Bitcoin faces fresh selling pressure, slipping below the $92,000 mark following the announcement of 10% tariffs on eight European Union nations as of early February. The policy move triggered a classic risk-off cascade: investors fleeing both crypto and equities simultaneously, seeking shelter in traditional safe havens. Gold surged to a fresh all-time high of $4,670 per ounce, underscoring the flight-to-safety mentality sweeping markets. Within a single 24-hour window, derivatives platforms recorded $780 million in liquidations—a sharp reminder of leverage accumulation in the system. Macro headwinds meeting geopolitical uncertainty create a perfect storm for risk assets. The question now dividing traders: does this represent capitulation worthy of accumulation, or merely the opening act of a deeper correction? Historical precedent suggests trade tensions rarely resolve quickly, and with tariff escalation rhetoric intensifying, volatility could persist before any sustained recovery takes hold.