Tariffs returned to the limelight, though not as anticipated
New tariffs ignite another sell-off. BTC futures yields have collapsed to April 2025 lows, and a sharp intraday rise in perp OI sets the stage for a volatile Tuesday after a hectic long weekend.
Preview
Bitcoin experienced a volatile week, rising to two-month highs above $97,000 on strong ETF inflows before reversing sharply to around $91,000 amid renewed tariff announcements, escalating Greenland tensions, and broad risk-off sentiment. Political uncertainty added to the backdrop, with no Supreme Court ruling on tariffs and delays to the Clarity Act, including disputes over stablecoin interest payments between banks and crypto firms. As new tariffs on Northern European countries triggered aggress
