Jupiter: Unaffected by the Drift Theft Incident

April 2nd — Per HyperInsight monitoring (via https://t.me/HyperInsight), a whale with an address starting with 0x338 faced mounting pressure on its 25x-leveraged ETH long position during a short-term market slump. The position was previously valued at $21.2 million. As prices fell, the address actively cut its ETH long position by 2,400 coins to tweak its liquidation price—but 3,833 long positions still got liquidated, totaling ~$8.04 million. The combined value of active reductions and forced liquidations reached $13.1 million, making this the address with the largest on-chain liquidation size in this round of ETH liquidations. Currently, the address still holds a $7.87 million ETH long position, with an average entry price of $2,105 and a liquidation price of $2,076.

April 2nd — Per LookOnChain monitoring, as Bitcoin fell below $67,000, crypto swing trader whale "pension-usdt.eth" locked in a 21-game winning streak. His current short position holds a floating profit of $2.21 million, pushing his total gains past $32.65 million. As reported yesterday, the whale opened a 3x leveraged short position using 500 BTC.

April 2 – Pepperstone Group research strategist Dilin Wu noted Trump’s speech was indeed disappointing. While claiming victory, Trump threatened to target Iran’s energy and power facilities and signaled a major strike could be launched in the next two to three weeks — essentially business as usual. Earlier comments about withdrawing U.S. troops from the Middle East now appear more like an attempt to soothe markets while retaining pressure options. Evidently, he still favors a "pressure-first" strategy over a full thaw in relations. (FXStreet)

On April 2, IG market analyst Tony Sycamore stated: “Previously, the market’s baseline expectation was that tensions would keep easing—and we’ve seen clear signs of that over the past few days. The trend still holds, but the market’s hungry for more tangible progress. To me, this speech didn’t offer much new insight.” He added: “The Strait of Hormuz remains the biggest wild card in everyone’s playbook. For stocks, it’s a classic ‘buy the rumor, sell the fact’ reaction—while the oil market’s response has been the exact opposite. Right now, uncertainty over the next two to three weeks is hanging over the market.” (Source: FXStreet)

On April 2, stock markets in Japan and South Korea tumbled after Donald Trump failed to outline a clear ceasefire timeline in a national address. The Japanese Nikkei 225 index erased earlier gains, last down 1.1% at 53,151.80 points. South Korea’s KOSPI index dropped 3.00% intraday and was last trading at 5,313.97 points. Trump’s comments dashed market hopes for a swift resolution to the Iran conflict. He stated the U.S. is on the verge of achieving all its military objectives and will launch fierce strikes against Iran in the next two to three weeks. (Source: FX678)

April 2: Moments after Donald Trump concluded his national address, Iran launched another barrage of missiles at Israel. (Kimchi)