Global financial markets plunged on April 7, with US equities falling over 3%, erasing more than $2 trillion in value, and the S&P 500 entering bear market territory. Initial optimism arose from rumors of a 90-day tariff pause proposed by President Trump, but this was quickly dismissed by the White House, leading to further declines. Asian markets were significantly affected, with Hong Kong's index seeing a 13% drop, the worst since the Asian financial crisis. Bitcoin also faced challenges, hitting yearly lows of $74,457 after a 6.5% drop over the weekend. Despite these setbacks, BTC whales (holding over 10,000 BTC) ramped up their accumulation, adding 129,000 BTC since March 11. This indicates a diverse response in the market, as smaller holders shift towards selling while larger investors buy. The demand signals and historical trends suggest potential for future price recoveries, depending on market conditions and supply dynamics.

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