Greetings everyone, today we have the 6th issue of my column "ALL IN ALL". Let's talk about BTC and the market in general.
BTC:
The first weeks of April were very constructive for BTC, as it gradually rose from its local minimum of $66 thousand to a peak of over $78 thousand. The main catalyst was the de-escalation on the Iranian front, following the announcement of a ceasefire on April 7, and then negotiations between the USA and Iran. The Strait of Hormuz was opened. The stock market actually rose only during the first two weeks of April, and both the S&P 500 and Nasdaq have now reached new highs. The crowd, which says "nothing is happening," is winning more than ever after a month of extraordinary bearish decline in Connecticut. Oil also fell from $120 to $80. It seems almost inevitable that an agreement will be reached between the USA and Iran, and that the war will definitely not resume. (This was the beginning of April)
Another powerful bullish catalyst for BTC in April was the insane success of $STRC, the main preferred stock of Strategy, which had 2 days with daily volumes exceeding $1 billion right before the ex-dividend date. Last week, Saylor announced the purchase of BTC for $1 billion, fully financed through STRC, and next Monday he is likely to announce something even bigger.
As of today, we already have Iran's refusal to negotiate, a blockade from the USA, and once again Iran's closure of the Strait of Hormuz.
Tomorrow, April 22, the two-week ceasefire in the Middle East ends, unless it is extended. The market may expect a not-so-pleasant future in terms of growth again!
ETH:
$ETH has been trading in one place since February 2026. Ethereum shows a clear investor sentiment to be cautious with investments. There is little liquidity, Bitcoin's dominance remains very high - investors are unwilling to put money into such risky assets while the situation in the world remains very tense.
We are very close to an important level on the weekly timeframe, and whether we will enter an imbalance or get a quick reaction down from it will unfortunately depend only on news from the USA and Iran tomorrow.
FUD of subnet $TAO and the narrative about AI
The category of artificial intelligence seems to be the only one that still remains 'narrative'. The main coin in this category is obviously $TAO , but it has suffered a bit recently. In March, it was the best large-cap asset, with a double movement in 2 weeks, and it almost reached $380. After that, there was a small correction, and then it began to form a rounded bottom, but then on April 10 it sharply fell from $340 to $260 within a few hours when the leader of the main subnet Tao actually announced his resignation. I do not know the exact details, but it corresponds to what can be called a 'rug pull', and it immediately significantly affected the price of TAO.
Another top AI coin over the past few months was VVV, which fell to $8.5 at the beginning of April and then processed this trend for a month, reaching higher lows until a new breakout occurred in April, pushing it to a peak of $10. If its market capitalization were larger, I would say that VVV would likely be overbought after a 10-fold increase from December lows, but it is not even $1 billion FDV, and the chart still looks strong.
GRASS is the third AI coin that has a very constructive chart. In March, it had a very strong drop, then fell nearly -45%, but in April it is rising again.
$HYPE remains stable
Recently, $HYPE has remained 'quietly unstoppable', rising from $35 on days to nearly $45 now... which technically still corresponds to an FDV of $45 billion, although FDV is not a very relevant indicator for HYPE. In April, there were two successful attempts to 'attack' HLP, one on XPL and one on FARTCOIN, and in both cases, they led to pump-and-dump of these coins, as well as losses for HLP. However, this has not actually affected the price of HYPE.
It seems that the popularity of HYPE is growing among traders, and the clear correspondence of the product market HIP-3 (oil, precious metals, stocks, index markets) confirms the thesis about HYPE.
RAVE to $25 billion FDV and other scam coins
The most notable altcoin movement in April so far has probably been the gigantic pump of the pure 'scam coin': RAVE. RAVE increased nearly 100 times in 10 days, from $250 million FDV to $25 billion FDV. This places it at the very top of the 'criminal coin leaderboard', along with MYX, COAI, and AIA, which also reached $20 billion FDV. Scam coins follow entirely different rules compared to regular/'organic' coins, and short selling them is a very dangerous game if you do not have a clear structure. RAVE is obviously an extremely limited supply coin, meaning that the 'real' market capitalization is infinitely less than its current official $5 billion FDV.
