Trump's 25% Iran tariff heightens macro risk as Bitcoin holds near $92k support at $80k

President Donald Trump announced an immediate 25% tariff on countries doing business with Iran, while Bitcoin stayed range-bound around $90k and closed at $92k with a 1.2% gain. Long-term holder behavior, ETF holders' $80k cost basis, and memories of October's 100% tariff shock and 30% drawdown suggest another distribution phase and downside risk cannot be ruled out.