Bitcoin slides toward $91,000 as crypto markets reprice risk one year into Trump era
Bitcoin fell toward $91,000 after a recent high, driven by macro uncertainty and leveraged long liquidations, despite strong ETF inflows.Summary
Bitcoin has dropped toward $91,000, marking six consecutive daily losses following an earlier rally to an eight-week high near $97,000. This retreat followed the unwinding of leveraged long positions due to renewed macro uncertainty, with approximately $850 million in liquidations occurring after tariff-related headlines triggered a sharp pullback. Analysts suggest this pullback reflects cooling momentum rather than a trend deterioration, supported by continued strong spot Bitcoin ETF inflows, which totaled about $1.4 billion last week. However, options markets show increased caution, with traders paying a premium for downside protection, indicating asymmetric downside risk in crypto markets reacting more sharply to negative news. This price action occurs one year into Donald Trump's return to office, a period during which Bitcoin is down about 10%, though crypto ventures have reportedly added $1.4 billion to the Trump family's net worth.
(Source：The Block)