The tariff situation already knocked Bitcoin from $95k to sub-$92k, but traders are bracing for what comes next. This week is basically a macro minefield: Monday kicked off with the Fed injecting $15-20B in liquidity through T-bill operations, which sounds bullish until you realize thin holiday trading can make that liquidity work both ways.

Then Wednesday brings Trump addressing Davos – officially about economic policy, but crypto markets will parse every word for clues on trade escalation or regulatory stance. Thursday's Fed balance sheet release matters more than usual since it'll show whether last week's injection was one-off or the start of sustained easing. And Friday closes with Japan's rate decision, where another hike could strengthen the yen and pressure the carry trade that funds a lot of crypto speculation.

What stood out to me in the price action overnight was how quickly $850M in liquidations piled up once $BTC breached $93k. That level's been tested multiple times now, and each test with this much event risk clustered together makes the next break more likely. The market's not pricing in calm – it's pricing in a directional move, just doesn't know which way yet.

#bitcoin #CryptoVolatility #TariffWar #FederalReserve #CryptoMarkets