Market updates

Bitcoin and Stocks Soar Amid Trade Tension Easing

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2025-04-23 | 5m

Bitcoin soared above $93,000 on Tuesday after positive signals from U.S. leaders about easing trade tensions with China sparked a rally across financial markets. President Trump announced that the steep 145% tariffs on Chinese imports would be reduced significantly, and Treasury Secretary Scott Bessent called the current trade conflict “unsustainable,” expressing hope for a resolution soon.

This optimism boosted risk appetite, sending cryptocurrencies and stock prices higher. Ethereum rose 8%, while Dogecoin and Sui also gained strongly. The CoinDesk 20 Index, which tracks major cryptocurrencies, jumped over 5%. Stock markets also rebounded, with the SP 500 and Nasdaq rising more than 2.5%.

However, analysts caution the rally might not last. Crypto research firm CryptoQuant reported that market demand for Bitcoin has weakened and key resistance levels may slow future gains. Although Bitcoin ETFs saw major inflows and institutional demand appeared to rise, on-chain data shows investor interest remains low, and market liquidity is still below ideal levels.

Overall, while hopes for better U.S.-China trade relations lifted Bitcoin and altcoins, experts warn the rally could be temporary without stronger fundamentals.

Source: CoinDesk

Futures Market Updates

In the past 24 hours, both BTC and ETH futures saw notable growth in open interest, with ETH slightly outpacing BTC at +14.87% vs. +12.99%. ETH futures also experienced a sharper surge in trading volume, rising 61.05% compared to BTC’s 33.84%. Despite ETH's lower total open interest and volume, it recorded higher long liquidations ($18.09M vs. BTC's $16.21M), though BTC saw significantly larger short liquidations ($286.09M vs. ETH’s $117.56M). The long/short ratios for both remained nearly balanced, suggesting a fairly even market sentiment. Funding rates stayed positive but modest, indicating mildly bullish positioning in both markets.

BTC Futures Updates

Total BTC Open Interest: $67.06B (+12.99%)

BTC Volume (24H): $154.07B (+33.84%)

BTC Liquidations (24H): $16.21M (Long)/$286.09M (Short)

Long/Short Ratio: 52.07%/47.93%

Funding Rate: 0.0044%

ETH Futures Updates

Total ETH Open Interest: $21.39B (+14.87%)

ETH Volume (24H): $78.86B (+61.05%)

ETH Liquidations (24H): $18.09M (Long)/$117.56M (Short)

Long/Short Ratio: 51.71%/48.29%

Funding Rate: 0.0036%

Top 3 OI Surges

NULS: $557.12K (+1448.12%)

ZEREBRO: $127.72M (+278.56%)

FIS: $636.93K (+269.86%)

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