WTI Crude (CL) trades at $93.34, leaving the short position with a slight floating profit of roughly $20,000.

On April 8th, crypto contract whale @Jason60704294 (alias: "First set 10 major goals") disclosed a 3x short position on Bitcoin, with the position currently holding 24.488 BTC.

On April 8, ship-tracking platform MarineTraffic recorded the first wave of vessel movements through the Strait of Hormuz following the U.S.-Iran ceasefire agreement. The Greek bulk carrier **NJ Earth** transited the strait at 08:44 GMT, while the Liberian-flagged vessel **Daytona Beach** passed through at 06:59 GMT. Prior to that, the **Daytona Beach** had departed Abadan Port at 05:28 GMT. Per MarineTraffic data, hundreds of vessels remain in the area—including 426 oil tankers, 34 liquefied petroleum gas (LPG) carriers, and 19 liquefied natural gas (LNG) carriers. Source: CCTV News

On April 8, U.S. President Donald Trump stated that if the United States fails to negotiate a deal with Iran, it could easily resume military action against the country. (Xinhua News Agency)

Early April 8 Beijing time—near the original “ultimatum” deadline—Iran struck a two-week ceasefire deal with the U.S. and Israel under special terms. With Iran coordinating, the Strait of Hormuz will be safe for passage over the next two weeks. Notably, both sides later claimed victory. U.S. President Trump told Agence France-Presse in an April 7 interview that Iran’s uranium enrichment issue would be “perfectly resolved.” He also called the two-week ceasefire a “total and complete victory” for the U.S. Per CCTV News, Iran’s Supreme National Security Council (SNSC) congratulated all Iranians on the victory in a statement, which outlined U.S. commitments in principle: - No further military action - Recognition of Iran’s continued control over the Strait of Hormuz - Acceptance of Iran’s uranium enrichment activities - Lifting of all primary and secondary sanctions on Iran - Payment of compensation for Iran’s losses But that statement was quickly contradicted in subsequ