Analysis: Tariff threats continue to impact Bitcoin, market makers may amplify market volatility

BTC0,31%

BlockBeats News, January 20 – Geopolitical tensions have intensified following Trump’s threat to impose tariffs on European countries opposing his “Greece land takeover” plan, leading to a decline in Bitcoin and major cryptocurrencies along with Nasdaq futures.

In addition to macroeconomic bearish signals, internal market mechanisms may also exacerbate price volatility. Data shows that market makers in the Bitcoin options market currently hold a negative Gamma exposure in the $86,000–$95,000 range. Under negative Gamma conditions, market makers hedge risks by passively buying during price increases and selling during declines, thereby amplifying market swings.

The market is also paying attention to the potential risk of a Supreme Court ruling on Trump’s tariff policies. Analysts point out that an unfavorable ruling could trigger greater volatility in trade policies, fiscal deficit expectations, and other areas in the short term.

On the traditional market front, the US 10-year Treasury yield rose to a four-month high of 4.37%, the US dollar weakened, and US stock futures came under pressure, indicating overall pressure on US stocks and risk assets.

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