$BTC Major Market Volatility

1. Bitcoin Plummets to $100,000 Level

Influenced by the public conflict between Musk and Trump, Bitcoin broke below the critical support of $105,000, hitting a low of $100,400, with a 24-hour decline of over 4%. The market is concerned that Trump's potential re-election may strengthen cryptocurrency regulation, triggering panic selling.

- **Chain Reaction**: On-chain data shows miners are concentrating on transferring out BTC, with over $130 million in liquidations in the futures market within 24 hours; net inflows of stablecoins (USDT, USDC) surged, indicating heightened risk-averse sentiment.

2. Ethereum ETF Attracts Strong Capital, BTC Funds Diverted

BlackRock's Ethereum ETF saw a net inflow of $73.18 million in a single day, while most Bitcoin ETFs (excluding BlackRock) experienced net outflows. The structural migration of funds intensifies the adjustment pressure on BTC.

3. Silver Soars, Gold Under Pressure

Trump's increase of steel and aluminum tariffs to 50% triggered a surge in safe-haven demand for silver, with COMEX silver futures rising 3.31% to $35.795 per ounce; gold fell 0.68% to $3376. Goldman Sachs noted that programmatic trading and bullish options bets are driving silver prices higher in the short term.