#特朗普宣布新关税政策 Bitcoin's "Tether Dividends" Are Completely Exhausted? Under the Tariff Storm, the 60,000 Level Has Become the Last Line of Defense!

Once regarded as the "savior" in the crypto world; now, a single tweet can cause digital assets to "bleed out" instantly. This Monday, the nerves of global investors were pushed to the limit again. Bitcoin (BTC) once plunged by 4.8 intraday, briefly breaking below the key psychological level of $65,000, with a low of over $63,000, hitting a new low since February.

From the peak of $126,000 in October last year to nearly "halving" now, the cryptocurrency market is experiencing an unprecedented paradigm shift.
Trouble from tariffs, as "digital gold" faces a "trade blitz."
The volatility on Monday morning was directly triggered by the unpredictable trade policies of the United States. A tweet from Trump raised the global tariffs from 10% to 15%. This move not only dealt a heavy blow to the S&P 500 and Nasdaq futures but also caused the "high-risk" cryptocurrency market to tumble.

Why do tariff policies severely hurt Bitcoin?
The logic lies in the tightening of macro liquidity expectations. Increasing tariffs mean rising inflation pressures, leaving little room for the Federal Reserve to cut interest rates, and strengthening the siphoning effect on dollar assets. As a "miner" of global liquidity, Bitcoin is most sensitive to this macro uncertainty. In just the past 24 hours, the total market capitalization of cryptocurrencies has evaporated by $100 billion.
Faith Collapse: Trump’s re-election gains have been fully "reversed." Ironically, Bitcoin has wiped out all gains since Trump’s 2024 re-election bid earlier this month. Recall October last year, when the market anticipated that Trump’s re-election would lead to extraordinary pro-cryptocurrency policies, pushing BTC to a historic high of $126,000.
However, reality has poured cold water on the supporters:
Broken Promises: Although the "Clear Act" initially sparked optimism, its regulatory implementation proved far more complex than expected, failing to translate into price momentum. Massive Sell-offs: Profit-taking at high levels triggered a chain reaction, with the entire crypto market losing over $2 trillion in market cap, and altcoins suffering even more.
Capital Outflows: Spot Bitcoin ETFs managed by institutions like BlackRock and Fidelity have experienced net outflows for five consecutive weeks, totaling $3.8 billion. This is the longest "withdrawal wave" since February last year.

Technical Review: Losing the $65,000 support, bears are targeting the "Maginot Line." The overnight dip below $65,000 was mainly caused by liquidity drying up, though buying interest later pushed prices back above $66,300. Is this a "dead cat bounce" or a reversal?
Support Level Battle: Currently, downside protection is heavily concentrated around $60,000. If this "Maginot Line" falls, market panic could trigger a stampede-style crash.
Reversal Resistance: Bulls aiming to turn the tide must first reclaim the $70,000 high; otherwise, any rebound will just be an opportunity to sell.
Liquidity Trap: From geopolitical tensions to repeated tariff policies, the fragility of the macro environment is making the $60,000 level teeter.

Narrative Deficit: Besides "halving," what else can we believe in?
Bitcoin now desperately needs a "new narrative." Over the past decade, Bitcoin has gone through multiple narrative iterations—"means of payment," "digital gold," "institutional asset allocation," etc. But in 2026, as institutional funds begin to withdraw and policy dividends turn into tariff noise, pure speculative sentiment can no longer support its high valuation.

Investor Survival Rules.
Avoid Leverage: In a market with insufficient liquidity, any extreme "spike" can instantly blow up long positions.
Watch the US Dollar Index: As long as the tariff war continues, a strong dollar remains the "Damocles sword" hanging over cryptocurrencies.
Gradual Deployment: If the $60,000 support can withstand the dual tests of this round of national addresses and tariff implementation, it may be a clear signal for medium- to long-term capital entry.

The tariff stick not only targets trading partners but also inadvertently harms the crypto supporters who once staunchly backed it. The digital asset market is entering a "de-bubbling, re-logic" deep-water zone. When the noise subsides, whoever can hold onto $60,000 will be able to see the dawn of the next cycle.