Bitcoin felt the influence of ongoing global tariff tensions, with a tiny rush up. It seems that the assets have stopped his bull, suppressing investors’ expectations in the field of recovery in a miniature time.

Currently, trading slightly above USD 77,000, BTC has dropped by almost 30% compared to the highest all time, including a decrease of 1.6% in the last 24 hours. Among this, the recent insight on the part of cryptochants Onchained suggests that Bitcoin is approaching a significant threshold that could determine the next main asset direction.

Bitcoin has realized price levels

Onchained’s Last analysis It indicates the convergence of the Bitcoin Spot price with a 2-year completed price. This record, from data to chain, calculates the average cost of coin acquisition transferred to blockchain in the last two years.

This price team often serves as a significant level of support, especially in the transitional phases between the markets of the bear and the bulls. Historically, Bitcoin maintaining a price of over a 2-year price signaled the strength among long-term owners.

Onchored noticed that BTC has remained above this line since October 2023, which is a sign of enduring trust in investors. If Bitcoin still maintains this level, this may indicate the establishment of a recent value floor, potentially establishing a scene for the renovated purchasing pressure.

The analysis adds that the reflection of this support zone can be interpreted as the influx of capital of investors perceiving this price level as a strategic accumulation point. However, a failure below a 2-year price may cause a deeper correction or a longer consolidation period.

Long liquidations strengthen market variability

In a separate updateThe Cryptoquant Darkfost analyst emphasized a significant event that shook the derivative instruments market. On April 6, the largest Bitcoin liquidation event took place the current bull cycle, removing about 7500 BTC in long positions.

The liquidation meant the highest daily number of forced long closures from the start of the bull market. According to Darkfost, this event was largely caused by the growing variability and uncertainty resulting from the problems of US economic policy.

The largest bitcoin event of the liquidation of this bull cycle

“On April 6, about 7,500 bitcoins were liquidated in long positions, marking the largest one -day excision of the entire bull so far.” – By @Darkfost_coc

Read more https://t.co/eqw2je8twd pic.twitter.com/iethwrdrvz

– cryptoquant.com (@cryptoquant_com) April 9, 2025

In particular, the fears associated with recent tariffs under the administration of President Trump increased pressure on global markets, including crypto. The analyst emphasized that such liquidation events serve as a reminder of the risk associated with high distance positions during uncertain macroeconomic conditions. Darkfost wrote:

This is a clear reminder that we must be careful during periods of growing variability, as it is today. This is a time of care and capital maintenance.

A distinguished picture created from DALL-E, chart from TradingView