Bitcoin Stands Tall Through Tariff Chaos 👍🏻
Recent U.S. moves, like hiking Chinese steel tariffs to 50% and expanding tech sanctions, sparked a global risk-off mood, wiping out $1 billion in crypto positions. BlackRock’s IBIT Bitcoin ETF saw $430 million in outflows, ending its 34-day inflow streak. Still, Bitcoin held steady above $102,000, showing strong support. Japan’s Metaplanet added $114 million in BTC, reaching 8,888 BTC in holdings. Volatility is calming, leveraged positions have cleared, and Bitcoin might stay between $100,000 and $110,000 due to high open interest at these levels. With no major catalysts until July 8, tariff tensions will likely steer markets. Key events this week include ISM Manufacturing PMI, Powell’s speech, JOLTS Job Openings, ADP employment data, unemployment claims, and Non-Farm Payrolls.
Bitcoin’s ability to hang above $102k amid this tariff and sanction drama is a big flex—it’s like it’s unfazed by the global shake-up. Metaplanet’s $114 million BTC buy shows some serious confidence. The $100k-$110k range feels likely for now, with things cooling off and no big triggers until July. That said, Powell’s speech and those jobs numbers could spice things up, so I’m watching them closely. The market’s reset after the leverage flush feels like a breather, but I’m staying cautious—Bitcoin’s tough, but those macro events could still rattle the cage.
If you enjoy my content, feel free to follow me ❤️
