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Crypto markets stumbled sharply following former President Donald Trump’s announcement of renewed tariff plans, with analysts warning that the bearish pressure could persist in the near term.
According to data analytics firm CryptoQuant, the market is now showing strong bearish signals across multiple indicators — from exchange inflows to miner selling behavior — in the wake of Trump’s comments that reignited fears of a broader trade war.
“The sell-off appears to be macro-driven,” CryptoQuant noted in a report, “and the reaction suggests risk-off sentiment is returning to crypto markets.”
Trump’s Tariff Talk Sparks Risk Aversion
Trump’s tariff remarks, made during a campaign event, hinted at a possible 10% universal tariff on all imports if re-elected. While aimed at foreign trade, the news spooked global markets and sent a wave of uncertainty rippling through risk assets — with Bitcoin and Ethereum among the hardest hit in the digital asset space.
Bitcoin dropped below key psychological support at $60,000 shortly after the announcement, while Ethereum slipped under $3,000 — both down over 5% in the past 24 hours at the time of writing.
CryptoQuant Flags Multiple Bearish Indicators
The bearish case is building, CryptoQuant says, with several key metrics pointing to a continuation of downward momentum:
- Rising Exchange Inflows: More BTC is moving to exchanges, often a sign that traders are preparing to sell.
- Whale Activity Increasing: Large holders are offloading, possibly anticipating further macro headwinds.
- Miner Reserves Dropping: Miners are beginning to sell more aggressively, potentially to lock in profits before further downside.
Together, these metrics paint a picture of cautious sentiment, with market participants pulling back risk exposure amid global economic uncertainty.
Short-Term Outlook: Caution Ahead
While long-term fundamentals remain strong, CryptoQuant analysts suggest that the current macro landscape — including interest rate uncertainty, geopolitical tensions, and now tariff threats — may keep crypto in a choppy, bearish zone for the near future.
“Unless macro sentiment improves or we see renewed institutional buying, further downside is possible,” the report concludes.
What to Watch
- Bitcoin’s support at $58K–60K — A break below could trigger stronger sell pressure.
- Stablecoin inflows — If they rise, it could indicate sidelined capital is ready to re-enter.
- Trump’s policy rhetoric — Ongoing comments may continue to sway market sentiment, particularly if he leads in polls.
