Bitcoin Shaken by Trump Tariff Shock, On-Chain Data Confirms Large-Scale Accumulation

▲ Trump, Bitcoin/ChatGPT-generated image

Bitcoin (BTC) is facing downward pressure amid tariff fears and weakening buying momentum. However, on-chain data is instead signaling a historic bottom, heralding the beginning of a major rebound.

In a video posted on February 22 (local time), cryptocurrency-focused YouTube channel Altcoin Daily reported that “as U.S. President Donald Trump raised global tariffs to 15%, Bitcoin prices fell and fear spread throughout the market.” Google Trends analysis shows that searches such as “Bitcoin dead” and “Bitcoin $0” have reached all-time highs, mirroring patterns seen during the FTX collapse. However, financial analyst Tom Lee, a well-known digital asset advocate, predicted that the Supreme Court’s ruling on tariffs could instead ease market uncertainty.

Lee analyzed that if the Supreme Court limits the president’s authority on tariffs, investors may feel relief, bringing renewed momentum to both tech stocks and the Bitcoin market. He argued that a decision invalidating tariffs could cool inflation and restore labor market flexibility, giving the Federal Reserve justification to cut interest rates. “A Supreme Court ruling could help curb inflation and create a favorable backdrop for a more dovish Fed,” Lee emphasized.

Positive signals are also emerging on-chain. Investors holding balances of more than $1,000 have been accumulating during this downturn, treating it as a buying opportunity. Notably, the $67,000 level, where 600,000 BTC were traded, has become the most active trading zone, with an amount equivalent to 3% of total supply changing hands. This range is likely to act as strong support going forward, and if Bitcoin breaks through the $87,000 resistance level, a new all-time high rally could resume.

The Ethereum (ETH) ecosystem is also strengthening its fundamentals despite weak price performance. The market size of real-world assets (RWA) on Ethereum surged more than 200% year-over-year, surpassing $15 billion. Although 2025 has been widely regarded as the worst year in Ethereum’s history, paradoxically, previous oversold phases have led to five consecutive months of gains. Smart money is quietly increasing exposure amid the current fear, preparing for the next upward cycle.

The U.S. government’s efforts to bring digital assets into the institutional framework are also accelerating. The White House has set a March 1 deadline to resolve stablecoin compensation disputes and advance legislation on the structure of the U.S. cryptocurrency market. President Trump reiterated his determination to ensure that the United States remains the global leader in digital assets and artificial intelligence, surpassing China. The crypto market stands at an inflection point, transitioning from early adoption to mass adoption, and is expected to mature further alongside institutional improvements.

Disclaimer: This article is for investment reference only and we are not responsible for any investment losses resulting from its use. The content should be interpreted for informational purposes only.