Another absolutely outrageous scam coin was SIREN in March, which has the craziest chart I have ever seen. At the end of March/early April, it fell by -92%... before rising sharply, increasing 5 times in one day. Then on April 16, it rose again, achieving a 15-fold movement from bottom to top over two weeks.
Also worth mentioning is ARIA, which literally had a drop of -92%, then a pump of 17x, and then another dump of -91%.
Among other scam names in April, there are currently SKYAI, TRADOOR, DEXE, LAB, PLAY.
'Doomed coins' showing signs of life
What may be even more noticeable is that not only popular coins are rising, but also 'doomed coins' that have continuously suffered for months have also found some strengthening. LDO is an example of such a coin. Lido DAO announced a buyback of LDO coins using the treasury, and now the coin has risen almost 40% in just a few days. OP and ARB, two doomed coins with high FDV (which actually no longer have high FDV...), have also recently risen, with ARB even increasing by 50% from its lows. The same applies to ENA, which has risen by 55% from its bottom after announcing a shift from just basic trading and treasury bills to include more sources of income (RWA, private lending, etc.) for its stablecoin. Ultimately, WLD 'bounced' by +30% from its bottom after several months of horrific personal amplitude growth, and today they held their 'Liftoff' event, which strangely led to a sell-the-news effect of -10%.
Tension is rising:
We are in market conditions where many squeezes occur weekly, usually lasting one to two days, but sometimes they can last longer. Three examples of such squeezes are ENJ, ORDI, and MOVR. ENJ increased 5 times in a week, but so far $0.1 has been a strong resistance. ORDI had an extremely impressive pump of +340% in 2 days, absolutely without any 'fundamental' reason. Yesterday, the trading volume for its Binance perp contract was $2.5 billion, which makes me think it is already overbought... Finally, MOVR had a threefold pump literally in 2 hours today.
As I mentioned yesterday in the tg, spending more time in a flat + on opportunistic positions is a much better idea than holding 'passive' swing-short positions as reverse investments, especially due to these squeezes. And this, obviously, mostly applies to small/mid-cap companies.
What else happened in the altcoin market?
Two of the most recently launched coins have had constructive price dynamics. EDGE is the EdgeX perp DEX token, and its price has more than doubled since launch, rising from $0.5 to a peak of $1.38 today. Based is a trading app that uses the HyperLiquid constructor code (i.e., it is built on the Hyperliquid order book). Its token BASED was launched at a level of $120 million FVV, after an airdrop dump, it reached $50 million FVV, after which it jumped twice in a few days, and then yesterday sharply compressed to $320 million FVV. The day after that, it fell by 66% from the top down.
The Solana Drift criminals' index was hacked on April 1 for $285 million. It's no wonder that this was a long-term and complex operation by North Korean hackers. The DRIFT coin fell by 50% in a day and by 65% in 5 days. Yesterday, Tether and partners announced the allocation of up to $150 million in funding for the recovery of Drift, which led to a 40% increase that quickly recovered.
The BIO team (plus autonomous AI agents) conducted a rapid drug development process and proposed a new peptide agonist that could improve ADHD symptoms. They announced this on April 14, which caused a decrease in BIO prices, whose price rose by 160% in 2 days.
Since its meteoric rise in Q4 2025, ZEC has become a very important coin in terms of information dissemination, and after 4 months of digestion/sell-off, it seems to have found a bottom at a support level of $200. It formed a rounded bottom in March and early April, and then from April 7 to 10 it had an acceleration, with an increase of +55% in 3 days, which brought it again to nearly $400. Since then, it continues to bleed.
On April 7, Chaos Labs announced that they would leave the position of one of the two risk managers of Aave DAO. This led to a 7% drop in 2 hours after weeks of discontent (Mark Celler's departure, etc.), but marked a local bottom. AAVE has now risen by 36% from that value, and a new important governance proposal called 'Aave will win' has emerged, which plans to fully align Aave Labs with AAVE DAO and the token.