CRYPTOHELL2025-10-29

Tariffs Up 155%: Threat or Opportunity for Bitcoin?

The recent 155% tariff hike in U.S. imports could reshape global liquidity flows. Historically, protectionist measures like this tend to raise domestic inflation, strengthen the dollar temporarily, and pressure risk assets — including crypto. But on-chain data tells a different story. 📉 Exchange Netflow (BTC & ETH) has shown consistent outflows since mid-October, suggesting that investors are moving coins off exchanges. This typically reflects quiet accumulation by smart money, not panic selling. 💵 Meanwhile, Tether (USDT) Exchange Netflow (All Exchanges) recorded consistent inflows throughout October, with a few billion-dollar spikes in mid-month. This means buying liquidity remains healthy, even as risk sentiment weakened late in the month. ⚒️ Miner Position Index (MPI) remains low, showing that miner selling pressure is minimal. Historically, miners holding through uncertain macro conditions signal long-term confidence in Bitcoin’s value. 📊 In terms of valuation, MVRV Ratio is still below the euphoric zone, implying the market isn’t overheated yet, even with global risk sentiment turning cautious. Conclusion: While higher tariffs could tighten liquidity in the short term, on-chain data shows large holders are buying the dip, not exiting. As long as exchange selling pressure stays low and stablecoin inflows continue, Bitcoin may emerge as a hedge against U.S. fiscal and trade risks.