Crypto earthquake! Trump's 'tariff nuclear bomb' detonates the market; can Bitcoin hold at $100,000?
Brothers, this wave of market action is even more thrilling than a roller coaster! Bitcoin crashed face-first to $103,700 overnight, and Ethereum followed down to $2,500, with global gamblers collectively performing a 'rooftop queue'—246,215 people were liquidated within 24 hours, and $1.132 billion in long positions vanished, with the worst being a $201 million Bitcoin long position on one exchange going to zero.
And the instigator of all this was none other than the sleepless Trump, who was up at three in the morning!
On July 9, this date is now circled in red by the market—Trump has declared he will issue a 'tariff ultimatum' to the world; if you don't accept? Then get lost!
This operation is like suddenly pulling out a shotgun at the poker table: 'Either call or take a bullet!' The market has never seen such a scene. The US stock market can still hold on, but the crypto space is directly weak—after all, our market is young, like a naive newcomer to society who turns green at the mention of 'tax increase'.
Even more astonishing, Trump also threw in a 'war smoke bomb': 'Americans in Iran, evacuate quickly! We're about to fight!' Global capital, upon hearing this, activated 'rat escape mode', and risk assets took the brunt, especially in the crypto space! It fell so hard that even its mother wouldn't recognize it!
While Trump plays with fire, Powell is directly emo—economic data is getting worse and worse:
1. Employment data has wilted: Initial jobless claims soared to 248,000, and continuing claims reached a record high of 1.956 million.
2. Inflation has softened: PPI data looks bad, and CPI hasn't firmed up either.
3. Market expectations have exploded: September interest rate cut probabilities are soaring.
Trump doesn't care about these; he directly lashes out: 'Powell is a disaster! Must cut rates by 100 basis points!' His deputy Vance also chimed in: 'Not cutting rates is negligence!'
After the crash, Bitcoin seems to have a 'market maker' supporting it around $103,000-$104,000, while Ethereum barely holds at $2,400. But don't celebrate too early—Trump's words and the tariff knife could strike again at any moment.
Key Time Points: July 9: Tariff ultimatum deadline. August 10: The next potential 'bomb day'. September: The moment of truth for Fed interest rate cuts; any 'shoe' dropping could trigger tsunami-level volatility!
Although the market is currently in a state of lament, the expectation of Fed interest rate cuts remains the spiritual pillar for the crypto 'bull return'. Weak economic data (CPI, PPI, employment) is actually adding fuel to this expectation.
The crypto market's own benefits haven't completely disappeared: ETF funds continue to flow in, SOL-ETF might pass, and institutional inflows are bubbling beneath the surface. But these are like small umbrellas in a storm; they can block a little, but that's it.
A final reminder to everyone:
Institutions like Seiler and Bitwise are still shouting 'Bitcoin $150,000, $200,000+'; it sounds exciting, but the premise is: you have to survive until then (don't leverage to the point of liquidation), and the Fed really has to pump liquidity (Powell shouldn't be cowardly). The astronomical debt of the beautiful nation is indeed super fuel for Bitcoin's narrative as 'digital gold'—after all, the worse fiat currency is, the more appealing Bitcoin becomes.
1. Money comes from waiting, not from actions (but the premise is that you're on the ride)
2. Don't leverage to the point of all in (otherwise the rooftop wind is really cold)
3. Pay attention to key time points (July and September may be turning points)
This roller coaster, steered by Trump, fueled by the Fed, and set against the backdrop of global debt, has just reached its steepest slope! Will it soar to the clouds or fall into a cesspool? We shall see!