Stocks are crashing as a consequence of what Trump did with the tariffs. The economy will be feeling this impact for a sustained period of time. At the time, bitcoin does not seem too affected. Is there any correlation between the tariffs and bitcoin crashing now?
Bitcoin has fallen from $109k to below $80k, and there is no sign that this will stop if the economy worsens. The cryptocurrency market capitalization is just over $3 trillion but has lost more than $1 trillion since Trump's trade war began in February. Not to mention the OP mentioned that over 1.4 billion were liquidated in the last 24 hours, isn't that enough to prove that there is a strong correlation between tariffs and the market crash?
Bitcoin is not independent, it depends on cash flow, it cannot increase in price without cash flow, and the economy is where the cash flow is maintained.
So is this the Bull trap or really or the start of bear? What does your personal judgment and analysis says about this?
It is concerningly low. I do not think this is start of bear, though as I still think it will come back up again. But we all have our own analysis.
We all admit that bitcoin is unpredictable, and analysis is only objective and does not guarantee anything. Bull season is not over or bear season is here, it is all just our thoughts and expectations, that is why none of us can guarantee what we say.
I haven't sold all my bitcoins yet and that's why I believe the bear season is not here yet, and conversely, those who took profits when bitcoin hit $100k have right to believe that the bull season is over.