Bitcoin's brief rally to $81,180, spurred by rumors of a US tariff pause, has collapsed following the White House's announcement of 104% tariffs against China, effective April 9. After dipping below $75,000 for the first time since November 2024, Bitcoin retested a critical demand zone between $77,000 and $73,400. Market analysts caution that long-term holders of Bitcoin may be considering selling, as evidenced by a spike in exchange inflow metrics that typically precedes price declines. CryptoQuant's data indicates that these holders, who have kept their assets dormant for over 155 years, might be preparing to move their coins, suggesting more pressure may be on the horizon for Bitcoin's price. Traders are now evaluating whether they will see another drop or if the worst has passed. Potential sell-offs could push Bitcoin's price toward the March 2024 high near $74,000 if past patterns hold true.

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