May 12th, the US-China tariff agreement was implemented—


US tariffs on China: 145% → 30% (90-day ceasefire)
Chinese tariffs on the US: 125% → 10%
Wall Street's reaction that day:
Nasdaq +4.3%
S&P 500 +3.3%
Dow Jones +1,100 points
BTC's reaction:
24-hour high only $81,262
Current price $79,636 (-1.4%)
After PPI data was released: $304 million long positions liquidated
BTC is 37% below its all-time high ($126,080)
"On the day the Nasdaq rose 4.3%, BTC longs were liquidated for three hundred million—tariff narratives are stock narratives, PPI is the real key for BTC. The strategy of buying BTC to hedge the trade war was liquidated today." #Gate广场五月交易分享 $BTC
BTC-1.89%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin