Nonco Market Color 4/2

Price action
*Asia session yesterday made $BTC break consolidation to the downside, almost a 10% move towards 64000. $ETH saw a worse sell off, going for almost 12% from consolidation highs. Picture is clearer now, traders see a larger consolidation being made at the moment, which is approaching support and forming a higher low.

ETF flow
*Top Bitcoin ETFs by volume today: $IBIT, $FBTC, $GBTC. 937m, 498m, and 436m respectively.
*US $BTC ETFs see 85.7m outflow after 4 days of gains
*$ETH newest ETF applicant wants the SEC to delay approvals until December

News
*Silk Road Bitcoin worth $2B moved by U.S. government
*Stocks and bonds worldwide experienced declines as strong economic indicators and a surge in commodity prices fueled speculation that major central banks would maintain higher interest rates for an extended period.
*Following robust data on US job openings and factory goods orders, equities faced downward pressure, adhering to the "good news is bad news" market trend. Additionally, a spike in 10-year yields to their highest levels of 2024 further dampened investor sentiment in the stock market. Despite recent reevaluation of rate-cut expectations, spurred by a prolonged market rally, concerns about a potential pullback persisted.