Bitcoin Nears $115K After Weekend Liquidation But Tariff Risk Looms Large

Key Takeaways

• BTC staged a 3.17% intraday rebound to about $115,000, but faces stiff resistance at $116,000–$116,500; sustained spot demand is required to rebuild a sustainable uptrend.
• Weekend deleveraging purged speculative longs; short-term positioning remains fragile (Hyperliquid long/short bias remains deeply negative).
• ETH, BNB, SOL and XRP led the bounce (ETH +8.2% to $4,140; BNB +14% to $1,288). The breadth of recovery across the market helps, but ETF flows this week will determine durability.
• Macro risk: Spot gold hit a record $4,059.30/oz and President Trump reaffirmed tariffs for November 1 with geopolitics and trade policy remaining primary tail risks.