PANews reported on March 26 that according to The Block, K33 analysts stated that although the cryptocurrency market has been in a calm upward trend in recent weeks due to the US government's moderate tariff stance and slightly dovish Federal Reserve position, there are eight days left until President Trump's "Liberation Day", and market volatility caused by tariffs may further intensify. However, BTC's most severe de-risking phase seems to have ended, with the market now resuming a wait-and-see attitude, though some traders maintain a slightly optimistic stance and remain relatively passive and defensive, not entirely bullish.

Analysts believe that if Trump's position softens, the market might rebound. If he continues to be ambiguous, volatility could simultaneously affect long and short positions; if he adopts a hard-line approach, there could be a significant decline - similar to previous tariff-related drops.