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Bitcoin fell below $104,000, leading to a "liquidation wave" across the entire crypto market, with a total liquidation amount exceeding $600 million, the largest since February. #BTC
This drop is related to Trump's announcement of increased tariffs on Chinese steel and aluminum, causing market panic, affecting global financial markets, and leading to declines in the crypto market as well. #加密市场回调
In the past 24 hours:
• Most of the liquidations were from long (bullish) positions, meaning many people were originally bullish, but the price suddenly dropped, resulting in forced liquidations due to losses.
• The largest single liquidation occurred on OKX, with a loss of $12.25 million in one trade.
• Bitcoin had the most liquidations ($153 million), followed by Ethereum ($122 million), with Solana, XRP, and Dogecoin also facing significant liquidations. $BTC
Bitcoin fell below $104,000, leading to a "liquidation wave" across the entire crypto market, with a total liquidation amount exceeding $600 million, the largest since February. #BTC
This drop is related to Trump's announcement of increased tariffs on Chinese steel and aluminum, causing market panic, affecting global financial markets, and leading to declines in the crypto market as well. #加密市场回调
In the past 24 hours:
• Most of the liquidations were from long (bullish) positions, meaning many people were originally bullish, but the price suddenly dropped, resulting in forced liquidations due to losses.
• The largest single liquidation occurred on OKX, with a loss of $12.25 million in one trade.
• Bitcoin had the most liquidations ($153 million), followed by Ethereum ($122 million), with Solana, XRP, and Dogecoin also facing significant liquidations. $BTC
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