According to Wu, the US CPI data for March exceeded expectations. The strong US economic data made the interest rate cut seem far away. All major risk assets fell sharply after the data was released. Bitcoin was also inspired to recover its short-term decline. With today's high volatility, the activity of block transactions increased significantly. Bitcoin block transactions accounted for half of the total transactions, and Ethereum block transactions accounted for 70% of the total transactions.
The main transactions are based on the short strategy of buying the June bear market spread and selling the April bullish spread, while shorting short-term prices and fluctuations. Whales have made many defensive operations recently and the market is still in a weak position.