Bitcoin Coinbase Spot Price Lags Despite Large BTC Purchases – Is US Demand Weakening?

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Bitcoin experienced intense volatility yesterday, surging above $88,000 before plunging below $82,000 within hours. The massive swing came as U.S. President Donald Trump announced new tariffs on what he declared “Liberation Day,” sparking fresh fear across global markets. The announcement jolted investor sentiment, sending risk assets—including Bitcoin—into sharp intraday moves. Bulls, who had been hoping for a sustained breakout, are now panicking as selling pressure appears to be building again.

The sudden reversal has rattled confidence and raised concerns that more downside may be ahead. Despite the bearish momentum, there are still glimmers of optimism among some analysts and traders. According to crypto analyst Daan, the market is showing mixed signals. Even with Michael…

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