Bitcoin Traders Brace for Major Tariffs and Whale Activity This Week

Bitcoin traders are preparing for a volatile week influenced by key factors:

#1 US Tariffs Set to Rise on April 2

  • The US administration plans “reciprocal tariffs” effective April 2, escalating international trade tensions.
  • Tariffs include 25% levies on auto imports and oil purchases from Venezuela.
  • Retaliatory measures from Canada, China, the EU, and Mexico may follow, increasing market uncertainty.
  • Inflation pressure could rise due to higher consumer costs on imports.
  • Policy uncertainty is significantly elevated compared to past crises, leading to anticipated market volatility.

#2 Bitcoin Whale Activity

  • Large liquidity movements in Bitcoin hint at a potential whale strategy linked to an entity known as “Spoofy the Whale.”
  • This whale appears to be buying dips and has bids positioned down to $78k.
  • Upcoming events may catalyze price swings, with implications for BTC's near-term prospects.

Firechart Bitcoin chart

#3 Technical Analysis: Bearish Flag Breakdown

  • A bearish flag pattern breakdown raises concerns about support levels around $81K.
  • If BTC falls below this level, a target range of $70K–$73K may be reached.
  • Contrarian sentiment suggests a possible market reversal despite negative outlooks surrounding April 2.

Bitcoin liquidation map

#4 Accumulation by Seasoned Investors

  • Experienced players are entering a new accumulation phase, as indicated by low selling activity.
  • Historical data correlates low Value Days Destroyed (VDD) periods with potential price increases.
  • Current market conditions suggest confidence among long-term investors, despite macroeconomic uncertainties.

Bitcoin VDD

#5 CME Gap Considerations

  • The recent filling of a CME gap between $82,000 and $85,000 is noteworthy.
  • A new CME gap formation over the weekend may lead to a price move towards $84k next week.
  • CME gaps often influence Bitcoin's price action, depending on broader market trends.

Bitcoin CME Gap

Currently, BTC is trading at $82,010.

Bitcoin price