$BTC Traders cashed out, triggering a wave of liquidations.

2. Inflation Concerns

With CPI data incoming, fears of sticky inflation are rising. The result? Worries the Fed will delay rate cuts.

3. Tariff Shockwaves

Trump's renewed China tariff rhetoric + geopolitical tensions = fears of Trade War 2.0.

4. Leverage Liquidations

Over $500B wiped as overleveraged longs were flushed out. Margin calls only made it worse.

5. Regulatory Uncertainty

The U.S. Senate blocking stablecoin legislation spooked investors — reigniting fears of a broader crackdown.

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