Bitcoin rebounds after $100B tariff whiplash — but $60k options price target hints at bigger risk

Bitcoin rebounded above $66,000 after a weekend selloff wiped out about $100 billion in crypto market value, triggered by rapid and unpredictable changes in US tariff policy following a Supreme Court ruling against IEEPA tariffs. The market reacted violently to the sequence of events, including the White House invoking Section 122 of the Trade Act of 1974 to impose a temporary 15% surcharge, leading to over $500 million in liquidations and pushing the Fear and Greed Index to "Extreme Fear." This macro shock occurred in an already fragile environment, evidenced by high Economic Policy Uncertainty Indices, causing investors to de-risk and treat crypto as a cyclical asset rather than a safe haven. While Bitcoin recovered key support, options hedging clustered around $60,000 suggests this level is critical if weakness returns. The future direction hinges on whether policy clarity emerges over the next 150 days, with the primary risk being a shift into a prolonged trade conflict that deepens risk-off sentiment across assets.

(Source：CryptoSlate)