According to Material Indicators (@MI_Algos), Bitcoin (BTC) experienced a notable price pump even though 99.9% of market participants surveyed by CME Group did not expect the Federal Reserve to cut rates this week. This move is driven primarily by retail speculators and high-risk traders, highlighting that BTC price action can decouple from macroeconomic expectations. For traders, this signals the importance of tracking on-chain sentiment and liquidity flows rather than relying solely on traditional macro forecasts, as unexpected surges can trigger liquidations and volatility in both BTC and broader crypto markets (Source: Material Indicators via X, CME Group survey data).

According to Crypto Rover, former President Donald Trump stated that new trade deals are expected to be finalized within the next three to four weeks (source: Crypto Rover on Twitter, April 25, 2025). This announcement could influence global market sentiment and potentially drive volatility in cryptocurrency trading, as traders often react to macroeconomic developments tied to international trade agreements. Market participants should closely monitor related news for shifts in risk appetite, as these trade deals may impact USD strength, Bitcoin price movements, and altcoin volatility.