Global financial markets witnessed a significant downturn on April 7, with US equities plunging over 3%, resulting in a loss of more than $2 trillion in market value. The S&P 500 recorded a 2.79% drop, officially entering a bear market after a 20% decline from its recent peak. A brief rally of 6% occurred when rumors spread about US President Donald Trump considering a 90-day tariff pause, causing Bitcoin’s price to surge above $80,000. However, the White House later confirmed that the rumor was false. Despite the S&P 500 showing some positive movement, the recovery’s sustainability remains uncertain due to prevailing bearish sentiments. In Asia, stock markets plummeted, with Hong Kong’s index experiencing a 13% decline, marking its worst performance since the Asian financial crisis. Other major indexes in Shanghai, Taipei, and Tokyo also saw substantial drops ranging from 7% to 10%. Tensions escalated between the US and China as President Trump threatened an additional 50% tariff on Chinese exports unless certain conditions were met. Meanwhile, Bitcoin’s price hit new yearly lows at $74,457 on April 7, leading to speculations of further declines. Data revealed that BTC whales, holding over 10,000 BTC, intensified their accumulation while smaller holders continued to distribute. This accumulation trend by whales coincided with Bitcoin finding support at $74,000. Analysts also noted a positive supply dynamics metric indicating growing demand and accumulation in the market, historically correlating with Bitcoin price recoveries. The article emphasizes that all investment decisions involve risks, and readers should conduct their research before making any decisions.