According to online reports, cryptocurrency analysts pointed out that Bitcoin has turned bearish and its weekend gains have completely evaporated. Although Trump's statements about cryptocurrency reserves briefly halted the decline, potential macroeconomic issues remain. In the past few days, the price of Bitcoin has shown great volatility. In essence, Trump's statement may have been a superficial treatment of a very serious issue. Last week, the cryptocurrency fear and greed index fell to its lowest level since 2022. There are several reasons why Bitcoin is currently so bearish: First, the macroeconomic situation does not pose a bullish factor for cryptocurrencies. The Atlanta Fed's GDPNow model now predicts that by the end of the first quarter of 2025, U.S. GDP will contract by 2.8%. From an economic perspective, this forecast is catastrophic compared with the 3.9% growth forecast four weeks ago. Another important factor is Trump's proposed tariff policy. Although some analysts believe that tariffs are not the main reason. However, when Trump recently announced a 25% tariff increase on the European Union, the cryptocurrency market plunged. In other words, macroeconomic factors largely affect market sentiment in the cryptocurrency industry. Since the approval of the spot Bitcoin ETF, cryptocurrencies have been deeply integrated with traditional finance. So if the U.S. economy falls into recession, the drawbacks of this integration will be fully apparent.