Source: Cointelegraph.com NewsKey points:<\/p>\n
Bitcoin is heading further away from its latest all-time highs as US trade tariffs dictate the mood.
\nTraders are unfazed, arguing that BTC price action can retest even lower levels while maintaining its bull run.
\nHyperliquid trader James Wynn goes short BTC after closing a long worth $1.25 billion.<\/p>\n
Bitcoin (BTC) failed to maintain $108,000 into the May 25 weekly close as price action struggled to shake off new US trade war woes.
\nBTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView
\nTrump \u201chot air\u201d blamed as Bitcoin halts price discovery
\nData from Cointelegraph Markets Pro and TradingView showed BTC\/USD staying near multiday lows.
\nAfter snap losses accompanied comments by US President Donald Trump over 50% tariffs on goods from the EU, crypto immediately felt the heat, and $112,000 remained Bitcoin\u2019s latest all-time high.
\nFurther episodes, this time involving goods from specific tech giants, continued the impact, leading market participants to complain about Trump\u2019s hold over volatility.
\nSource: Truth Social\u201cMore hot air from the Manipulator in Chief,\u201d Keith Alan, co-founder of trading resource Material Indicators, wrote in part of a response on X.
\nAlan nonetheless had good news for Bitcoin bulls, arguing that price had more room to retest support without extinguishing the broader uptrend.
\n\u201cThe MACRO trend line and 2 key Moving Averages on the Bitcoin Daily chart currently have confluence with the Yearly Open,\u201d he noted, referring to the BTC\/USD 2025 opening level at around $93,500.\u00a0
\n\u201cAs long as BTC is trading above that zone, the Bull trend is still intact.\u201d
\nBTC\/USD 1-day chart. Source: Keith Alan\/XPopular trader Crypto Tony held a similar view, suggesting that even another $4,000 drop from current levels by the weekly close would be acceptable.<\/p>\n
$BTC \/ $USD – Update A close above $108,000 this week would be perfect, but a close above $104,000 is equally as ok as we clear the resistance zone pic.twitter.com\/f1jYRouinj\u2014 Crypto Tony (@CryptoTony__) May 25, 2025<\/p>\n
Fellow trader Merlijn eyed a classic short-term BTC price magnet in the form of a new \u201cgap\u201d on CME Group\u2019s Bitcoin futures.
\n\u201c$BTC just left a fresh CME Gap at $107,230,\u201d he showed on the day.\u00a0
\n\u201cThese gaps don\u2019t stay open for long. Expect price to come back and fill it. Eyes on that level.\u201d
\nBTC\/USD 1-hour chart. Source: Merlijn The Trader\/XBTC trading giant Wynn flips short
\nIn a move that quickly caught the attention of market observers, meanwhile, one large-volume trader suddenly flipped short on BTC this weekend.
\nRelated: Bitcoin ‘looks exhausted’ as next bear market yields $69K target
\nAs Cointelegraph reported, Hyperliquid trader James Wynn had previously opened a $125 billion long position but began losing money over the Trump volatility.
\nAs noted by research firm Lookonchain, not only had Wynn closed his long but had replaced it with a new short position worth around $110 million.<\/p>\n
Top trader @JamesWynnReal has flipped bearish on $BTC, switching from long to short.He opened a $BTC short position of 1,038.7 $BTC($111.8M) at $107,711.1 an hour ago, with a liquidation price of $149,100.https:\/\/t.co\/BMeuztgBNE pic.twitter.com\/uLypq5kLTj\u2014 Lookonchain (@lookonchain) May 25, 2025<\/p>\n
\u201cThat’s a lot of trading for an illiquid choppy weekend,\u201d trader Daan Crypto Trades wrote while reacting to the switch on X.\u00a0 Source: Cointelegraph.com NewsKey points: Bitcoin is heading further away from its latest all-time highs as US trade tariffs dictate the mood. Traders are unfazed, arguing that BTC price action can… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129951"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129951"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129951\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129951"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"