BTC 15-Minute Pullback 0.66%: Tariff Policy Impact Combined with Large-Position Selling Triggers Downtrend

Between 06:15 and 06:30 (UTC) on April 6, 2026, BTC price declined within the range of 68,807.2 to 69,308.1 USDT, with a 15-minute return of -0.66% and an amplitude of 0.72%. Market volatility intensified during this period, with trading volume and social discussion activity rising simultaneously, reflecting fierce short-term capital battles. The main driver of this abnormal movement was a sudden change in macro policy.

Recently, the U.S. has increased tariffs and maintained high tariff policies, leading to a significant decline in global risk appetite, prompting investors to massively withdraw from high-volatility assets. Tariff-related news has been fermenting repeatedly since February 2026, intensifying safe-haven demand. Additionally, panic sentiment spread (the Fear & Greed Index dropped to an extreme low of 5/100), causing long positions to actively reduce holdings, which strengthened downward momentum.

Meanwhile, on-chain data indicates large funds accelerated inflows into exchanges, creating substantial selling pressure. On April 5, 2026, the net exchange inflow of BTC across the entire network was 348.74 BTC, with a single inflow exceeding $10 million reaching 649.96 BTC, showing that institutions and large holders dominated the selling. During this period, whale addresses (holding over 1,000 BTC) decreased from 3.2 million BTC to 2.9 million BTC, releasing significant liquidity. Holders with 100–1,000 BTC also reduced their positions simultaneously, further amplifying market resonance.

Although market depth has improved since the ETF launch, macro events combined with liquidity phase narrowing have prevented large sell-offs from being fully absorbed by price. Currently, BTC faces multiple pressures, with risk asset attributes amplifying volatility. In the short term, close attention should be paid to macro policy developments, large exchange net inflows, whale holdings changes, and market depth performance. If tariff signals further escalate or liquidity continues to tighten, downside risks may increase.

Investors are advised to focus on key support zones and market panic sentiment indicators, and to promptly monitor on-chain and market dynamics to respond to sudden fluctuations. #Gate广场四月发帖挑战