On April 7, #保持SAFU 2025, influenced by the intensified trade tensions between China and the United States, Bitcoin fell below $75,000, reaching a low of $74,637, a drop of 30% from the beginning of the year.

Trump announced a 104% tariff on Chinese imports, triggering market panic and causing severe fluctuations in global financial markets.

U.S. and Asian stocks fell in unison, and the cryptocurrency market saw liquidation amounts reach up to $400 million in a single day, mostly from long positions.

Bitcoin ETFs also experienced significant capital outflows, stablecoin liquidity tightened, and institutional attitudes became noticeably more cautious.