A message went viral in the community today—a certain crypto KOL revealed that Trump has made another tough statement: if a deal isn’t reached before November 1, he’ll slap a 155% tariff on Chinese goods.

As soon as the news broke, the crypto market was awash in red. Bitcoin and Ethereum plunged, and the whole market was deep in the red. I checked a few trading groups, and discussions were already boiling over: some joked, "This guy is the real market weather vane," while others started conspiracy theories, asking, "Did his family already have short positions lined up?"

Why can one person’s statement shake the entire crypto market? On the surface, it’s about an escalated trade war, but at its core, it’s what global markets fear most—uncertainty. If these two economic giants really go to 155% tariffs, traditional markets would crash first, with stocks and commodity futures inevitably following. Crypto is no longer an isolated ecosystem; with deep institutional involvement, any sign of trouble leads to a flight to safety. Highly volatile assets like Bitcoin naturally become the first to be sold off. This downturn isn’t unique to crypto—it’s a collective stampede out of global risk assets.

Now, let’s talk about why the “Trump effect” is so strong. He previously called himself the “crypto president” and accepted political donations in Bitcoin, so why the sudden flip? Actually, it’s not contradictory. He’s always been good at extreme pressure tactics and stirring up market turmoil, and many around him have deep ties to finance and crypto. When the news hits and the market gets chaotic, volatility creates opportunity. As for whether his family acted ahead of time—there’s no evidence, so it’s hard to say, but such “coincidences” are certainly thought-provoking.

So the question is: is now the time to buy the dip, or to run? My view is to stay steady for the short term, but don’t panic. First, the news hasn’t materialized yet—Trump is most likely using tough talk as a negotiation tactic, and the chances of actually imposing 155% tariffs are slim. Second, after previous macro-driven crashes, there was always a rebound—the “digital gold” narrative for Bitcoin still holds. Once panic sellers are shaken out, there could be a good opportunity to buy low.

But whatever you do, don’t go all in! If he releases more news, the market could test new lows. The best strategy is to build positions gradually and control your exposure. Bottom line, this is a reminder for us: trading crypto now isn’t just about watching the charts. You have to keep up with big variables like international politics and macroeconomics.