According to The Kobeissi Letter, oil prices have extended their decline, approaching $58 per barrel as traders factor in a heightened probability of a recession (source: The Kobeissi Letter, Twitter, April 30, 2025). This move signals increased bearish sentiment in the energy markets, with traders likely to see elevated volatility and potential for further downside in crude oil contracts. Market participants are advised to monitor macroeconomic data closely, as any additional negative indicators could intensify selling pressure in oil futures. The current price action also impacts related sectors such as energy stocks and commodity-linked currencies.

According to @MilkRoadDaily, traders should anticipate increased market volatility this week due to significant macroeconomic data releases, specifically the GDP announcement on Thursday, and the expiration of over $14 billion in options on Friday. These events are critical as they could impact trading strategies and market sentiment, influencing asset prices. Source: @MilkRoadDaily.

According to Charles Edwards (@caprioleio), Bitcoin's on-chain and macroeconomic data have shown bearish signals since reaching $100,000 on December 18. This information is available in real-time at capriole.com/charts, providing traders with critical insights into the market's current downturn. Such data can be crucial for making informed trading decisions as it highlights the sustained bearish trend in the crypto market.