Diversitas

Crypto Market Pulse 👀

• Positive Coinbase Premium✅
• Small but positive $BTC ETF flows 👌
• Trump "We will have a deal with China🤔
• $BTC is starting to chart its own path, decoupling from TradFi bit by bit💪
• Multiple governments and sovereign wealth funds have approached Binance about creating crypto reserves👀
• The European Central Bank cuts interest rates by 25 bps for their 7th consecutive cut 📉

Most importantly, 3-Day Chart (RSI/MACD) are showing bullish signs. Perfect setup for a bullish trend pivot🚀

Crypto Market Pulse 👀

Bitcoin continues to hold steady despite broader market turbulence and ongoing tariff drama. A big reason for this resilience seems to be the growing strength of its investor base. ETFs have quietly posted positive inflows both over the past month and year-to-date, with BlackRock’s $IBIT alone adding $2.4 billion so far, placing it among the top 1% of all ETFs in 2025.

Behind the scenes, long-term holders like Michael Saylor and ETF buyers have been steadily absorbing supply from weaker hands — including panic sellers, FTX liquidations, GBTC exits, and even government auctions. This shift toward stronger hands is already reducing volatility and setting the stage for a more stable market structure going forward.

At the moment, Bitcoin is still closely tied to traditional markets, but history suggests this won’t last. Similar setups played out during the early 2020 Covid crash, where Bitcoin first moved in sync with stocks before eventually decoupling and leading the next cycle higher. Once that decoupling happens, we expect altcoins to follow with an explosive move of their own🤔

Crypto Market Pulse 👀

Bitcoin continues to mirror traditional markets, with correlations to the S&P 500, Dow, and Russell 2000 all surging above 0.75 since Trump’s trade war headlines first rattled markets in March. The macro environment is still setting the tone for price action, and today’s headlines only reinforced that link🤦‍♂️

Nvidia added fuel to the fire, announcing the U.S. government has indefinitely blocked sales of its H20 chips to China — a move expected to wipe $5.5 billion off its Q1 earnings. The stock dropped over 5% on the news, underscoring how fragile sentiment remains around tech sector😱

Meanwhile, the White House says Trump is “open to a deal” with China, offering a potential off-ramp to ease tensions — though markets are still waiting for something concrete⌛

On the crypto front, the mood is more constructive. Semler Scientific is doubling down on Bitcoin exposure, filing to raise $500 million for more BTC purchases. ETF flows have also turned positive again, with BlackRock leading the way — a strong sign that institutional appetite is still alive beneath the surface💪

Finally, futures data shows bulls are quietly but firmly regaining control. Since April 11, Binance Futures have been dominated by aggressive buyers, with sellers struggling to push back🤔

Despite the short-term volatility, Bitcoin’s underlying demand remains strong. For altcoins to truly gain momentum, we believe Ethereum needs to break out first — so we’re holding off on increasing our ETH and altcoin exposure for now. If that breakout doesn’t come sooner, a relief rally is likely on the horizon in May, when FTX is expected to distribute the remaining funds to its creditors👀

Crypto Market Pulse 👀

• 🇯🇵 Japanese Metaplanet purchased 319 BTC for $26M.
• 🏢 Strategy expanded its holdings with another 3,459 BTC ~$285M.
• 🇨🇳 Chinese banks cut deposit rates below 2%, signaling more stimulus on the way as authorities look to support markets.
• 💸 Bessent hints at potential stock buybacks, adding: “We could run up buybacks if we wanted.”
• 🇨🇦 SOL ETFs set to go live in Canada on April 16 — another step forward for institutional crypto exposure.
• 🏛️ Crypto meets Washington: Anthony Pompliano visits the White House for a sit-down with Bo Hines to discuss the administration’s crypto roadmap.

https://x.com/APompliano/status/1911903614572089507  

1. Market Overview

This week was a rollercoaster for global markets, with extreme volatility early on driven by the deepening trade war and growing concerns over economic stability. However, as the week progressed, sentiment began to shift, and by the end of the week, markets found solid ground on the back of several encouraging developments. The biggest relief came over the weekend when President Trump announced that smartphones, computers, and chips will be exempt from the new round of tariffs🤔

The Federal Reserve signaled it is ready to step in with support if financial conditions continue to deteriorate, helping to ease some of the immediate pressure on both equities and bonds. On the inflation front, the latest data showed price growth is cooling sharply — a welcome sign for both investors and policymakers, as it suggests the Fed’s tightening cycle may be nearing its end. At the same time, global liquidity remains strong, with global M2 money supply hitting a new all-time high, providing a major tailwind for risk assets📈

Finally, the news that the U.S. is actively negotiating new trade deals helped calm fears of an uncontrollable escalation in the trade war. All in all, what began as a panic-driven week ended with markets regaining stability and several positive catalysts lining up for the weeks ahead👀