Trump's tariff threat triggers turmoil in the crypto market, over $500 million in long liquidations in 24 hours

According to HashChain News and CoinDesk reports, the announcement by former U.S. President Trump to impose a 50% tariff on EU imports and a 25% tariff on Apple iPhones has caused severe fluctuations in the crypto market. The price of Bitcoin rapidly fell from above $111,000, leading to turmoil in the crypto market. Coinglass data shows that the total liquidation of cryptocurrency longs in the past 24 hours has exceeded $500 million, with Bitcoin futures liquidations around $182 million and Ethereum futures liquidations nearing $142 million. Analysts believe that this pullback occurred amid rising momentum for Bitcoin due to ETF inflows and increased institutional interest, highlighting the significant impact of macro policy changes on the crypto market.