$BTC has plunged below the critical $65,000 psychological support level, hitting a multi-month low as President Trump’s sudden escalation to a 15% global import tariff triggers a massive "risk-off" rotation into gold and safe havens.
Trend Analysis: The Trade War Ripple
The global crypto market has shed over $100 billion in the last 24 hours. The catalyst was a Saturday social media decree from President Trump, raising proposed global tariffs from 10% to 15% via Section 122 of the Trade Act of 1974. This move follows a Supreme Court ruling that struck down his previous emergency trade powers, creating a "policy whiplash" that markets loathe.
While traditional Asian equities showed resilience, Bitcoin decoupled, proving once again that in times of extreme policy uncertainty, "digital gold" often behaves like a high-beta risk asset. Institutional pressure is mounting, with Spot Bitcoin ETFs seeing five consecutive weeks of outflows totaling $3.8 billion. On-chain data reveals a bloodbath: over 136,000 traders were liquidated today, with 92% of those being long positions.
Risk Warning
The "150-day clock" on Section 122 tariffs means this volatility is not a one-off event. If Bitcoin fails to reclaim $68,500 quickly, analysts warn of a "final leg down" toward $60,000. Investors should brace for further turbulence ahead of tomorrow’s State of the Union address.
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