Bitcoin Falls Due to Continous Bad News...Continued to Fall days

Trump "Will Impose 25% Tariffs on EU"...Inflation Fears Risen at Market
Cryptoquant "Short-Term Investors Transfer BTC 80,000 Exchanges"
U.S. BTC Spot ETF Continues Net Outflow for 7th Straight Trading Day
Bloomberg "Futures Investors are Betting BTC Fall Again at Dec. 28"

Bitcoin(BTC) fell on Feb. 26 due to President Trump's declaration of a tariff war against the European Union, panic cells by short-term investors, and record net outflow of Bitcoin Spot Exchange Fund(ETF) in the United States.

At a cabinet meeting on Feb. 26, President Trump said, "The EU is an organization created to rip off the United States," signaling that he will soon announce a policy of imposing 25% tariffs on European imports, including automobiles. Inflation fears hit the asset market and cryptocurrency markets, including Bitcoin, fell as President Trump declared that he would raise the tariff rate, which is currently set at 2.5%.

As Bitcoin plunged one after another, short-term investors panicked.

Cryptoquant, an on-chain analysis platform, said in a report published on Feb. 26 that short-term Bitcoin investors transferred about 79,300 Bitcoin to the exchange's wallet on Feb. 26. Cryptoquant said, "The price drop of Bitcoin on Feb. 25 may have triggered panic selling by short-term investors," adding, "Short-term investors could start selling again on a large scale if further adjustments occur."

Bitcoin spot ETFs in the U.S. are also found to be continuing record net outflows.

Cointelegraph, a media outlet specializing in cryptocurrency, reported on Feb. 27 that 'IBIT' of BlackRock, the largest Bitcoin spot ETF in the U.S., recorded a net outflow of $420 million on Feb. 26. The net outflow of bitcoin from IBIT on Feb. 26 is about 5000, the largest since IBIT was launched early last year.

IBIT is not the only one. Fidelity's Bitcoin spot ETF FBTC, which maintains its second asset management, has also posted net outflows for seven consecutive days, with a net outflow of $145.7 million on Wednesday alone.

In addition, Bitwise, Ark 21 Shares, Invesco, Franklin Templeton, Wisdom Tree, and Grayscale all recorded net outflows of $10 million to up to $60 million on Feb. 26.

Altcoins also fell weakly due to Bitcoin's decline, recording an average decline of more than 2% on Feb. 27.

◇Bitcoin = Bitcoin price is $86,216 at 4:30 p.m. on Feb. 27, 2025. The Bitcoin share (dominance) was 60.86%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 72.60% and 27.40%, according to the on-chain analytics platform Sigbtc.

Experts have expressed the prospect that Bitcoin's decline may not end yet.

Bloomberg reported on the 27th that according to The Bit, the world's largest cryptocurrency option exchange, there were the second most contracts betting on $70,000 among options that mature on the 28th. This means that investors are preparing for Bitcoin to fall to $70,000 due to falling prices.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Feb. 27 was CARV(CARV), up about 65%.

CARV is a modular data layer protocol that facilitates data exchange and value distribution in the field of gaming and artificial intelligence (AI). Throughout the data process, including data verification, storage, model learning, and value distribution, individuals can own, control, verify, and monetize their data.

The CARV Protocol aims to pioneer a future where data creates value for everyone. The cryptocurrency CARV is a utility token of the CARV Protocol and is used for governance, incentives, etc.

◇Fear Greed Index = The cryptocurrency fear-greed index provided by Alternative is 29.98 points, maintaining the 'Fear' level. The fear stage (20-39) is a stage where cryptocurrency price volatility and trading volume increase, and the price falls. Since there is a high possibility of forming a low point in the short term, one should be careful about buying.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 33.7, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr