Foreign media: "Bitcoin will experience significant volatility around the 2nd of next month"

"Asset Market Already Reacting Ahead of Trump's Announcement"
BTC Spot Market Demand and Futures Market Betting Decrease
BTC RSI at 'Oversold'... "Investors Predict Decline"

Multiple foreign media outlets predicted that Bitcoin (BTC) could experience significant volatility with Trump's upcoming announcement on continuing trade war tariffs.

On the 31st, cryptocurrency specialized media Cointelegraph pointed to the 'Liberation Day' announced for next month's 2nd. President Trump has designated the 2nd as 'Liberation Day', previewing the precise additional tariff rates for major trading partner countries.

Cointelegraph noted that the market has already anticipated President Trump's announcement, with the cryptocurrency market, including Bitcoin, beginning to decline. The basis is the decrease in Bitcoin spot trading volume alongside the US market's downward trend and futures investors' passive betting positions.

Cointelegraph stated, "Bitcoin's steady price decline has already weakened spot market demand, and futures market betting on specific positions is decreasing" and "Investors are betting on risk reduction".

Currently, on-chain data surrounding Bitcoin is leaning towards additional potential decline.

Bitcoin's Relative Strength Index (RSI) shows selling pressure overwhelming buying pressure. According to Sigbit's data at 9:30 AM on the 31st, Bitcoin's RSI is 29.5, recording as 'oversold'.

RSI is a price analysis indicator that determines upward and downward pressure on an asset based on investors' buying and selling pressures.

Bitcoin was trading at $81,803 as of 9:30 AM on the 31st, according to CoinMarketCap.

Reporter Seung-won Kwon ksw@blockstreet.co.kr