Blockwise by P&S

If you're new here — welcome to Blockwise. We create clear, structured crypto content for people who want signal over noise. What you'll find here: • Daily market briefings — crypto, macro, and key levels • Bullish and bearish scenario maps • Educational threads on the projects that matter • US equity open context No hype. No speculation. Just structure and clarity. Our goal: make crypto easier to understand — without making it shallow. If that's what you're looking for, follow along. — @blockwise_by_PS

Markets are closed today. Low volatility is the base case — unless something extraordinary breaks.🙏 No scenario thread from us today. Our last one is still live on the profile — the levels and scenarios remain relevant. Take the day. Rest, recharge, and spend time with your loved ones. 🧡 Happy holidays from the Blockwise team — we'll be back when the tape is moving. 📊 Blockwise — signal over noise.

🔄 Crypto Sector Rotation | Fri Apr 3, 2026 🧭 All five crypto sectors closed in the red as capital consolidated into BTC — no rotation breadth, no alt leadership, just broad sector selling. 🔴 L1s -2.0% | Fading 🔴 DeFi -1.4% | Fading 🔴 AI -1.1% | Fading 🔴 L2s -1.5% | Fading 🟡 Memes +0.1% | Neutral 📈 Rotation signals Top mover: DOGE +0.7% vs BTC Top 10 alt avg: -0.4% vs BTC BTC dominance: 56.1% 💡 Bottom line No sector is leading — with alts losing to BTC and dominance holding at 56.1%, the market is not in rotation mode. Memes the only sector holding ground today, barely — everything else fading while BTC dominance holds at 56.1%. Seeing any early rotation signal, or do you expect BTC dominance to push higher from here? Blockwise — signal over noise.

👀 Today's watchpoints • WTI above $110 into close: If crude holds, inflation expectations reprice — risk assets face catch-up selling • WTI reversal below $100: Relief valve — stagflation narrative cools and equities stabilize • Gold/Silver stabilization or bounce: Signals de-risking is done; a reset here would restore the safe-haven read • BTC at $65,709 support: If oil stays elevated and equity sentiment turns, BTC retests Thursday's low — key zone to watch ⚠️ Risk trigger WTI holds above $110 and SPX sells off >1% — confirms stagflation repricing is underway; crypto would follow equities lower 💡 Key read The equity market hasn't caught up to what oil is saying — this session's close will confirm whether it's delayed pricing or genuine resilience

📊 Global Market Briefing | Fri Apr 3, 2026 🧭 Oil's 11.4% surge in a single session is repricing stagflation risk across assets — equities are holding for now, but metals and crypto are already absorbing the pressure. 🟡 Equities SPX +0.11% | NDX +0.11% | DOW -0.13% | DAX -0.56% RSI 4H: 52 | 51 | 52 | 55 Bias: ST 🐂 Bull | LT 🧸 Bear 🟡 Crypto BTC +0.14% | ETH +0.26% RSI 4H: 47 | 48 Bias: ST 🧸 Bear | LT Mixed 🟡 Commodities Gold -2.75% | Silver -4.13% | WTI +11.41% RSI 4H: 55 | 52 | 69 Bias: ST Mixed | LT Mixed 🏦 Macro • WTI crude +11.4% — Iran conflict driving the sharpest single-session oil spike in months; stagflation risk is being repriced in real time • Gold -2.75%, Silver -4.1% — metals selling off while oil surges; likely forced de-risking or margin liquidations, not a fundamental reversal • US indices muted despite the shock (SPX +0.11%) — equities have not yet priced in sustained oil at these levels 💡 Bottom line Oil at $111.54 is telling a stagflation story that equities have not yet acknowledged — that gap will either close with a crude reversal, or close painfully. WTI at $111.54 is the highest level in months — if it holds, inflation expectations will reprice and rate cut bets collapse with it. WTI up 11% in a single session and equities barely moved — do you read that as resilience or denial? Blockwise — signal over noise.

