Crypto Zen

$HYPE, $BTC, $ETH & $SOL Accumulatoor. @RainbowTrends Trader.
DeFi & Web3 Focused. P&E Guild Leader @Zen_Guild. Change is inevitable. Open your mind. Be Zen.

[Simon Dedic @sjdedic]

My thoughts on yesterday’s crypto crash:

TLDR: We’ll be fine. We always are.

I’ve been in this industry for 9 years now, and I’d say I’ve really seen it all. The COVID crash, the $LUNA meltdown, the FTX collapse, you name it.

But what we witnessed yesterday felt very different from most things I’ve experienced before. While many coins look completely wrecked on the charts, it didn’t feel as dramatic to me as some of the true black swan events we’ve seen in the past.

Don’t get me wrong, I’m not trying to downplay it. Yesterday was the largest liquidation event in crypto history, and my heart genuinely goes out to everyone - friends, colleagues, and beyond - who suffered massive losses that will take a long time to recover from. I wish this on no one.

However, while we still don’t fully understand what happened, the big difference this time is that there doesn’t seem to be a fundamental reason for such an extreme crash. Sure, Trump’s tariff threats against China might have started the dump, but that alone surely doesn’t justify -99% crashes across major caps.

It really feels like something went seriously wrong behind the scenes at Binance or a major market maker, triggering a one-of-a-kind liquidation cascade that wiped out liquidity across the board and sent some assets literally to zero.

As much as I criticize Binance at times, they’ve always had the most robust trading infrastructure in the industry. So seeing price action like this even happen on their platform felt very strange, and even stranger was the fact that Binance literally stopped working for 10–20 minutes when I tried to buy those -90% dips.

That suspicion grew even stronger when I switched to DEXs to buy. Prices there for assets like $PUMP or $JTO were around 25% higher than on Binance. Tokens like $CARDS, which aren’t listed on major exchanges, were affected significantly less. Normally, during fundamental market crashes, it’s exactly the other way around.

Rumors are already flying, and I’m sure we’ll get more clarity in the next few days. But from what I can judge and from almost a decade of living and breathing this industry: my gut says this was a massive technical issue, not a fundamental one.

And that, to me, is bullish.

For context, the COVID crash and FTX collapse hit me hard. Back then, I genuinely thought it might be over. I remember feeling anxious for days, even weeks, questioning my entire future in this space.

This time felt completely different. I bought immediately, and after reflecting for about 10 hours, I want to buy even more.

I know many of you are going through a tough time right now, and I’m deeply sorry for your losses. Nobody could have predicted this and trust me, even the biggest OGs and professionals in this space got hit badly.

But nothing fundamental has changed about this industry. The only question you should ask yourself right now is:

“How much do I truly believe in crypto long term?”

If you doubt that crypto as a whole can survive or thrive long term, I understand why you might be too afraid to buy right now. But in that case, you probably weren’t here for the right reasons to begin with.

As for me, I have zero doubt. This industry isn’t just here to stay, it’s on track to 10x from here and beyond. It’s only a matter of time.

So why would I panic over a technical glitch that caused prices to drop -99%? Of course, it’s painful, but rationally speaking, this might be one of the greatest opportunities you’ll ever get in your lifetime.

Don’t bury your head in the sand, not after everything we’ve survived over the past years. Events like this separate the wheat from the chaff, the winners from the losers.

If it’s even remotely possible for you right now, just survive. That’s all you need to do.

I promise you, you won’t regret it.

[𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 @el_crypto_prof]

#Altcoins

This liquidation event was more than 10 times larger than the COVID crash or FTX. Both of those events marked the bottom at the time.

In addition, TOTAL2 reclaimed its most important support levels in a relatively short period of time.

All of this points to a rally.

[Crypto Zen @CryptoZen15]

Hyperliquid.

[Runner @RRunner144]

You guys panicked too hard on $HYPE w/Aster in the mix and now we have a Channel Walk Reversal that's printing a BOTTOM signal from the Bots. Aim for the upside Order Blocks and SL from a 3 drive bottom.

🌈Theory AF:
+White Candles
+Reversion Band
+Bottom Bot Print
+Fading Volume
+Channel Walk Break

[CryptoData @TheCryptoData]

Recap of this week's events and $BTC's price action. Make sure to bookmark/share this for later:

- The new SEC Chair Paul Atkins (pro crypto) is speaking at the next SEC crypto roundtable on April 25th
- Michael Saylor's 'Strategy' buys 6,556 Bitcoin worth $555 million
- Over 34 countries want to negotiate tariffs with Trump (China is also coming around)
- 72 Crypto ETF filings await SEC approval amid historic regulatory shift
- Trump Media is launching ‘a Series’ of ETFs in new partnership with https://t.co/J42GI0pyxM
- Cantor Fitzgerald, Tether, and SoftBank launch $3.6 Billion Bitcoin investment firm
- Alabama drops enforcement action case against Coinbase
- Bloomberg called Bitcoin a "safe haven"
- BTC ETF flows reached over 912M on Tuesday and 917M on Wednesday (largest since Jan 17th)
- The TRUMP memecoin spiked on Wednesday after its official website and X account announced that the top 220 holders would receive invitations to an exclusive gala dinner with the president next month
- Trump stated "we're going to be able to substantially lower taxes on Americans because of tariffs."
- BTC broke multiple downtrends/moving averages

All of this to say, we had a lot of bullish news this week, so the rally was warranted. On the other hand, there are some temporary top indicators forming and things to keep in mind over the next few days:

BTC ETF flows of 912M/917M - Whenever we have this high of inflows, it usually marks a local top, especially when used in confluence with other indicators.

Bitcoin also reached major resistance near 94k. This, in combination with an overbought StochRSI on the daily means we could see a temporary cool-off before higher.

