Bitcoin crashes due to China's ”retaliatory tariffs”... If price defense fails, it could fall to $75,000

Bitcoin prices have fallen to the $82,000 level. The global trade dispute has intensified due to retaliatory tariffs, including China's imposition of additional tariffs on U.S. agricultural and livestock products, and economic uncertainty has increased.
Some are predicting that if investment sentiment towards risk assets cools, the price of Bitcoin could fall to as low as $75,000.
As of 11:25 a.m. on the 10th, the price of Bitcoin in South Korea based on BitTorrent was 122,977,000 won (approximately 12.47 million yen), down 1.44% from the same time the previous day.
At the same time, the overseas Bitcoin price based on CoinMarketCap was down 4.72% from the same time the previous day to $82,136 (approximately JPY 12.12 million).
Bitcoin, which had been hovering around $86,000 since the 8th, suddenly dropped to the $80,000 mark in the morning of the same day. This is about 13% lower than a week ago.
The reason for the sudden drop in Bitcoin prices is believed to be the escalation of the tariff war between the US and China. The increase in economic uncertainty is driving down the price of Bitcoin, which is a risky asset.
On the same day, China imposed additional tariffs on American agricultural and livestock products. It imposed 15% tariffs on 29 items, including American chicken and wheat, and 711 items, including pork, beef, and fruit.
This is a response to US President Donald Trump's decision to impose an additional 10% tariff on top of the existing 10% tariffs that were applied to Chinese imports from the 4th.
Arthur Hayes, co-founder of BitMEX, said via X (formerly Twitter) that if Bitcoin fails to hold the $78,000 line, it could fall to $75,000.
"There are a lot of open option positions in the $70,000 to $75,000 range," he said. "If the price falls to that range, Bitcoin's volatility will be...
It's going to get even bigger," he said.