Master It Exams

Bitcoin’s at $83,000 today, Thursday, April 3, 2025, reeling from Trump’s tariff bombshell. The crypto market lost $200 billion, and $178 million in BTC got liquidated.

Yet, the big shots poured $218 million into US Bitcoin ETFs. Let’s break it down and see where it’s headed.

Trump’s Big Tariff Play Rattles Markets

Wednesday—Trump’s “Liberation Day”—hit hard. He threw tariffs on 185 countries, the meanest in a century. It kicked off with a 10% tariff rumor from the Wall Street Journal. Stocks jumped, and BTC soared to $88,500.

Then, at 4:26 PM ET, Trump waved the real tariff list. “Futures went from +2% to -4% in minutes as he read it out,” says The Kobessi Letter. Think 34% for China, 20% for the EU—way past 10%. BTC tanked to $82,320 by day’s end.

https://x.com/KobeissiLetter/status/1907551575960322170?t=-aRagsAzTnL8FjBHA46C_Q&s=19

Heavy Hitters Grab the Bargain

That $200 billion crypto wipeout didn’t scare everyone. US spot Bitcoin ETFs saw $218 million roll in Wednesday, per Coinglass. That’s a switch from outflows since Friday. Big investors are buying low.

If they keep going, BTC could climb. It’s fighting to get past $85,000 now, a level tied to the 200-day average and a dropping trend.

*Chart showing liquidation. Source: Coinglass *

What’s Next for BTC?

BTC touched $88,211—a middle point from $66,835 in November to $109,588 in January—then fell 3.10%. Couldn’t bust $85,000.

https://x.com/KobeissiLetter/status/1907551583027573130?t=nzgnPvaYaVtDcfBZQeH_Qw&s=19

RSI’s at 46, down from 50, hinting at more downside. MACD’s stuck—nobody’s sure. If $85,000 blocks it, $78,258 might be the floor. Break above, and $90,000’s the prize. It’s chilling at $83,000 today.