On top of this, we also have sentiment approaching the Greed territory after it had been under it since February. This shows people were quick to FOMO once they realized they were sidelined and price kept rising, which in turn caused them to be exit liquidity.

Now we wait until BTC reaches major support between 90-91k. If it closes the daily below that, then I would target 87k for a bounce, which should give most indicators a chance to reset. Either way, we've shifted towards bullish momentum and even though I'm short from 94k, any dips to major support will be for buying 💰

[CryptoData @TheCryptoData]

Big day in the market. Make sure to bookmark this:

- Fed official saying "the Federal Reserve is ready to help stabilize the market if needed" showing some cooperation between Trump and Powell which increases the likelihood of an interest rate cut/end to QT
- Trump saying "something positive will come out with China" which alludes to the fact that negotiations are ongoing and presumably making progress

There's also some important data with BTC to keep in mind:

CME Gap
Bitcoin rejected perfectly off of it's CME gap at 83.8k which leads me to believe the next rejection point is the remaining CME gap at 85.5k (which also coincides with the daily 200 EMA and horizontal resistance).

Liquidation Levels
There's also a large concentration of liquidity near 85.2k which would line up with filling the CME gap before rejecting back to the downside. With a level that significant, it's hard to see it not getting tapped.

BTC Price Chart (Weekly 50 EMA)
The last three times BTC bounced off of its weekly 50 EMA, it rose an average of 97% over 4 months. Not saying this is going to happen by any means, but this would take us to 150k by the end of August (which does line up with the standard 4-year cycle).

ETF Flows
Bitcoin's ETF outflows are starting to slow down (after 6 days), indicating institutional interest may be returning. There's been a lot of uncertainty regarding tariffs and interest rates/inflation so it's no surprise as we obtain more clarity, we start to see big money return. Very curious to see if this is positive on Monday.

Summary
The weekend is here so expect volatility. Things are tentatively looking good on the macro front, but we know how quickly things can change. I remain tentatively bullish, but know there is a lot of resistance near 85.5k-86k. If we can close above 88k, I'll feel comfortable confirming a shift towards bullish momentum. Until then, I continue to bid at major support levels and take profits along the way.

Thanks for reading 🤝

[Julien Bittel, CFA @BittelJulien]

This chart is looking better by the day…

[Tad Smith @tadtweets]

Hmmm… USD is falling because Japan is selling US Treasuries. Which makes the Yen rise in relation to the Chinese Yuan. So China has room to reinflate its economy. US Treasuries spiking as Japan sells but @federalreserve stands ready to deal with that problem by buying them if necessary. And inflation plunging. This sounds EXACTLY like what @RaoulGMI and @BittelJulien have been assuring us would happen for months despite how crazy it sounded! If true, this is the greatest macro call ever. $BTC 🚀 #bananazone 🍌

[Jim Bianco @biancoresearch]

1/6

Bonds are getting crushed again today. Now it looks like selling is coming from foreigners, especially Europe.

China is believed to hold several hundred billion of US Treasuries in legal entities in Belgium and Luxembourg.
🧵

[Runner @RRunner144]

Whale Watch LIVE - Tariffs On Tariffs Off https://t.co/alg5QI5qvs

[James Surowiecki @JamesSurowiecki]

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

[Runner @RRunner144]

BREAKING: @CryptoZen15 will be joining us on Thursday for this week's @RainbowTrends stream!

We are very excited to interview one of the deadliest Rainbow Theory Traders to discuss - strategies, whales and navigating markets. Don’t miss it this Thursday at 7PM CST!

[Crypto Zen @CryptoZen15]

@ZeMirch Always buy time IMO. Can never replace it. So cleaning service, lawn service, take out, grocery delivery, etc.

[Solid Intel 📡 @solidintel_x]

INTEL: CBOE FILES PROPOSAL TO PERMIT STAKING FOR FIDELITY $ETH ETF

[Ryan Watkins @RyanWatkins_]

Hyperliquid Thesis

Syncracy believes $HYPE possesses a unique revenue engine, combining an exchange and smart contract platform, that positions it to become the highest earning blockchain in the world.

Our thesis on Hyperliquid’s "financial aggregator” opportunity.

1/

[Crypto Zen @CryptoZen15]

Love the @harmonixfi $HYPE Delta Neutral vault. 30%+ APY on my $USDC Deposit. Yes please!

Join @harmonixfi vaults via my invite link.

https://t.co/UltML7jIZY

Be a smart DeFi degen with Harmonix.

[Runner @RRunner144]

Bitcoin is the easier read. You Degens need to zoom out and calm down. I know this isn't text book, but we have really clear Support and Resistance Order Blocks that the whales are reacting off of. You need to be looking at H2-H4 time frames if you don't want to lose your sanity. Gut tells me its time to break out and this is an SOS (bullish take), but my bear side says this could be a fakeout and we form another creek from here and we have to watch out for another Support Order Block test.

H4 - $BTC - @RainbowTrends Chart

[Crypto Zen @CryptoZen15]

The future is $MUON. 🚀

[Muon @muon_net]

Introducing the Muon AI-Safe: Generalized Wallet Infra for Agents

It enables AI agents to perform autonomous transactions and interact with blockchain ecosystems while allowing for human verification and intervention.

[Messari @MessariCrypto]

Symmio is an intent-based protocol for bilateral agreements between users and solvers.

Order books and AMM-style perpetuals face technical limitations, hindering their long-term success.

We see @symm_io expanding its share in perpetual markets, while enabling new use cases.

[Rainbow Trends @RainbowTrends]

Due to demand, we have added the @malifestro 9/13/00 Pivots Tool to the latest updated for the Standard Liquidation Levels Tool. Active members can now find this V1.3 Update in the Invite Only Section of their TV Account: