What I don't really get:
How are tariffs affecting BTC?
Countries fighting an economy war is literally bullish for BTC from a fundamental standpoint. It is the only real neutral asset that is quickly tradeable and independent.
Of course, it creates uncertainty and we see this sell off.
People have been so fearful for the past 2 weeks and I feel like everyone that had sweaty hands sold in the past hours.
This doesn't mean we can bleed further. There is such little liqudity in the market.
The question is, are we left or right?
How are tariffs affecting BTC?
Countries fighting an economy war is literally bullish for BTC from a fundamental standpoint. It is the only real neutral asset that is quickly tradeable and independent.
Of course, it creates uncertainty and we see this sell off.
People have been so fearful for the past 2 weeks and I feel like everyone that had sweaty hands sold in the past hours.
This doesn't mean we can bleed further. There is such little liqudity in the market.
The question is, are we left or right?
DiveInDefi
$XRP dumped 40% and already recovered 26%. I have seen this before:
Selloffs like this usually get a quick recover and then another retest towards the lows.
Tonight people sold their altcoins like the world is ending. All of this while BTC didn‘t even touch 90k
DiveInDefi
Capitulation
This is the first time I ever see funding rates being negative on Hyperliquid.
Forwarded from Alpha
For context, when Trump launched the tariff war in 2018, the S&P 500 (-12%), ACWI (-12%), China (-17%), and Bitcoin (-65%) initially dropped from march 2018 to sept 2018's intra-month low.