Over $170M Liquidated in Just 1 Hour — Trump’s 50% UK Tariff Sparks Market Shock
Boom: In a dramatic market move, more than $170 million was liquidated in just one hour after former President Donald Trump announced a 50% tariff on UK imports, effective June 1st.
Markets didn’t take it lightly—Bitcoin ($BTC) and other risk assets dumped fast, triggering cascading liquidations across leveraged positions. This isn’t just noise—it’s a signal.
Why it matters:
A 50% UK tariff marks a serious escalation in global trade tensions.
Investors fear retaliation and worsening economic relations between allies.
Risk-off mode activated: Traders are pulling out of volatile assets and tightening up.
Crypto Reaction:
$BTC saw a sharp selloff, breaking key support.
Liquidations wiped out over $170M—mostly on long positions.
If this policy path continues, expect more volatility and bearish pressure on high-risk assets.
Our Move:
We’ve entered short positions targeting $BTC at $104K, anticipating continued market weakness as trade tensions rise.
Watch closely: If Trump ramps up trade war rhetoric again, expect another wave of selling.
Pro Tip: Be nimble. Set stops. Scale in with discipline.
What’s your view? Will this tariff turmoil send $BTC crashing further—or is the dip just fuel for the next rally?
Drop your analysis using #BTCcrashagain or #TrumpTariffs on Binance!
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