Crypto bulls lost $500 million as Bitcoin hovers around the $108k mark after tariff threats from Trump.
U.S. President Donald Trump threatened to impose a 50% tariff on all imports from the European Union and a 25% tariff on imported iPhones from Apple at the end of Friday, causing market declines.
🔻Bullish crypto positions lost over $500 million as markets reacted to President Trump's tariff threats.
🔻The price of BTC fell sharply, leading to significant losses across the entire crypto market, including ETH, SOL, XRP, and DOGE.
🔻The largest single liquidation was a BTC-USDT swap worth $9.53 million on OKX, highlighting market volatility and potential turning points.