Bitcoin Touches $110,000 Before Correction Amid Trump Tariff Concerns

Bitcoin Market Analysis

Bitcoin recently touched the $110,000 milestone before entering a correction phase, currently hovering around the $109,000 level as market participants navigate through complex factors influencing the world's largest cryptocurrency.

Trump Tariff Policy Creates Market Uncertainty

The primary concern weighing on Bitcoin's price momentum stems from President Trump's evolving tariff policies. The administration recently announced plans to impose tariffs of up to 40% on 14 countries, including Japan and South Korea, before extending the mutual tariff deadline to August 1st.

According to cryptocurrency media outlet AMB Crypto, this policy uncertainty has triggered risk-aversion among investors, leading to capital outflows from cryptocurrency markets.

Exchange Inflow Decline Signals Bullish Sentiment

Despite current headwinds, several on-chain metrics suggest Bitcoin's underlying strength. The Exchange Flow Multiple has significantly decreased over the past two weeks, indicating that investors are increasingly holding Bitcoin for longer periods.

CoinReaders reports that dormant Bitcoin wallets from the Satoshi era have moved over $1 billion worth of Bitcoin, marking the first activity in 14 years.

Institutional Adoption Continues Expanding

Institutional investment in Bitcoin remains robust, with approximately $5 billion flowing into Bitcoin ETFs since the beginning of 2025. Recent developments include GameSquare, a NASDAQ-listed company, raising $8 million to build Ethereum reserves.

Technical Analysis and Market Outlook

From a technical perspective, Bitcoin's RSI indicator currently sits above 70, placing it in overbought territory. However, historical patterns following Bitcoin's halving events suggest that strong upward momentum typically emerges 6-12 months post-halving.

Elliott Wave analysis suggests Bitcoin could potentially reach $395,000, indicating that the current cycle may have significant room for growth.

Policy Support and Crypto Week

The ongoing Crypto Week in the U.S. House of Representatives has generated optimism about cryptocurrency-friendly legislation. The Trump administration's supportive stance toward digital assets could serve as positive catalysts.

Market Perspective

While Bitcoin faces short-term pressure from tariff policy uncertainty, the combination of decreasing exchange inflows, expanding institutional investment, and potential policy support provides a foundation for medium to long-term growth.

The current consolidation around $109,000 represents a healthy pause in Bitcoin's broader upward trajectory, as the market digests recent gains and prepares for the next phase of evolution.

Original Korean article: https://trendy.storydot.kr/economy/bitcoin-110000-correction-trump-tariffs-july2025

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