Trump threatens to impose 25% tariffs on the European Union, BTC needles $82,200! Panic and greed index hit a two-and-a-half-year low of 10

BTC has been plummeting recently. In the early morning, after Trump threatened to impose a 25% tariff on the European Union, it once hit a Long Wick Candle of $82,236, reaching a new low since mid-November last year. The panic and greed index also dropped to an extremely fearful level of 10. (Background: BTCSpotETF saw a record high net outflow of 938 million yuan in a single day! Experts warn of further price drops) (Context: Cobo Godfish: If the US does not establish BTC reserves this Bull Market may come to an end) BTC fell below the previous low again after the US stock market opened last night. A few hours ago, President Trump pointed out during the first cabinet meeting that the EU was created to 'mess up' the US, and after imposing a 25% tariff on imports from the EU, BTC dropped again in the morning, hitting a new low since mid-November last year with the lowest Long Wick Candle at $82,236. Before the deadline, there was a slight rebound, currently reporting at $84,769, with a 4.36% drop in the past 24 hours. Standard Chartered Bank: BTC may further plummet. As for whether BTC has reached a bottom, is it time to Build a Position or catch the bottom? Geoff Kendrick, Chief Cryptocurrency Researcher at Standard Chartered Bank, mentioned in a recent interview that BTC may continue to decline, possibly by 10%. Kendrick explained that the recent turmoil in Solana and the fading frenzy of meme coins in its ecosystem have led to low investor sentiment in the market, which could continue to affect the overall cryptocurrency market and put pressure on BTC to fall. However, Kendrick also stated that a drop in US bond yields may boost BTC's price, but now is still not the best time to buy BTC. Looking ahead, with the economic slowdown and rising inflation expectations, US bond yields hit a low of 4.32% on Tuesday, the lowest since mid-December. The decline in yields may prompt investors to dump and seek assets like BTC with better performance, but now is still not the best time to start buying BTC. The next support level for BTC is lowered to $71,000. On the other hand, Nic Puckrin, founder of The Coin Bureau, stated that another major factor affecting cryptocurrencies this year is the market's concerns about tariffs, inflation, and high interest rates. Additionally, following DeepSeek's launch, doubts have been raised about the US's dominance in artificial intelligence (AI), further fueling risk aversion in the US stock market, which has spilled over to BTC. Since these issues have not shown clear signs of improvement, BTC may further decline in the short term: If concerns about tariffs continue to escalate, BTC may further decline in the short term. Its key support level will move down to $71,000. Unless there is a turnaround in the overall economy, although unlikely, BTC will experience a rebound. BTC's fear and greed index hit a two-and-a-half-year low. According to Alternative data, BTC's fear and greed index has dropped from 21 yesterday to an extremely fearful level of 10, the lowest since June 2022. While this does not immediately signal a market reversal, historically, the market may be approaching a short-term bottom. Bloomberg Senior ETF Analyst Eric Balchunas also pointed out yesterday that as one of the main buying forces for BTC's rise, BTCSpot ETF saw nearly $1 billion outflow on February 25, and $1.8 billion outflow this week. However, overall, these outflows amount to less than 2% of BTCSpot ETF's current size, with over 98% of investors choosing to continue holding. Bitcoin ETFs feeling the pinch, nearly $1b out yesterday and $1.8b on week. On bright side tho, that is less than 2% of assets, nickel dime considering the nastiness of the drawdown, over 98% of the money HODLing.