Glassnode： The impact of US tariffs on major financial markets, with $65000 to $71000 being an important support level for BTC bulls

Odaily Planet Daily News: Glassnode stated in its latest report that the announcement of US tariffs has caused serious disruption to major financial markets, with many markets experiencing their worst trading days since March 2020. Capital inflows into major digital assets have stagnated, causing significant resistance and liquidity contraction. However, as the prices of Bitcoin and Ethereum fall, the scale of losses seems to be shrinking, indicating that investors may be approaching the level of short-term seller fatigue. The current sharp decline in digital assets has shown a general downward trend, with the total market value of altcoins shrinking from $1 trillion in December 2024 to $583 billion currently. The resonance analysis between on chain data and technical models shows that $93000 is a key psychological barrier - Bitcoin must recover from this price level in order to rebuild its upward momentum. In the downward direction, the $65000 to $71000 range remains an important support level for bulls.