Bitcoin, stocks crumble after ‘90 day tariff pause’ deemed fake news — BTC whales keep accumulating
The global financial markets continued to tumble on April 7, as American actions fell by more than 3%, wiping more than 2 dollars of value on the open market. The withdrawal saw the S&P 500 drop by 2.79%, the index officially entering a lower market, after a decrease of 20% compared to its recent heights of all time.
However, the SPX was temporarily rallied by 6% after a rumor began to spread on X that US President Donald Trump was considering a 90 -day price break. The price of Bitcoin (BTC) also rallied above $ 80,000, but after 30 minutes of positive price action, the White House confirmed that the rumor was not true.
Source: X
The S&P 500 is currently in positive territory for the day. However, despite this increase, the sustainability of the recovery remains uncertain because the basic currents remain the same as before the price rumor begins to circulate.
In commercial sessions in Asia, where savings are strongly dependent on favorable world trade, the stock markets have dropped. The Hong Kong shares index suffered an astonishing drop by 13%, marking its worst performance since the Asian financial crisis. The main clues in Shanghai, Taipei and Tokyo have also experienced strong drops, ranging from 7% to 10%.
In fact, Nikkei 22’s term contracts suspended the trade after hitting circuits breakers during its session.
Tensions continued to degenerate between the United States and China after President Trump confirmed an additional 50% rate on Chinese exports on April 9 if the country has not withdrawn its initial 34% tariffs in the United States by April 8.
Related: Bitcoin Price removes $ 80,000 because American shares avoid the merger of “black Monday”
Bitcoin hits annual stockings, but BTC whales accumulate
After initially demonstrated a decoupling the American indices on April 3 and 4, the Bitcoin price dropped by 6.5% this weekend and fell to New Annely Low at $ 74,457 on April 7. This is the lowest price of Bitcoin since November 7, with speculators expecting other titles in the list. Julio Moreno, research manager at Cryptochant, said,
“Do not capture the falling knife. The conditions have not yet improved for Bitcoin. A single bull signal is lit in the bull score index.”
On a positive note, Glassnod data revealed that the BTC whales (containing more than 10,000 BTC) intensify accumulation while small carriers continue to distribute. The accumulation trend score for whales has briefly reached a perfect 1.0 to April 1, reflecting a 15 -day purchase frenzy – the most important since the end of August 2024.
Trendy accumulation score by Bitcoin holders. Source: x.com
Since March 11, whales have added 129,000 BTC, marking at 0.65, indicating regular accumulation. Meanwhile, the cohorts containing less than 1 BTC at 100 BTC moved to the distribution, the scores falling to 0.1 to 0.2 for most of 2025.
This trend is aligned with the support of Bitcoin’s research at $ 74,000, a level supported by more than 50,000 BTCs held by sleeping investors since March 10.
Meanwhile, Axel Adler Jr., a Bitcoin researcher, also stressed that the metric of supply dynamics indicates that the new Bitcoin diet is currently exceeding the annual change of active parts. A positive increase indicates a growing demand or accumulation on the market, and historically, such increases in this metric have coincided with the recovery of bitcoin prices.
Bitcoin Change of annual offer and new coins. Source: Axel Adler Jr.
Related: Has the price of bitcoin dropped the bottom at $ 75,000? – the data suggest that the BTC decoupling to the actions will continue
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
