The Heavy Hand of Justice on Crypto
When the U.S. International Trade Court ruled that Trump's tariff policy was unconstitutional, traditional assets experienced severe fluctuations, while Bitcoin remained stagnant at $106,000. The unusual calm in the crypto market exposed three deep-seated logics.
During Trump's four-year term, there were 108 rounds of sanctions-exemption cycles, and the market had long become numb. On-chain data shows that on the day of the ruling, whales increased their holdings by 15% against the trend. Institutions viewed the black swan event as a golden opportunity, with firms like BlackRock accumulating $24 billion in chips in the $105,000-$108,000 range, forming a fortress against declines.
Gold ETFs saw a loss of $1.8 billion in one day, while Bitcoin ETFs attracted $320 million. Crypto assets are increasingly replacing gold as a new safe haven, with their anti-regulatory attributes highlighted during periods of policy turbulence. Elon Musk's political experiments caused Dogecoin to drop by 23%, while Bitcoin's on-chain settlement volume increased by 40%, confirming that code consensus is stronger than political promises.
During the ICO era, 120 million tokens continued to be sold off, institutions awaited ETF approvals, and developers had divergent paths, keeping prices pinned between $3,000-$3,500. This forced capital to concentrate on Bitcoin, whose volatility is only one-third that of Ethereum, making it a value anchor during turbulent times.
Ignoring short-term policy noise, closely monitoring the Federal Reserve's interest rate decisions and ETF capital flows, Ethereum held onto Bitcoin's standard before breaking through $3,800, executing grid trading in the $105,000-$110,000 range with mechanical strategies against emotions. At this moment, the sideways movement is a silent period of capital migration. While traditional investors cheer for the judicial ruling, crypto hunters have turned their guns, waiting for a new round of order reconstruction in the battle of computing power. The real battle has never been in the courtroom, but in the moment each block is born.
Market conditions change daily; don't let your mindset become too strained. If you often feel like you're a step behind or are disturbed by market noise, feel free to reach out for a chat.