👀 Today's watchpoints • $67,404 (SMA20 4H): Reclaiming this flips short-term structure bullish — watch for a close above, not just a wick • $65,709: Thursday's intraday low — break here with volume opens $65,000 next • Deribit expiry (~4PM UTC): Expect pin near $66K until settlement, then potential directional move • Funding: If rate drops to -0.10%, short positioning is intensifying; flip back toward 0% signals covering ⚠️ Risk trigger March CPI prints at or above 3.5% — stagflation framing reinforces institutional selling and breaks the case for near-term recovery 💡 Key read Extreme Fear at 9 with crowded shorts is a contrarian setup, not a buy signal — the catalyst to release this coil hasn't arrived yet

<₿ Bitcoin Morning Briefing | Fri Apr 3, 2026 🧭 BTC holds above $66K as options expiry, Iran conflict, and an incoming CPI print put the market in a compression zone — crowded shorts are building, and the next catalyst will matter. 📍 Snapshot $66,962 | 24h +0.11% | 7d +0.94% BTC Dom 56.1% | Vol $34.0B Regime: Risk-Off 🏦 Macro DXY 100.0 | 10Y 4.31% | SPX +0.11% Macro bias: ST 🧸 Bear | LT 🧸 Bear Driver: Iran conflict + CPI stagflation risk keeping risk-off posture despite slight yield relief 📈 Structure RSI 4H 47 | RSI 1D 44 Support: $65,709 / $65,000 Resistance: $67,404 / $68,671 Bias: ST 🧸 Bear | LT 🧸 Bear ⚖️ Positioning Funding: -0.06%/8h | OI $6.05B (Flat) → Shorts are paying; market is net short Take: Overcrowded short at Extreme Fear (9/100) creates squeeze potential — but negative funding can persist without a catalyst 💡 Bottom line Price is pinned at options max pain near $66K, shorts are piling on, and sentiment is at 9 — the setup is coiled, but direction depends on today's expiry and jobs data. BTC dominance holding at 56.1% — no alt rotation signal yet; institutional capital remains on the sidelines with ETF outflows confirmed into Q2. Still watching $67,404 (SMA20 4H) as the first structural level to reclaim — do you see it flipping into support, or do we retest $65,700 first? Blockwise — signal over noise.

@0xNonceSense Your tokens aswell 😂

WE’RE COOKED 💀 CLAUDE CODE JUST STARTED TRADING ON TRADINGVIEW GIVE IT A MONTH AND NOBODY’S TRADING MANUALLY ANYMORE

I guess it's only a matter of time when we will have to get great opportunities to enter the market again. For now it's very interesting to see which narrative develops the best. Memes for sure will be a big part of the next rally; however personally I find memes as a dangerous game. As fast as the gains are coming, they evaporate. In our perspective you need to do proper research and be very careful. The AI play, however, will definitely pick up; it's only a matter of time and then a question about which pony will run the fastest.

@Blockwise_by_PS Memes holding up, everything else bled. Watching for rotation into verifiable AI plays infrastructure over hype.

🔄 Crypto Sector Rotation | Thu Apr 2, 2026 🧭 Memes and L2s hold near flat while L1s, DeFi, and AI fade with BTC — alt average underperforms BTC at -0.6% and dominance at 56.3% signals capital compressing into Bitcoin. 🔴 L1s -1.6% | Fading 🔴 DeFi -1.7% | Fading 🔴 AI -1.7% | Fading 🟡 L2s -0.5% | Neutral 🟡 Memes +0.9% | Neutral 📈 Rotation signals Top mover: USDS +1.8% vs BTC (stablecoin) Top 10 alt avg: -0.6% vs BTC BTC dominance: 56.3% 💡 Bottom line No meaningful rotation today — L1s, DeFi, and AI track BTC lower, while Memes at +0.9% is the only sector holding positive. Memes the lone positive sector at +0.9%; L1s, DeFi, and AI faded -1.6% to -1.7% — broad alt underperformance with BTC dominance above 56%. Which sectors are you watching for a rotation signal — or are you positioned in BTC until dominance peaks? Blockwise — signal over noise.

@TedPillows Important nuance here: Kalshi's 30% odds for $100k this year reflect the caution in prediction markets. The potential sweep of August 2024 lows as a bottom aligns with classic post-halving cycle shakeouts, setting the stage for V-recovery as macro liquidity improves.

▫️ Sweep the August 2024 lows for a bottom ▫️ V-shape towards $100,000 by the end of 2026 How many of you are prepared for this?

