TechFlow news, April 4 — Matrixport's latest research report指出 that despite the Trump administration introducing a new round of tariff measures, the Wall Street fear index (VIX) only rose slightly from 20% to 23.5%, significantly below the 36% peak reached in August 2024. The report suggests the current tariffs may mark the beginning of trade negotiations expected to last several months, potentially extending through June this year.
The report shows Bitcoin has encountered resistance around $90,000. Although signs such as narrowing basis, shrinking funding rates, and significant unwinding of CME Bitcoin futures positions indicate reduced arbitrage selling pressure led by hedge funds, overall market buying interest remains weak.
Bitcoin one-week options skew一度 surged to 20%, reflecting increased investor demand for downside protection near the $80,000 level. As tariff concerns gradually ease, this metric has declined to 9%. Matrixport分析认为 that a large number of put options may expire worthless, potentially triggering fresh buying pressure once hedging positions are unwound.
The report also预计 that given Trump's manufacturing repatriation plan requires strong domestic and foreign investment support, he may subsequently shift toward market-friendly policy narratives, such as tax cuts or deregulation, to stabilize market sentiment.
