Less than a week after Trump announced a 100% tariff policy against China, triggering a $19 billion liquidation in the crypto market, Bitcoin and Ethereum are leading a strong rebound.
According to the latest data, Bitcoin has risen above $115,000, increasing by 4.25% in the past 24 hours, while Ethereum performed even better, with a price breaking $4,163 and a daily increase of as much as 11.74%.
Market analysts pointed out that this rebound confirms that the tariff shock is only a short-term disruption, rather than a structural end to the cryptocurrency bull market.
01 Tariff storm, the market faces geopolitical challenges
On October 10, 2025, Trump announced that starting from November 1, a 100% tariff would be imposed on Chinese imports, a decision that instantly triggered a panic sell-off of global risk assets.
The cryptocurrency market has been hit hardest, setting a record of $19 billion in forced liquidations within 24 hours, with nearly 1.6 million traders’ positions being liquidated.
Bitcoin once dropped by 5% to $112,000, while Ethereum plummeted by more than 10%. This sudden washout caught many investors off guard.
Centralized exchanges have faced tremendous pressure, with Binance even experiencing a 30-minute delay, and CEX outflows surging by 25%, highlighting the fragility of traditional trading architecture in extreme market conditions.
02 Counterattack, the crypto market shows amazing resilience
Despite the huge impact of tariffs, the speed of recovery in the market has exceeded most people’s expectations.
As of October 13, the top twenty cryptocurrencies are all in the green, not just Bitcoin and Ethereum, with BNB rising by 17.09%, Solana up by 13.07%, and Mantle experiencing a big pump of 39.00%.
This widespread and strong rebound indicates that the crypto market has quickly absorbed the short-term effects of the tariff news.
It is worth noting that the Gate platform token GT has also risen by 8.47% in the last 24 hours, reflecting an increasing confidence among investors in the exchange ecosystem.
03 Institutional Perspective: Professionals Interpret Market Dynamics
In the face of this round of severe volatility, professional institutions have provided their market insights.
Tom Lee, the chairman of BitMine, stated in an interview on Sunday that he remains bullish on Ethereum and believes this pullback is a healthy washing process.
Lee pointed out that Ethereum has risen 36% since April this year, and this pullback is something that "should have happened a long time ago."
He cited statistics from Fundstrat indicating that after the VIX surges more than 25% in a single day, the average returns of the risk market typically turn positive within a week to a month.
"This sharp fluctuation does not stem from a structural change in the market, so it cannot be classified as a bear market signal; rather, it is a healthy cleansing process of market deleveraging," Lee emphasized.
04 Buy on dips, giant whales and institutions quietly layout
While retail investors are panic selling, institutional players see a good opportunity to buy on the dip.
According to the latest data from Lookonchain, during the market cleaning on Sunday, the BitMine wallet address has been continuously increasing its holdings of Ether, buying a total of 128,000 coins for $480 million.
Currently, BitMine holds 2.83 million Ether, which indicates that large participants maintain confidence in the medium to long-term prospects of digital currency.
Despite BitMine currently suffering over $2 billion in unrealized losses due to Ethereum being below its average cost of establishment, it continues to increase its positions, demonstrating a strong optimism towards the market outlook.
05 DeFi performance, decentralized finance demonstrates anti-fragility
In this round of tariff shocks, a noteworthy phenomenon is the resilience exhibited by decentralized finance (DeFi).
When centralized exchanges experience delays and suspensions, DeFi platforms like Aave and Uniswap seamlessly handle the flow of funds.
Aave’s isolated pool absorbed $2 billion in loans without any violations, while Uniswap’s AMM handled a 500% surge in trading volume through efficient routing.
Hyperliquid processed $5 billion in perpetual contracts unscathed after its $40 million treasury victory, highlighting the advantages of the Layer 1 custom stack.
06 Market Outlook, Can the Rebound Continue?
Regarding the market trend, analysts believe that there may still be fluctuations in the short term, but the medium to long-term trend remains positive.
Tom Lee believes that the bullish trend in the market has not been overturned and that after hitting the bottom, it will rise again.
Factors supporting this optimistic view include: the continuous development of AI technology, Wall Street’s ongoing adoption of cryptocurrencies, and the Federal Reserve reopening the interest rate cut cycle.
From a technical analysis perspective, Ethereum’s key support level is around $3,840, while if Bitcoin can stabilize above a higher low, it will provide a foundation for the market to continue its rebound.
With the official implementation date of tariffs approaching on November 1, the market may face another test, but this time, investors may be better prepared.
Future Outlook
The rapid improvement in market sentiment is evident from the flow of funds. Despite the shadow of tariffs still looming over global trade, the crypto market has recovered the losses from the $19 billion liquidation in just a few days, with Bitcoin returning above $115,000 and Ethereum achieving a single-day rise of over 11%.
This rebound is not only a price correction but also a rebuilding of market confidence.
