The main force lacks confidence in the future market

The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday. Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO. Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week. 

According to on chain analyst Yu Jin's monitoring, the giant whale/institution that has been hoarding WBTC and ETH since December 2022 has spent 15 million USDT to purchase 151.3 WBTCs in the past 2 hours, with an average purchase price of approximately $99124. As of now, the giant whale/institution has invested a total of 228.5 million USDT to purchase BTC and ETH, with a current floating profit of 93.89 million USD. The specific position situation is as follows: 178.8 million USDT purchased 2687 WBTC, with an average price of $66570 49.63 million USDT purchased 17792 ETH, with an average price of $2790

OKX-OKB/USDT is now reported at $5.02, with a 24-hour decline of 4.07%. Please pay attention to market fluctuations.

HTX-BTC perpetual contract is now reported at $99061. According to market contract position analysis, the main force lacks confidence in the future market, and the price may decline. Please hold positions reasonably and control risks

OKX-CRV is currently priced at $0.6346, with a drop of 15.48% over 24 hours. 24-hour transaction volume of 400 million US dollars, up 15.48%, for reference only