Crypto traders are on edge, waiting for a potential jolt in the markets—and it could hit as soon as this Friday.

A well-known crypto analyst, Wimar, says a big selloff might be on the horizon, all hinging on a Supreme Court decision about Trump-era tariffs. The ruling could drop as early as January 9. If it goes against the tariffs, this won’t just be about politics—it’s about the numbers. Investors would immediately start wondering how much money the government has to pay back and how fast that happens. That kind of uncertainty never calms markets.

You can already see the nerves showing up in prediction markets. Over at Polymarket, there’s a strong bet—about a 79% chance—that the court will strike down the tariffs. That’s making traders anxious, especially in crypto, where prices react almost instantly to big macro news.

The numbers are huge. Trump has claimed the tariffs brought in nearly $600 billion. If the court pulls the rug out from under that, you’d get a rush to price in refunds, lost government income, and a spike in fiscal stress. When that happens, markets usually move together—risk assets sell off in sync.

Honestly, crypto traders have been here before. When a 10% baseline tariff hit imports from more than 50 countries in early 2025, $BTC tanked more than 10% in a week. It only bounced back when the government paused the new tariffs for 90 days, and that helped both crypto and stocks recover.

Later that year, another shock came out of nowhere. The U.S. and China started butting heads again, with threats of a 100% tariff on Chinese goods. $BTC plunged by over $10,000 in less than an hour. That day, nearly $19 billion in long positions got wiped out.

So, the lesson isn’t to panic, but to pay attention. Court rulings like this can flip market expectations in a flash, and crypto usually feels it first. Heading into Friday, traders are glued to the news—not just waiting for the decision, but watching how quickly liquidity shifts once the headlines hit.