- Whales move 14,000 BTC, signaling potential market shifts amid uncertainty.
- Bitcoin rebounds from $95K drop, showing resilience despite macro pressures.
- Market leans toward puts until April, reflecting cautious sentiment in crypto.
Bitcoin saw a significant movement of older coins, with approximately 14,000 BTC aged between 7 to 10 years shifting on-chain, according to analyst CryptoJack. This large transfer comes at a time of heightened market uncertainty, fueled by geopolitical tensions and economic policies. While Bitcoin has shown resilience, traders remain cautious amid shifting volatility trends and macroeconomic influences.
Market Faces Uncertainty Amid Economic Shifts
QCP Capital highlighted in a report that recent volatility stems from multiple factors, including DeepSeek’s market activity two weeks ago and last week’s turbulence driven by trade policies. This week, former U.S. President Donald Trump’s announcement of a 25% tariff on steel and aluminum briefly unsettled financial markets.
With Mexico and Canada among the top steel suppliers to the U.S., the new tariffs have raised concerns about renewed trade tensions. Additionally, Trump’s stance on possible sanctions against Japan follows the White House’s recent move to block Nippon Steel’s acquisition of U.S. Steel.
Asian equities saw a slight dip in response, while commodities remained largely unchanged. Meanwhile, Bitcoin experienced a brief drop to $95,000 before rebounding, suggesting that sentiment rather than fundamentals drove the market movement. The cryptocurrency market now leans toward put options until April, reflecting uncertainty and a lack of immediate bullish catalysts.
Traders Monitor Bitcoin’s Price Action
Despite the volatility, Bitcoin continues to demonstrate price strength. André Dragosch, head of research at Bitwise Europe, pointed out that Bitcoin recently faced its largest daily selling pressure since the collapse of Three Arrows Capital (3AC) in 2022. Yet, its price remains near the $100,000 mark, indicating possible seller exhaustion.
Market sentiment suggests that Bitcoin’s ability to withstand such heavy selling pressure may signal growing confidence among investors. While short-term volatility remains a factor, its ability to rebound quickly reflects strong underlying support.
Bitcoin’s Price and Market Capitalization
As of press time, Bitcoin is trading at $97,827.73, reflecting a 1.22% increase over the past 24 hours and a 2.16% gain over the past week. The asset’s 24-hour trading volume stands at $37.42 billion, while its total market capitalization has reached $1.94 trillion.
