On the 25th, 79,300 BTC were transferred from exchanges due to the BTC decline. "Short-term investors may engage in additional panic selling following the sharp drop."
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The on-chain analysis platform Cryptoquant reported in its report released on the 26th that short-term Bitcoin investors transferred about 79,300 BTC to exchange wallets on the 26th.
On the 26th, the price of Bitcoin fell to $86,000 due to the large-scale liquidation that occurred in the futures market on the 25th. It is explained that short-term investors who bought Bitcoin in the hopes of short-term profit-taking may have panicked about further declines and massively transferred Bitcoin to exchanges to sell.
Cryptoquant said, "The price drop of Bitcoin on the 25th may have triggered panic selling by short-term investors," and "if further adjustments occur, short-term investors may engage in large-scale selling again."
It also emphasized that "while the massive transfer of Bitcoin to exchange wallets does not necessarily lead to selling, it has a high probability of triggering selling pressure," and "if the transfer volume leads to selling, it will be the largest selling wave since 2025."
The macroeconomic news that can explain the Bitcoin crash on the 27th is the declaration of a trade war by President Trump against the European Union (EU).
President Trump announced in a cabinet meeting on the 26th that the EU was "an organization created to rip off the United States," and that he would soon announce a 25% tariff on European imports, including automobiles. It is explained that Trump's declaration of raising the current 2.5% tariff rate by about 10 times caused fears of inflation, which swept the asset market, and the cryptocurrency market, including Bitcoin (BTC), fell again.
