What a rollercoaster 24 hours in the crypto world.
Just when things were heating up and Bitcoin$BTC was cruising above $111,000, the market took a sharp turn. Thanks to former President Donald Trump’s fresh threats of tariffs on European imports and Apple products, investors hit the panic button — and over $500 million in bullish crypto positions were liquidated in a flash.
Bitcoin didn’t waste any time reacting. It dropped to around $108,600, wiping out intraday gains and shaking up the broader market. Altcoins weren’t spared either. ETH, SOL, DOGE, and XRP all faced heavy selling pressure, with futures losses ranging from $30 million to over $100 million.
Let’s break it down:
Bitcoin futures saw a massive $181 million in losses.
Ether futures dropped nearly $142 million.
Altcoins combined added up to $100 million in liquidations.
The biggest single liquidation? A jaw-dropping $9.53 million BTC-USDT swap on OKX, according to CoinGlass.
For those new to this: a liquidation happens when a trader’s leveraged position is forcefully closed by an exchange because they can’t meet the margin requirements. And when you see this many liquidations, it often signals a tipping point — either an overreaction in the market or a setup for a strong bounce back.
This all came at a time when Bitcoin was finally gaining momentum thanks to ETF inflows and renewed institutional interest. Many were expecting a calm weekend. Instead, we got a full-blown volatility storm.
Now, with trade war concerns creeping back into the global economic picture, it’s likely traders will play it safe heading into next week. But as we've seen time and time again in crypto — expect the unexpected.
Stay sharp out there.
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