Odaily Planet Daily News Glassnode said in its latest report that the announcement of US tariffs has caused serious disruptions to major financial markets, and many markets have experienced their worst trading day since March 2020. Capital inflows into major digital assets have stagnated, causing significant resistance and liquidity contraction. However, as the prices of Bitcoin and Ethereum fall, the scale of losses seems to be shrinking, indicating that investors may be approaching the level of exhaustion of short-term sellers. This round of digital asset plunges has shown a general decline, and the total market value of altcoins has shrunk from $1 trillion in December 2024 to the current $583 billion. The resonance analysis of on-chain data and technical models shows that $93,000 is a key psychological level-Bitcoin must recover this price to rebuild the upward momentum. On the downside, the $65,000 to $71,000 range is still an important support level for bulls.