PANews reported on April 4 that Matrixport's latest investment research pointed out that although the stock market has corrected somewhat, the market reaction to the recent announcement of a new round of tariffs by US President Trump has been relatively mild, indicating that the current situation has not yet been seen as a comprehensive "risk-off" event. Bitcoin prices are currently blocked at the key resistance zone of $90,000, and buying interest remains relatively low. The Fed's neutral stance and the contraction of basis and financing rates indicate that arbitrage selling pressure may weaken.

The analysis also mentioned that the US earnings season is coming, and the recent decline of the ISM manufacturing index to the contraction range may lead to further weakness in the market. At the same time, the skew rate of Bitcoin options once soared to 20%, reflecting the market's increased demand for downside protection near $80,000, but as tariff concerns gradually subsided, the skew rate has fallen back to 9%.

Matrixport believes that Trump may stabilize market sentiment through policies such as tax cuts or deregulation, which may create a more favorable investment environment for the manufacturing repatriation plan. Changes in market sentiment may trigger moderate buying, and investors need to pay attention to the potential impact of tariff policies on the crypto market.