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10:46
Maji Enters Swing Trading Mode, Rapidly Increases and Decreases Positions
On April 6, according to HyperInsight monitoring, after several liquidation events, 'Maji' has entered a swing trading mode and seems to be regaining its trading status. Following a recent surge in the market led by Bitcoin, 'Maji' reduced its positions to take profits on a large amount of ETH holdings. As Ethereum retraced to the $2150 range, it began to replenish its positions. As of the time of this report, it holds $17.81 million worth of 25x leveraged Ethereum long positions, with a liquidation price also falling to $2003.21. Notably, alongside the market's brief improvement, 'Maji' has accumulated unrealized profits of $440,000 over the past week.
10:41
JackYi: If you are a long-term trend investor, buying ETH below 2,000 dollars can be held until the bull market peak
Foresight News reported that JackYi, founder of Liquid Capital, tweeted, "It seems the war is finally coming to an end. Although I don't understand politics, it's surprising it lasted this long. After it ends, we should look for a rebound rather than a reversal. For long-term trend investing, buying ETH below 2000 could reach the bull market peak. For short-term trading, look to take profits based on position."
10:39
Asian diesel spot premiums plunge by $10, while the East-West price spread remains firm at $250; supply shortage concerns persist
The activity level in the Asian diesel spot market trading window rebounded on Monday, with physical trades occurring for the first time since March 24. However, the cash premium dropped by about $10 compared to the previous trading day, down to $60 per barrel, with both the spot differential and the inter-month differential narrowing.The East-West price spread remains firm at above $250 per ton, slightly lower than the previous trading day. Traders continue to worry that the near closure of the Strait of Hormuz will slow crude oil deliveries, thereby limiting Asian diesel supply for the rest of April. However, arrivals of crude oil from other sources in May and June are expected to provide relief.The cash differential for 10ppm sulfur diesel fell to $60 per barrel, while refining margins further rose to a nearly one-week high at $71 per barrel. For jet fuel, more regional airlines announced flight cuts due to rising costs, and traders are factoring in the decline in demand this month.Iraq's State Oil Marketing Organization (SOMO) has asked customers to submit crude lifting schedules within 24 hours. There are reports that Iran has granted exemptions for Iraq's transits through the Strait of Hormuz, while Indian refiners have purchased Iranian oil during the Middle East conflict.OPEC+ agreed on Sunday to slightly raise its May production quota by 206,000 barrels per day, but due to the US-Israel-Iran war making it impossible for major member countries to increase output, the increase remains largely on paper. Iranian drones attacked multiple targets in Kuwait, and Kuwait Petroleum Corporation reported fires and significant material losses at some operating units.
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