"Bitcoin Returns $110,000 Amid Trump Tariff Uncertainty"

Uk Jin

Summary

Bitcoin fell back after surpassing $110,000 as uncertainty related to President Trump's tariffs increased.
It is analyzed that Bitcoin investor sentiment has weakened due to ongoing tariff uncertainty.
However, positive signals are being observed in the options market, where buying demand is stronger than selling demand.

Investor sentiment towards Bitcoin (BTC) is being dampened by President Donald Trump's tariffs.

As of 7 a.m. on the 27th (Korean time), Bitcoin is trading at $109,355 on Binance, up 1.84% from the previous day.

Overnight, Bitcoin briefly recovered to $110,000 but has since given back most of its gains.

Some analysts suggest that Bitcoin's inability to maintain an upward trend is due to deteriorating investor sentiment as macroeconomic uncertainties resurface. Cryptocurrency specialist media Cointelegraph reported, "Although President Trump has delayed reciprocal tariffs of up to 50% on the European Union (EU), reducing uncertainty, the economic outcomes of the ongoing tariff conflict have yet to materialize, preventing a rebound in investor sentiment."

However, positive signals have been observed among options market investors. The media stated, "According to Deribit Bitcoin options 30-day delta skew (put/call ratio) data, the delta skew is currently at -6%, indicating that put options (sell) are trading at a cheaper price compared to call options (buy)," adding, "This shows that buying demand is stronger than selling demand in the options market."

BTC