According to @burrytracker, Trump’s Truth Social post vowing massive tariffs on China reignited tariff fears. According to @burrytracker, minutes after the post the Nasdaq-100 fell nearly 2%, erasing more than $650 billion in tech market cap. According to @burrytracker, the S&P 500 then lost about $2.1 trillion in market value over the past two hours, its steepest drop since April.

According to @BullTheoryio, BTC is dropping as newly announced plans for heavy tariffs and export controls on Chinese industrial and strategic materials raise risks of supply-chain disruption, faster inflation, and slower global trade, tightening liquidity for high-beta assets (source: @BullTheoryio). According to @BullTheoryio, the selling is driven by risk-off rotation into cash and gold, a potential delay in rate cuts due to tariff-driven inflation risk, and a leverage unwind first hitting alts and leveraged BTC, which feeds downside momentum (source: @BullTheoryio). According to @BullTheoryio, traders should watch the 116,000-118,000 zone as near-term BTC support and monitor funding rates, open interest, BTC inflows, and stablecoin movements for stabilization signals (source: @BullTheoryio). According to @BullTheoryio, a rebound could materialize if markets anticipate Fed easing or if tariff rhetoric cools, while persistent policy uncertainty keeps a discount on risk assets (source: @BullTheoryio). According to @BullTheoryio, the roadmap is near-term volatility with support retests, medium-term accumulation as the narrative weakens, and a longer-term bullish setup into expected rate cuts and historically strong Q4 seasonality (source: @BullTheoryio).