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![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 946.1K followers
Created: 2025-07-10 22:08:58 UTC

Heading into April 2025, Bitcoin was moving in a straight-line lower on trade war fears.

On April 9th, tariffs were delayed for XX days and Bitcoin bottomed.

On April 20th, the real rally began, without any major news, days after the delay.

So, what really happened here?

![](https://pbs.twimg.com/media/GvhvLdoWYAArZkG.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943432285686022500/c:line.svg)

**Related Topics**
[happened](/topic/happened)
[tariffs](/topic/tariffs)
[trade war](/topic/trade-war)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/KobeissiLetter/status/1943432285686022500)