Matrixport’s recent analysis reveals that U.S. President Trump’s announcement of new tariff measures has not excessively rattled market sentiments, despite a notable pullback in the stock market. The reaction indicates a limited risk aversion among investors, suggesting that we are not experiencing a comprehensive “risk-off” phase. Bitcoin is encountering resistance around the crucial $90,000 mark, reflecting a lack of strong buying momentum.
The Federal Reserve maintains a neutral outlook amidst tightening conditions and a contraction in funding rates, which could lead to diminishing arbitrage selling pressures. As the U.S. earnings season approaches, combined with the recent downturn in the ISM Manufacturing Index into contraction territory, the market might face increasing headwinds. Furthermore, the Bitcoin options skew rate, which peaked at 20%, underscores rising demand for downside protection, particularly near the $80,000 support level, though this skew has recently eased to 9%.
Matrixport anticipates that President Trump may employ measures such as tax cuts or regulatory reforms to stabilize market enthusiasm, subsequently promoting a more conducive investment climate for reshoring industries. This evolving market sentiment could usher in a wave of modest buying interest, warranting attention on the implications of tariff policies for the crypto sector.