🟦On the night of February 27, Bitcoin fell below $83,000 before recovering to $86,090. The drop was triggered by Donald Trump’s announcement of a 25% tariff on EU imports, which led to a $500 billion plunge in the S&P 500.
🟦Additional pressure came from hedge funds liquidating arbitrage positions, causing a record $1 billion outflow from BTC ETFs. CryptoQuant analysts recorded the largest capitulation since August 2024, with users selling 79,000 BTC at a loss.
🟦Despite extreme fear in the market, Binance CEO Richard Teng expects only a short-term dip, while Eric Trump advises buying assets during the decline.