$ETH #Crypto Market Rebound #Trump Suspends New Tariffs

Give everyone a reassuring pill

After Bitcoin halved last April, according to historical patterns, the 12-18 months following a halving often see a price explosion. However, after soaring to a high of $109,500 in January 2025, the market experienced a deep correction of over 26%, marking the largest pullback of this bull market.

On-chain data shows that this pullback is different from previous ones: long-term holders (ETH) have not sold off in large quantities, and miner selling pressure is at a median level. The market feels more like a 'technical correction' rather than a panic sell-off. #BTC

Standing at a critical juncture in the cycle, if we follow historical averages, Bitcoin should now be pushing towards $120,000, but in reality, it has pulled back to the $80,000 range. This 'catch-up after a head start' is both a digestion of the previous rapid rise and a way to create space for future energy build-up. Just like the two 40% pullbacks during the 2017 bull market, which seemed dangerous but actually paved the way for the final mad sprint.

This week, sentiment is relatively fearful, with Trump's frequent shifts in tariff policies greatly increasing market risk aversion. The uncertainty in the market will likely persist for a long time, and volatility will also last for an extended period.