Prices Dip Below $84,000 As Tariff Tensions Rise
Bitcoin (BTC) price fell by a four-month low on Wednesday, as low as $81,000, as expected by the market for the “Trump bump” fade out. This prompted further reductions in hedging among investors and traders, and Bitcoin choices indicate that Placement Options The strike price is $70,000.
Bitcoin plummeted 20% since Trump took office
according to For data from Deribit, the largest crypto options exchange, the strike price represents the second highest open interest of all contracts to expire on February 28, with a total of $4.9 billion in open interest due Friday.
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Bitcoin’s record high has dropped about 20% since Donald Trump’s inauguration in January.
Market analysts attribute this downturn to a variety of factors, including Trump’s “positive geopolitical” stance and ongoing concerns about improvement inflation.
“Tariff policies further curb the outlook, while stubborn short-term inflation expectations add to overall caution,” said Chris Newhouse, research director at Cumberland Laboratory.
Newhouse also emphasized bybit Ethereum (ETH) HACK not only exerts downward pressure on Bitcoin’s price, but also has a negative impact on overall market sentiment.
Investors retreat as demand for ETFs falls
The market has also witnessed a massive liquidation of bullish bets, with about $2 billion in sales over the past three days, according to Coinglass.
Bitcoin Permanent future– A popular method for offshore investors to exploit their positions – a sharp decline in long positions during this period.
In addition to bearish sentiment, demand for Bitcoin exchange-traded funds (ETFs) has weakened, with the group experiencing an outflow of about $2.1 billion over the past six days.
This reflects a broader trend of investors’ retreat, with more than $1 billion withdrawing from spot Bitcoin ETFs on Tuesday alone, the largest outflow since those funds debuted in January last year. Fidelity Bitcoin Fund (FBTC) and BlackRock ishares Bitcoin Trust ETF (IBIT) are one of the most fierce blows.
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Bohan Jiang, head of over-the-counter rights trading at ABRA, commented: “It’s a mix of spot sales and base relaxation. In my opinion, almost all of this is outflow from position traders from ETFs.”
Ethereum also felt it Baibaibi incidentexpand its volatility, and Solana (SOL) has surrendered the benefits it has made in recent months amid a decline in interest in its members.
The market is looking for a new catalyst to reverse its bearish sentiment, which has led many investors to stay on the field and spin cryptocurrencies in a risk-taking environment.
“The cryptocurrency market is still looking for a new catalyst to reverse put options sentiment,” said Ravi Doshi, co-head of the market at Crypto Prime Broker Falconx.
Currently, BTC is trying to find support for $84,578, but has dropped another 4.5% over the 24-hour timeframe.
Featured images from dall-e, charts from tradingview.com
