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The analyst from Malayan Bank stated that the market's immediate reaction seemed negative after Trump's tariff announcement. The market might be wary of Trump gradually introducing tariffs, but the implementation may differ from the proposal. Under the influence of anxiety, the US dollar and its exchange rate with Asian currencies may receive short-term support. However, if this is all that Trump currently wants to say or if he encounters any obstacles, a stronger US dollar could ease off. Bessent, Trump's nominee for Treasury Secretary, is relatively steady while December could be a seasonally weak month for the US dollar.

According to Glassnode, as the price of Bitcoin rises, all 14 million BTC held by long-term holders have entered a profitable state, which has stimulated an acceleration in selling activity. This has resulted in a significant decrease of over 200,000 BTC since breaking through historical highs. Long-term holders began to take profits when prices were strong and demand was sufficient to absorb them. ETFs played a key role in this process, absorbing more than 90% of the sell pressure from long-term holders. However, as unrealized profits reach more extreme levels, it is expected that more long-term holders will accelerate their sales; short term sales have already exceeded ETF inflows. Nevertheless, because there are still many Bitcoins held by long-term holders, many may be waiting for higher prices before releasing more Bitcoins back into circulation.