# JARXE Exchange｜Trade Worries Weigh on Asian Markets, Bitcoin Faces Short-Term Pressure

After reaching a one-week high overnight, Bitcoin retreated, peaking at $107,454 before falling 0.5% to $105,011. The market sentiment improved briefly as the risk of a US government shutdown eased, but risk appetite in Asian markets plunged due to renewed trade tensions. JARXE Exchange analysis believes this round of volatility reflects the intertwined impact of macro risks and liquidity expectations, with external economic variables reshaping price elasticity in the digital asset market.


## Macro Optimism Coexists with Short-Term Pressure

In the US, investors expect the government shutdown may end, which has temporarily boosted risk appetite. The US dollar index edged lower, Treasury yields stabilized, and some funds briefly flowed back into the crypto market. The upward momentum of Bitcoin was mainly driven by short-term risk asset sentiment recovery, rather than new capital inflows. Lacking sustained buying support, the price surged rapidly and then pulled back, indicating the market remains in a cautious, exploratory phase.

## Trade Worries Return, Asian Markets Under Pressure

Meanwhile, renewed trade tensions in Asia have disrupted overall market confidence. Risk assets generally fell, and regional capital flows shifted to defensive positions. As a high-risk asset, Bitcoin was affected in the short term. The risk aversion of Asian investors intensified market volatility, while institutional funds have not fully stepped in to absorb selling pressure. This geopolitical economic uncertainty has increased short-term market swings, but mid- to long-term trends are still driven by liquidity and institutional positioning.

## Structural Funds Continue Positioning

Despite the short-term pullback, on-chain data shows long-term holders are still accumulating. Stablecoin net inflows remain high, indicating that market funds have not significantly exited but are waiting for new entry signals. This “wait-and-see” phase is often a process where price regains momentum. Some institutions are focusing on the Ethereum ecosystem and RWA (Real World Assets) to diversify the spillover effects of macro risks.

Short-term volatility reflects the quick market response to macro signals, rather than a trend reversal. Currently, the Bitcoin support area remains between $100,000 and $102,000. If global liquidity expectations stabilize, the price could return to a strong range. JARXE Exchange points out that investors should focus on structural opportunities at this stage, especially asset sectors with long-term value support. As global economic uncertainty eases, the digital asset market may rebuild upward momentum within a healthier risk structure.