Bitcoin continues to exhibit bearish trends, losing ground amid recent tariff wars and growing economic uncertainty.
Overview of Bitcoin Prices
The price of Bitcoin has once again entered bearish territory, dropping to $82,000, reflecting approximately a 6% decline over the last two hours. On Wednesday, Bitcoin hit a peak of $88,563 during a rally triggered by Liberation Day hype, but the escalation of tariff wars sharply curtailed bullish momentum.
Declining Appetite for Leverage
Reported growing appetite for leverage in March was characterized by significant liquidations, especially in the first and last weeks of the month. However, in the past seven days, Bitcoin's leverage ratio has sharply declined, indicating a waning interest from traders in high leverage.
Market Outlook After Liberation Day
U.S. President Donald Trump commented on the current market state following the recent tariff war escalations, indicating potential easing of tensions. Nevertheless, overall uncertainty remains high, creating additional challenges for Bitcoin's recovery.
Recently, Bitcoin has faced negative factors such as tariff wars and declining appetite for leverage, casting doubt on its recovery potential in the near future.
