With a swing of the tariff stick, the crypto world is bleeding! But behind the crash lies an opportunity for seasoned traders to buy the dip with their eyes closed!
The market is terrified, Bitcoin is directly 'discounted'.
Trump said he would impose a 40% tariff on India, causing a tremor in the global market, and Bitcoin dropped 10% in an hour, from 110000 to 100000. The leveraged trading saw a liquidation of 800 million, and the cries of despair were everywhere.
Indians are frantically exchanging for USDT, fearing their money will become worthless.
Indians have a pile of Bitcoin, and now the government is raising taxes. What to do if money can't leave? USDT and Bitcoin have become 'underground banks', and the trading volume of stablecoins has tripled in a day! The more the government blocks, the more DEX trading volume increases by 50%.
In the long run, Bitcoin may benefit from adversity.
Every trade war, Bitcoin first drops and then skyrockets! In 2018, during the China-U.S. conflict, BTC rose from 6000 to 14000; in 2024, during the U.S.-Europe tussle, BTC surged from 70000 to 120000! This time, Wall Street big shots have started buying secretly, with futures positions increasing by 20%.
Miners are crying, mining machines are going to increase in price.
With tariffs added, importing mining machines is more expensive, and the costs for American miners are skyrocketing—some are shutting down completely! The total network hashrate dropped by 5%, and mining difficulty may decrease.#特郎普
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