Bitcoin treasury firms have reportedly sold off their holdings for three consecutive weeks, marking a historical first. According to ChainCatcher, this trend suggests increased short-term pressure on Bitcoin prices, which could approach new bear market lows if no new demand emerges.
Analysts highlight that macroeconomic uncertainties and outflows from ETFs are further suppressing demand. U.S. President Donald Trump announced last week an increase in global tariffs from 10% to 15%, exacerbating the decline in market risk appetite. However, in the long term, this pullback may help clear leveraged positions and speculative holders, thereby resetting the market structure.