Trump Concludes Iran Remarks, Gold Retreats 0.79% Intraday, WTI Crude Up Over 4.1%

April 2nd — Per HyperInsight monitoring, a whale address (0x965) was fully liquidated after taking losses on both a BrentOil short position and a BTC long position amid a sharp crude oil rally and steep BTC price drop yesterday. The liquidation marked the day’s largest single liquidation across the network and topped the list for total liquidation size of large commodity positions network-wide. Details follow: - **BrentOil Short Position**: Total liquidation value of $4.69 million, resulting in ~$137,000 in losses. The address has since opened a new 20x leveraged short position worth $5.67 million, with a liquidation price of $107.3. - **BTC Long Position**: 75.3 long positions liquidated (equivalent to $5.06 million total), causing ~$70,000 in losses. A single liquidation within this position reached $4.05 million. Sources note the address repeatedly chased rallies and faded drops during yesterday’s volatile crude oil session. Within three hours, both long and short positions

Bitcoin led a pullback in the crypto market once again on April 2, following a tough speech by former U.S. President Donald Trump. Per HTX market data, Bitcoin fell below $67,000 and was last trading at $66,819.76 as of press time, with a 24-hour decline of 3.01%. Coinglass figures show total liquidations across the network reached $138 million over the past four hours, with long positions accounting for $116 million of that total.

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)