Bitcoin demand has turned negative, with a net outflow of 13,707 BTC, following President Donald Trump's decision to impose a 100% tariff on Chinese exports. This move has heightened global market uncertainty, leading to a risk-off sentiment that saw the S&P 500 fall by over 2% and traders reducing leverage positions. Despite Bitcoin's price holding near $123,328, this marks the first negative demand shift since July, indicating a potential reversal in market momentum. The escalation in U.S.-China trade tensions has coincided with a decline in Bitcoin demand, which had previously aligned with price movements from July to early October. Analysts suggest that the current geopolitical climate is influencing investor behavior, contributing to the observed market dynamics.