Trump tariffs triggered a plunge in the epic level of the encryption market: 700,000 people burst out, the scale exceeded 312

Original title: "Bitcoin Epic Stepstop 700,000 people exceeds 312"

On February 3rd, according to CNBC, after the US President Donald Trump implemented a long -term threat import tariff on Canada, Mexico, and China, cryptocurrencies had a hedging trend on Sunday and plummeted sharply.

According to Coin Metrics data, the latest plunge 7%to $ 93,768.66. The CoinDesk 20 index measures the 20 digital assets with the largest market value, down 19%. Ethereum plummeted 25%to the lowest level since November.

According to COINGLASS data, over the past 24 hours, the entire network has a network of US $ 1.119 billion, of which more than 1.78 billion US dollars are built, and the short single position is US $ 270 million. A total of 71,8513 people around the world were burst. The largest single explosion warehouse bill occurred at Binance-EthBTC values ​​at $ 25.6350 million.

On March 12, 2020, a short -term plunge in the crypto market. At that time, the number of explosions caused by more than 100,000 people. According to currency Coin data, on the day of March 12, in just 24 hours, the number of people encountered more than 100,000 in the network, and the largest single explosion was in Huobi. The BTC value was about 58.32 million US dollars, and the BTC value was about 58.32 million US dollars, and the BTC was about 58.32 million US dollars. The total amount of the entire network has a total amount of 2.93 billion US dollars.

According to CNBC, Trump signed an order to levy 25%of tariffs on imported products in Mexico and Canada, and imposed a 10%tariff on China. The order will take effect on Tuesday. Since then, American products have begun to decline. The trade with the United States and these three countries is about $ 16 trillion.

Jim Bie'anko, the founder of Biake Research Company, said that many people are asking why BTC has fallen so much because of tariff news. Because BTC is a speculative asset. It is 2 times QQQ (if not, it is 3 times). After the stock opened, the S & P Futures fell 117 points, a decrease of 1.9%. I remember last Monday, DeepSeek also caused the Standard Poorne index to fall by 100 points, a decrease of 1.5%, and NDX futures fell 600 points, a decrease of 2.95%.

Jeff Park, the strategy director of Bitwise asset management, said that because the US dollar and the US interest rates will eventually weaken, the continuous tariff warfare will be "amazing" in the long run.

In Jeff Park's view, to understand the current tariff issues, you must consider from the two backgrounds: one is the curse of Trifen's dilemma; the other is Trump's personal goals. By analyzing these two backgrounds, the end result becomes clear: tariffs may be just a temporary means, but the final conclusion is that Bitcoin will not only go higher, but also go faster.

First of all, Trifen's problem: The status of the US dollar as a reserve currency has given the United States the "excessive privilege" of the United States in financial transactions/trade, which will have some impacts: 1) Since other countries need to hold the US dollar as a non -elastic manner, Reserve, the US dollar is overestimated in structure; 2) the United States must continue to maintain a trade deficit in order to provide the world with these dollars; 3) the US government can continue to borrow less than its level of interest rates. The United States hopes to retain points 3, but get rid of point 1 and 2 -but how do you do it? The answer is tariff.

Aware that tariffs are usually temporary negotiating tools that reach goals. The ultimate goal is to seek a multilateral agreement that weakens the US dollar, which is essentially the square protocol 2.0. One of the assumptions is that the United States clearly pointed out that countries must reduce US dollar reserves, and at the same time require them to further extend the holdings of U.S. Treasury bonds. In other words, Trump tries to find a "YCC instead of YCC" in the administrative department. There is no doubt that Bason agreed to this because he realized that Yellen left him a bag of garbage. Yellen's heritage was to double the proportion of debt financing (increasing false liquidity) to make the finance make finances so that finance made finances to make finances make finances so that finance made finances to make finances make finances to make finances make finances to make finances make finances to make finances make finances so that finances make finances make finances so that finances make finances make finances so that finances make finances make fiscal fiscal and make finances. The ability of the department's management period is almost permanently damaged, causing the United States to be re -financing when interest rates start to rise. The cost of US taxpayers cannot be underestimated.

Therefore, the United States is paving the way to achieve the holy grail of legal currency alchemy: reducing the US dollar and yields.

This leads to the second point: it has been said before that Trump's primary goal is to reduce the 10 -year interest rate because his own wealth depends on this: real estate. He was obsessed with Powell's reduction in short -term interest rates, and then realized that this was unreasonable. This was a catalyst. Never doubt those simple, transparent, profit -oriented motivations, and stand with him. Remember me: No matter what the price pays, the interest rate of 10 -year Treasury bonds will decline.

Therefore, the assets that should be held are Bitcoin. In the context of weak US dollars and low interest rates, some unreliable economists will tell you that this is impossible (because they cannot simulate national policies), but the price of American risk assets will soar, beyond your imagination, It is likely that the government will have to reduce taxes significantly with the rising costs brought by the loss of comparative advantages. Tariff costs are likely to be borne by the United States and its trading partners through higher inflation rates, but the impact on foreigners is relatively greater. These countries will have to find a way to resist their weak growth problems, stimulate the economy through currency and fiscal policies, and eventually lead to currency depreciation. The anger citizens of these countries will go through a small financial crisis and find an alternative.

Jeff Park finally stated that it was basically offline from the world in the 1970s. Now we are not only online, but also on the chain. Therefore, although the two sides of the trade unbalanced equation need Bitcoin for two different reasons, the end result is the same: higher and faster -because we are in war.

In addition, investors regard $ 90,000 as a key support for Bitcoin. Some people warn that if the cryptocurrency has dropped significantly below its support, the price will be further adjusted to $ 80,000.

Bitcoin has fallen by about 16%from the historical high of $ 109,350.72, which was set on January 20. Over the years, experienced cryptocurrency investors and traders have been used to about 30%of the callback during the bull market.