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One crypto analyst suggests that Bitcoin long positions may "become viable" once the long-term seller supply increases again.
Bitcoin dropped by 9.7% and ether declined by 14.7% as Trump initiated a trade war with tariffs on Canadian and Mexican imports coming into effect on Tuesday. An analyst stated that Trump's stringent tariff measures have "further fueled risk-off sentiment."
President Trump's announcement regarding a U.S. Crypto Strategic Reserve sent prices soaring across the crypto industry, boosting the total industry market cap by nearly 20% since its recent lows on Friday. Cardano, XRP, Trump's memecoin, and Solana were the best performing coins over the past 24 hours; BNB rose the least out of the top 10 cryptocurrencies by market cap.
US spot bitcoin ETFs experienced a total daily net outflow of $1 billion, excluding flow data from Ark Invest’s ARKB. During their six-day streak of negative flows, these ETFs saw over $2 billion withdrawn from the products. Analysts suggested that the rebalancing of institutional investors’ positions in the ETFs might have contributed to the record-high outflows.
The sentiment in the crypto market plummeted to "Extreme Fear" following US President Donald Trump's announcement that 25% tariffs against Canada and Mexico are proceeding as planned.
Bitcoin traders are concerned about a return to the lower end of the BTC price range as market inertia allows bears to maintain control approaching the monthly close.
Bitcoin is finally exhibiting behaviour similar to stocks and gold, approaching near all-time highs as BTC price action resumes.
Bitcoin is mirroring gold's price growth path, increasing the likelihood of achieving price targets exceeding $300,000.
World Liberty Financial utilised its USDC reserves to acquire $1.4 million in MOVE and $5 million in wrapped BTC. Additionally, it staked 2,221 ETH with Lido Finance and deposited 5 million USDC into Aave’s lending protocol.
- 03:28Analyst: Bitcoin is no longer dependent on the halving cycle; those predicting a price peak in Q4 may be misunderstanding the probabilities.ChainCatcher News, according to Cointelegraph, crypto analyst PlanC posted on X stating that anyone who believes bitcoin will peak in the fourth quarter of this year does not understand statistics or probability. From a statistical and probabilistic perspective, this is equivalent to flipping a coin and getting tails three times in a row, then betting all your money that the fourth flip will also be tails. In reality, relying on the previous three halving cycles does not provide enough statistically significant data. Now, with the rise of bitcoin funds and a large inflow of capital into US spot bitcoin ETFs, the halving cycle is no longer relevant to bitcoin. Aside from psychological and self-fulfilling prophecies, there is no fundamental reason to explain why bitcoin would peak in the fourth quarter of 2025.
- 03:16Data: 79,000 bitcoins have been withdrawn from exchanges in the past month, worth $8.87 billion.According to Jinse Finance, on-chain analyst @ali_charts monitored that in the past month, 79,000 bitcoins have been withdrawn from exchanges, valued at $8.87 billions.
- 03:11Project Hunt: Manta Network, a multi-module ecosystem for zero-knowledge applications, is the project that has been unfollowed the most by top figures in the past 7 daysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past 7 days, the multi-module ecosystem of zero-knowledge applications, Manta Network, was the project most unfollowed by top figures on X (Twitter). Influential X personalities who recently unfollowed this project include crypto trader The Crypto Dog (@TheCryptoDog), Mr. Block (@mrblocktw), and crypto trader Ash Crypto (@Ashcryptoreal).