$20B Futures Wiped Out in Historic Crypto Crash‼️♨️
Crypto markets witnessed one of the largest liquidation events in history — over $19–20 billion wiped out in a single day as 1.6 million positions were liquidated. The total market cap plunged 9.4% to $3.75T, with Bitcoin, ETH, BNB, and SOL all suffering heavy losses.
What Triggered the Chaos:
• Trump’s 100% tariffs on Chinese imports sparked panic selling
• Margin system vulnerabilities caused cascading liquidations
• Exchange performance issues — frozen accounts & failed orders — worsened the crash
Market Outlook:
Bitcoin is currently finding support near $58K, with $65K as a key resistance zone to watch. Short-term buying opportunities could arise if volume stabilizes. Binance’s $283M compensation plan may help restore trader confidence, but all eyes remain on U.S.–China tensions and on-chain liquidation data.
