Data Changes on Bitcoin Chain in the Fourth Week of 2026- Weaponization of Tariffs The last two weeks can be said to be Trump's tariff week. After Trump's tariff TACO on Greenland last week, the tariff threat to Canada and South Korea began a week later. The Supreme Court, which can balance Trump's IEEPA tariff, is now in a state of rest. The next hearing will be held on February 20, during which Trump's tariff policy is one of his biggest weapons. Recent Bitcoin Price Trends From the actual results, it can be seen that the price of BTC has been fluctuating in the past two weeks. However, if we extend the time, we can find that the price of Bitcoin has been fluctuating around $90000 for the past two months from November 20th to now. After breaking through to above $90000, various situations will occur and it will fall. The curse of $90000 mentioned earlier seems to have not been completely lifted yet, but considering the large amount of funds entering the US stock market recently, the S&P 500 has continuously broken through historical highs. If it can continue, it should not be difficult for Bitcoin, which still has a high correlation with the US stock market, to break through the $90000 constraint. The difficulty lies in BTC being a leveraged technology stock, and it will fall even more when it falls. The stock of Bitcoin on the exchange in the past year Since we know that investors are actively buying US stocks in the general direction and believe that the US stocks should have good development in 2026, at least there should not be too much selling of BTC. Even if investors buy less, the selling volume will not be large. From the data of the stock of Bitcoin on the exchange, it can be seen that although there have been continuous negative factors in the past week, there are not many chips waiting to be sold on the exchange, and more than 20000 BTC have been transferred compared to last week's low point. Although there are still about 19000 of these transfer volumes that have not been digested, this stock is not enough to affect the changes in spot prices. Currently, the stock on the exchange is still at a relatively low level. The number of Bitcoin transferred to the exchange in the past year Moreover, based on the data transferred to the exchange in the past three weeks, the slight selling panic caused by tariffs has almost come to an end. In the three working days of this week, the amount of BTC transferred to the exchange has been at a very low level recently, indicating that the impact of selling on prices is not significant, and it is more likely due to low buying volumes. In fact, from the data of Bitcoin spot ETFs, it can be seen that two weeks ago, before the Greenland tariffs, US spot ETFs had a net inflow of over 15000 BTC. However, in the recent week, under the threat of tariffs from Greenland and Canada, US investors have a net outflow of over 15000 BTC, which has been offset. This also indicates that traditional investors are currently more speculative about cryptocurrencies, and there is still a "Federal Reserve" purchasing power before investing. Position of BTC in stock on the exchange in the past year and a half In previous weekly reports, I have been fond of using the 30 day change in exchange stock as a measure of purchasing power. It is evident that the purchasing power represented by the data from the fifth large-scale withdrawal and exit from the exchange was not very strong, with a short duration and low volume taken away. This indicates that the actual liquidity of Bitcoin is still poor. However, in recent days, there has been a net inflow situation. With fewer transfers to the exchange, a net inflow can only indicate a mess of low purchasing power. This situation also occurred in the second half of last year, representing that the rise of Bitcoin was not due to a significant increase in purchasing power, but rather to a decrease in selling. Currently, if selling continues to decrease, it will greatly help the BTC price to fluctuate upward, and the reason for the decrease in selling is most likely due to the good pace of the US stock market's rise. The focus of this week should be the Federal Reserve's interest meeting. But with the countdown of Powell's departure time, that's exactly what happened to the three recent interest meetings. Even if Powell continues to serve as a director of the Federal Reserve, it will not change the dove sentiment that Trump's confidants will convey at the press conference. @bitget VIP， Lower rates and more generous benefits