@brian_armstrong This matters because the Linux Foundation home for x402, with Coinbase, Cloudflare, and Stripe as contributors, ensures open, neutral governance. It positions crypto as infrastructure for the agent economy—enabling autonomous, instant settlements that could soon dominate online transaction volume.

Every AI agent deserves a crypto wallet. In fact, there will be more AI agents transacting online than humans very soon. x402 is the internet payments layer (which has been missing for the last 30 years), and will enable this. The new x402 foundation will exist under the Linux Foundation, with @Coinbase, @Cloudflare and @Stripe as key contributors. Once all agents start transacting natively on the internet at scale, entirely new product and business opportunities will open up.

@BitcoinMagazine Today's meeting on the revised stablecoin proposal resolves yield disputes blocking CLARITY Act progress, with Polymarket odds now at 67%. This sets up potential April markup and would deliver U.S. rules enabling institutional tokenized finance—keeping Bitcoin as the decentralized settlement foundation.

JUST IN: Crypto and banking industry representatives to review a revised stablecoin proposal today to advance the Bitcoin and crypto market structure bill, Politico reports. 🇺🇸 Odds of this bill being signed into law spike to 67%, according to Polymarket 🚀

@unusual_whales Too late for what? Isreal assasinating another iranian peace negotiator? 😂

Trump: Iran should make a deal before it is too late.

@WatcherGuru Holy Cramer did it once again. The Michal Jordan of failed calls 😂

Jim Cramer is a national treasure

@BitcoinMagazine This matters because the national trust charter provides Coinbase with fiduciary powers and custody services under a single federal framework—eliminating the need for fragmented state licensing. Similar to approvals for Circle and Ripple, it lowers barriers for pension funds and endowments seeking compliant crypto exposure. A quiet but foundational step in embedding crypto infrastructure within traditional finance.

JUST IN: Coinbase receives conditional approval from US regulator OCC to operate the 'Coinbase National Trust Company' 👀🇺🇸

@WatcherGuru Great News!!

JUST IN: 🇺🇸 Coinbase gains conditional approval for a US national trust company charter.

It seems that BTC is holding fairly strong compared to the marked. How do you feel about the current move will we have a relieve or a downside continuation? Let us know in the comments 👇👇

@MerlijnTrader True exciting times :)

@Blockwise_by_PS 🎯 This distinction is vital for understanding the future of ETH. 📈

We are talking about a population of 80 million people with a decentralized state. You want eventually the airspace but they do not care; they have been prepared for it for 20 years. Look at how much it cost you. The data shows clearly you are in a 1:50 ratio; your ammo is running out. It costs you billions and Trump clearly had the my head strategy with Operation Lion to go into Iran, like they did to Venezuela. They did not expect it to be one month and each one more month you will feel in America because it will drain you capital-wise, because, as I said, for the Iranians, building up drones is easy.

@Blockwise_by_PS @unusual_whales USA only 13 casualties and most of that is a mechanical malfunction and not directly tied to any Iranian military operation. Quite the one sided war. Literally a 100-1 soccer match blowout (with the 1 goal being an own goal) to put it in sports terms.

BREAKING: Kamal Kharazi has been seriously wounded after Israeli strikes hit his home, killing his wife. Kharazi had been the lead negotiator involved in backchannel efforts with Pakistan to arrange a potential meeting between Iranian officials and JD Vance, per Aljazeera

@MerlijnTrader Important nuance here: EEZ is a proposal from Gnosis and Zisk with Ethereum Foundation support—not an official core Ethereum upgrade. It targets synchronous cross-L2 execution without bridges to address fragmentation. This matters because it could consolidate the $40B L2 TVL into a more unified Ethereum economy, reducing liquidity splits and value leakage while restoring stronger network effects for ETH as settlement asset. Watch: which major rollups commit first and how it aligns with current scaling stacks.

BULLISH: Ethereum just proposed its most important upgrade in years. The Ethereum Economic Zone. EEZ. 20+ L2s. $40 billion in TVL. All unified. No bridges. L2s scaled Ethereum. But they also broke it. Liquidity split. UX fractured. Value leaked from $ETH. The EEZ fixes everything. One Ethereum. Not a hundred islands.