Bitcoin, stocks collapsed after the ’90 -day tariff pause ‘considered fake news – BTC whales continue to gather
Global financial markets continued to collapse on April 7, as US equality had dropped more than 3%, wiping more than $ 2 trillion worth in the open market. The pullback saw the fall of the S&P 500 2.79%, along with an index officially entering a bear market, following a 20% decline from recently-only high-time highs.
However, the SPX temporarily rallied 6% after a rumor began to spread to X that US president Donald Trump was reflecting a 90-day tariff pause. Bitcoin (BTC) Price also rallied above $ 80,000, but after 30 minutes of positive price action, the White House confirmed that rumors are not true.
Source: x
The S&P 500 is currently in positive territory for the day. However, despite this uprising, recovery maintenance remains uncertain because the bearish undercurrents remain the same as before the gossip has begun to rotate.
In Asian trading sessions, where economies are highly dependent on the desired global trade, stock markets have collapsed. Hong Kong’s equity index suffered a tedious 13% collapse, which marked the worst performance from the Asian financial crisis. The main indexes in Shanghai, Taipei, and Tokyo also saw sharp declines, from 7% to 10%.
In fact, Nikkei 22 futures have suspended trading after it hit circuit breakers in its session.
Tensions continue to rise between the US and China after President Trump confirmed An additional 50% tariff on Chinese exports on April 9 if the country did not remove the initial 34% tariffs on the US on April 8.
Related: The Price of Bitcoin Retakes $ 80k as US Stocks Avoid ‘Black Monday’ Meltdown
Bitcoin hits the annual lows, but BTC whales have accumulated
After the first display of a decay from US indexes on April 3 and April 4, Bitcoin’s price sank 6.5% on the weekend and dropped to the new annual lows at $ 74,457 on April 7. It was the lowest price of Bitcoin since November 7, with speculators expecting further drawdowns on charts. Julio Moreno, head of cryptoquant research, said,
“Don’t catch a falling knife. Conditions have not been improved for Bitcoin. Only a bull signal is in the bull score index.”
On a positive note, the glassnode data revealed BTC whales (holding more than 10,000 BTCs) are increasing accumulation as smaller holders continue to distribute. The accumulation trend for whales briefly hits a perfect 1.0 around April 1, reflecting a 15-day spree purchase-the most significant since late August 2024.
The mark of accumulation of the trend of bitcoin holders. Source: x.com
Since March 11, whales have added 129,000 BTC, scoring to 0.65, indicating stable accumulation. Meanwhile, cohorts holding less than 1 BTC to 100 BTC moved to distribution, with marks dropping to 0.1-0.2 for most of 2025.
This trend has aligned Bitcoin’s support for $ 74,000, a level supported by more than 50,000 BTCs held by deadly investors since March 10.
Meanwhile, Axel Adler Jr., a Bitcoin researcher, also Taught Out that the supply dynamics metric suggests that the new Bitcoin supply is currently emitting annual change in active coins. A positive outbreak indicates a growing demand or market accumulation, and in history, increases in this metric coincide with bitcoin price recovery.
Bitcoin annual supply change and new coins. Source: Axel Adler Jr.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
