This is not fear, but sharp fluctuations in the macroeconomy.

Every significant decline in #البيتكوين during 2025 and 2026 coincides with #tariff_ shocks and trade tensions.

April: Comprehensive tariffs = approximately 12% decrease in #BTCUSDT

October: Escalation of tensions between the US and China = approximately 8% decrease in #BTC

January: Trade risks between the US and the European Union = approximately 7% decrease in #Bitcoin

This illustrates how the market is currently handling Bitcoin: a risk-sensitive asset affected by growth, interest rates, and liquidity.

But here is the main point that many overlook: 👇

📊 The flow of funds from trading platforms has not remained high. While there are short-term spikes in inflows during sell-offs, there has not been intense and continuous selling.

This is just a temporary easing of risks, followed by later absorption.

So far, it appears that this is a macroeconomic pressure affecting the price, not a structural collapse in demand.

If cash flows stabilize, that will be another matter. Until then, this is just volatility caused by political shocks... not the end of the cycle.

$XRP ‌
$SOL ‌
$BTC ‌