Tesla (TSLA) stock is down during Friday’s trading session after the EV maker pulled the option to purchase select Tesla vehicles in China. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV. The EV maker updated its model lineup both in China and the US on Friday due to tariffs and demand issues.

This week, China raised its tariffs on US imports to 125% from 84%. The hike comes as the two appear in a tariff standoff, with the latter also raising its tariffs against China but pausing tariffs against other countries. Tesla fell 3% on Saturday after rebounding slightly on Wednesday and Thursday. Chinese customers can still purchase the vehicles from the country’s existing inventory, however, Tesla has only sold around 2,000 Model S and Model X EVs in China.

Tesla is up around 5% in the past week following Wednesday’s climb amid market volatility. The majority of the US stock market, especially top options like TSLA and NVDA, were hit hard from Donald Trump’s tariff policy that went into effect last week.

Also Read: Trump’s Economic Fix? Why His Tariff Pause Won’t Solve the Crisis

Furthermore, Musk’s political activities are seen as damaging the overall Tesla brand. Tesla’s recent performance has definitely alarmed quite a few investors and analysts alike. The company just delivered about 336,681 cars in Q1 2025, which shows a pretty concerning 13% year-over-year decline. This figure also missed analyst expectations of around 370,000 vehicles by a really significant margin. A JPMorgan analyst reiterated an Underweight rating on Tesla and expressed concerns over “unprecedented brand damage” from Musk’s recent activities.

Year-to-date, TSLA is down over 30%, with few signs of rebounding. However, a sign has recently emerged in Tesla stock’s price chart, giving one analyst hope that a surge is coming. Additionally, after falling below the 200-day moving average in early March, the stock has carved two troughs on the chart, potentially forming a double bottom pattern. The double bottom is a notorious sign among analysts of a bullish climb. An acceleration of Wednesday’s buying momentum could see the shares test overhead resistance around $289. Surpassing that resistance could swing TSLA shares even higher, inching towards the $360 and even $400 zone. Investors will hope that despite the Chinese sale’s pause, Tesla (TSLA) stock will pick back up.

Bitcoin (BTC) has shown signs of a long-term upward momentum in the past 48 hours. The crypto markets surged following similar macro sentiments after President Trump announced a 90-day pause on tariffs. This led to a jump in whale holdings and other positive movements keen to boost bull sentiments.

The Largest Single-Day Inflow in Two Years

According to CryptoQuant data, Bitcoin accumulation addresses recorded the largest daily inflow since February 2022. After the pause on sweeping tariffs, whales purchased 48,575 BTC igniting fresh optimism. On Feb 1 2022, accumulation addresses picked up 95,000 BTC when the price hit $38,400.

Both transactions were worth around $3.6 billion, a striking coincidence made with soaring institutional demand. Whale inflows help shape the wider market’s direction leading to an influx of retail participants. After the large inflow, several small purchases were also recorded in these wallets.

President Trump’s increased tariffs on China created a good opportunity for whales to buy this dip. This year, the ongoing US-China trade war has impacted global trades with much impact on crypto assets. Bitcoin price dropped 23% from an all-time high above $109k to $82k following increased sell pressures.

The recent turnaround has led to over-the-top accumulations and signs of longer-term holdings. Within 48 hours, several traders have moved assets off exchanges to other custodians signaling improved sentiments. Institutional investment in Bitcoin products also jumped, taking the price up 7%. 

Whale purchases were dominant in altcoins on the back of Bitcoin’s rally. XRP, Solana, and Ether traders bought a large amount of assets erasing losses seen earlier this week. At the time of writing, total assets gained 6% from its low point with a $2.6 trillion market cap.

BTC Metrics Points Upwards

Several on-chain metrics have signaled a continuing price uptick this month. Bitcoin’s long-term holders realized cap spiked this week showing the level of bull sentiment in the market. This metric soared above $18 billion, the first time since September 2024. 

“A rising LTH Realized Cap suggests LTHs are buying and holding — accumulation phase.

A declining LTH Realized Cap may indicate long-term distribution (LTHs taking profits)… the first time we’ve seen that level since September 2024 (highlighted by green arrows). Given how rare this LTH realized cap change magnitude is, it could mark a major inflection point,” CryptoQuant researchers wrote.