Glassnode: US tariffs hit major financial markets, $65,000-71,000 is an important support level for BTC bulls

reported that glassnode stated in its latest report that the announcement of U.S. tariffs caused severe disruption to major financial markets, with many markets experiencing their worst trading day since March 2020. Capital inflows for major digital assets have stalled, causing significant resistance and liquidity contraction. However, as Bitcoin and Ethereum prices decline, the scale of losses seems to be shrinking, indicating that investors may be approaching a point of short-term seller fatigue. This round of digital asset plunge shows a widespread decline, with the total market capitalization of Altcoins reduced from $1 trillion in December 2024 to $583 billion currently. On-chain data and technical model resonance analysis show that $93,000 is a critical psychological level - Bitcoin must reclaim this price to rebuild upward momentum. On the downside, the range of $65,000 to $71,000 remains an important support level for bulls.