Hello traders! Today the market is bleeding red. The Fear & Greed Index has plummeted to 9 points (Extreme Fear), the lowest level in months. Let’s take a look at what’s happening.

1. Bitcoin Continues to Slide to $66,800 — Market Fears Iran Tensions

According to data from CoinGabbar, Bitcoin (BTC) has dropped to approximately $66,868, a decrease of about 0.82-1.28% in 24 hours. After hitting $69,268 on April 1, the market fell sharply following Trump’s speech signaling a hardline stance against Iran instead of easing tensions as investors hoped. Analyst Benjamin Cowen noted that this might just be a typical midterm year pattern where BTC tends to consolidate in April, rather than being solely about political news.

2. WTI Crude Surges 14% in a Single Day, Pressuring the Crypto Market

Another major downward pressure factor is the price of WTI Crude Oil, which soared to $113 per barrel, an increase of over 14% in one day according to CoinDesk. Rising inflation concerns are putting pressure on the Fed to hold off on interest rate cuts, leading investors to sell off risk assets, including crypto. For those trading on SiamDEX, Brent Oil (BRENTOIL) and WTI (CL) on HIP-3 moved aggressively upward today.

3. Today’s Jobs Report — Could Shake BTC Again

As analyzed by 24/7 Wall St., the March Non-Farm Payroll figures will be released today at 8:30 AM ET. Since the stock market is closed for Good Friday, crypto will be the only market reacting to this data in real-time. If the numbers are worse than expected, BTC might bounce back to test $70,000. However, if they exceed expectations, it could drop further to test the $65,000 support level.

4. Hyperliquid HIP-3 Open Interest Hits All-Time High of $2.3B

Some good news amidst a red market! According to CoinGecko, Hyperliquid HIP-3 Open Interest has surged to an All-Time High of $2.3 billion, reflecting that traders are still actively using the platform despite market volatility. Meanwhile, the HYPE token is trading around $34.8, down approximately 10.6% over the past week.

5. DeFi TVL Holds at $91B Despite Market Downturn

According to DefiLlama, the Total Value Locked in DeFi remains steady at around $91.3 billion, even as the broader crypto market fell by 2.4%. Ethereum remains the chain with the highest TVL. The Stablecoin market cap stands at $316 billion, indicating that capital is remaining within the ecosystem but shifting into stablecoins for safety.

6. X (Twitter) to Lock Accounts Posting Crypto Content for the First Time

Elon Musk's X has announced a new measure that will lock accounts posting crypto-related content for the first time, requiring identity verification. As reported by CoinGabbar, Product Lead Nikita Bier stated this measure aims to combat the scams and phishing currently rampant on the platform.

Quick Take

The market is currently in Extreme Fear mode. The primary drivers are Iran tensions + high oil prices + anticipation of the Jobs Report. For traders using SiamDEX on Hyperliquid, this volatility presents both Long and Short opportunities depending on the economic data outcomes. However, exercise caution with leverage as liquidity may be lower during the Good Friday holiday.

⚠️ DYOR — This article is a news summary only and does not constitute investment advice. Crypto trading involves high risk; always conduct thorough research before making any decisions.

Total Value Locked (TVL) ใน DeFi protocol ทั่วโลกแตะระดับ $100 พันล้านดอลลาร์ เป็นครั้งแรกในประวัติศาสตร์ ตามข้อมูลจาก DeFi Llama สะท้อนให้เห็นการเติบโตของ decentralized finance อย่างก้าวกระโดด

Protocol ที่มี TVL สูงที่สุด ได้แก่ Aave (lending), Uniswap (DEX spot), Lido (liquid staking) และ Hyperliquid (perpetual DEX) ซึ่ง Hyperliquid เติบโตเร็วที่สุดในกลุ่มด้วย TVL ที่เพิ่มขึ้นกว่า 300% ใน 12 เดือน

การเติบโตของ DeFi TVL มาจากหลายปัจจัย ได้แก่ yield ที่สูงกว่า traditional finance, institutional adoption ที่เพิ่มขึ้น, และ UX ที่ดีขึ้นอย่างมากทำให้ผู้ใช้ทั่วไปเข้าถึงได้ง่ายขึ้น

สำหรับคนไทย การเข้าถึง DeFi ผ่าน SiamDEX ช่วยให้ไม่ต้องผ่านกระบวนการ KYC ที่ซับซ้อน และสามารถถอนกำไรกลับเป็นบาทผ่าน Bitkub ได้ในเวลาไม่ถึงชั่วโมง

Bitcoin spot ETFs in the United States recorded their highest inflow in history, receiving more than $1 billion in institutional investment in a single day, led by the BlackRock iShares Bitcoin Trust (IBIT).

This influx of institutional capital reflects that Bitcoin is increasingly being accepted as a core asset in institutional investment portfolios.

For traders using SiamDEX, you can go Long on BTC with leverage to amplify the upside from this trend, offering up to 40x leverage and low fees of just 0.035% per trade.

Many analysts believe that continuous institutional inflows will be a key factor driving Bitcoin's price in the long term, despite some short-term volatility.

xyz exchange has announced the launch of synthetic equity markets on Hyperliquid via the HIP-3 system, covering over 30 companies including NVIDIA, Apple, Tesla, Microsoft, Meta, Amazon, Alphabet, and others.

Traders can go Long or Short on these stocks 24/7 using USDC as collateral without requiring a US brokerage account. Prices are pegged to actual US market stock prices in real-time.

In addition to stocks, xyz has added country ETFs such as EWY (South Korea) and EWJ (Japan), as well as forex pairs like EUR/USD and USD/JPY, making SiamDEX a one-stop platform for Thai traders seeking access to a diverse range of assets without KYC.

However, since HIP-3 assets are synthetic instruments, liquidity may be lower than the actual market during non-US market hours. Traders should be cautious of wider spreads during such periods.

Hyperliquid recorded the highest trading volume in DEX history, reaching $10 billion per day during Q1 2025. This figure allows Hyperliquid to surpass dYdX, Drift, and all other perpetual DEXs combined.

The main factors driving this growth include the launch of HIP-3, which enables the trading of synthetic stocks and commodities, the continuous addition of new listings, and a UX that is the closest to a CEX among all DEXs.

Analysts from DeFi Llama state that Hyperliquid maintains a market share of over 60% in the perpetual DEX sector and is likely to continue rising throughout this year.

For Thai traders, using SiamDEX—which connects directly to Hyperliquid—provides immediate access to this world-class liquidity without the need for KYC.