Bitcoin News Today: Bitcoin Eyes Rebound, but Trump’s Tariff Threats Pressure BTC Below $110K

Key TakeawaysRenewed US-China tensions and Trump’s tariff expansion have added short-term pressure to Bitcoin’s price.Bitcoin could dip below $100,000, though analysts expect next week’s macro events to trigger a rebound.Spot buyers continue accumulating BTC, while futures traders remain cautious, reinforcing short-term volatility.Bitcoin Faces Headwinds from Trump’s TariffsBitcoin’s (BTC) market structure suggests an effort to stabilize after last week’s sharp correction, but escalating US-China trade tensions and political uncertainty continue to weigh on sentiment.At the time of writing, BTC trades near $108,725, struggling to reclaim momentum amid renewed fears of an all-out tariff escalation under US President Donald Trump.The latest tariff announcements, coupled with the record-length US government shutdown, have kept futures traders on the sidelines, limiting Bitcoin’s upside potential.Spot Buyers Accumulate as Futures Traders SellAccording to SoSoValue data, spot Bitcoin ETF inflows and Coinbase Premium Index readings have trended upward since the October 10 sell-off, suggesting steady accumulation from both retail and institutional investors.However, futures market activity paints a different picture.Analysis from Hyblock shows that while Binance spot delta remains positive, the perpetual futures delta has turned negative, indicating that short positions are increasing even as spot buying persists.“The negative perps delta highlights that perps-driven selling is reinforcing the downtrend, while spot buyers continue to show strength between $107,000 and $108,000,” Hyblock data noted.Leverage Reset and Liquidation RisksBitcoin’s liquidation heatmap across Binance, Bybit, and BitMEX suggests that long liquidations could cluster around $106,300 to $104,000, while shorts may face liquidation pressure near $115,000.“The Oct. 10 liquidation cleared more leverage in dollar terms and as a percentage of open interest than the entire Jan–Apr 2025 period,” said Quinn Thompson, CIO of Lekker Capital, who compared the current setup to the pre-Trump victory period of 2024.Analysts Brace for a Volatile Week AheadMacro-focused trader Tom Capital noted that the next week could define Bitcoin’s short-term direction as traders navigate a range of macro catalysts, including:The US CPI release,A potential US government reopening,Speculation around future Fed rate cuts,Gold and Nikkei topping signals, andThe question of whether Trump will “TACO” (impose 100% tariffs on China) again.“Just trade the price action,” Tom Capital wrote on X (formerly Twitter), adding that next week’s macro environment may provide “plenty of actionable events.”Short-Term OutlookWhile Bitcoin’s short-term outlook remains uncertain, analysts agree that structural accumulation by spot investors and cleared leverage positions create the foundation for a potential market reversal.If macro conditions stabilize and institutional flows remain consistent, Bitcoin could find strong support around the $104,000–$106,000 range before resuming its upward trajectory.