You can hedge and trade through volatility on Phemex futures with BTC/USDT perpetual contracts and up to 100x leverage.

Two of the biggest news stories on the planet collided with crypto in the final week of February 2026. On Friday February 20, the Supreme Court struck down Trump’s IEEPA tariffs. Within hours, Trump reimposed a 10% global tariff under Section 122 of the Trade Act of 1974, then raised it to 15% the next day. On Saturday February 28, US and Israeli forces launched coordinated strikes on Iran. Bitcoin dropped from $65,500 to $63,000 in under an hour. Over $515 million in leveraged positions were liquidated within 24 hours. The total crypto market cap shed $128 billion.

These are not isolated events. They are connected…