A recent report reveals a dramatic shift in US market sentiment toward Bitcoin, as consumer confidence plummets alongside fears of inflation and tariffs. 5,000 BTC exchanged hands multiple times in a single day following the U.S. consumer confidence report’s release, indicating a surge in selling pressure. Bitcoin’s price fell to its three-month low of $85,000, reflecting investor anxiety fueled by concerns about rising costs and new trade restrictions. 📈 The Coinbase index further confirms this bearish trend as it reflects significant institutional selling with a negative premium for Bitcoin, exceeding a recent five-day average. This indicates that investors are increasingly hesitant to buy Bitcoin and are instead opting for safer haven assets during uncertain market conditions. 👀 Although the report suggests an increased influx of capital into exchanges following the report’s release, further price drops remain possible if macroeconomic conditions worsen. 📉 However, a potential turnaround is possible should external factors stabilize.