Trump's words sparked a storm, with $20 billion evaporating from the crypto market

A single tariff declaration has shaken the global financial landscape.

Trump suddenly released the heavy news of "imposing a 100% tariff on Chinese goods," causing risk assets to plunge into panic, with the cryptocurrency market being the most painful "victim" in this turmoil.

In a short time, the online cryptocurrency liquidation soared to $20 billion—this is not just a simple increase or decrease in numbers, but the "total loss" of $20 billion in leveraged long positions forced to close due to insufficient margin. After the first round of liquidations, prices plummeted like a domino effect, further triggering a chain liquidation, initiating an irreversible "death spiral." Major cryptocurrencies like Bitcoin and Ethereum saw declines approaching double digits, while numerous smaller coins suffered a "halving," with daily market value nearly cut in half.

This crash has completely shattered the illusion that "Bitcoin is digital gold." When real macro risks arrive, it not only fails to serve as a safe haven but also drops more fiercely than stocks. Its attributes are now clear: it is a high-risk asset deeply tied to tech stocks, and any slight change in the macro environment will rapidly trigger a "plunge mode."

What is even more alarming is that this crash has nothing to do with the fundamental aspects of the crypto market itself and is entirely triggered by external policy news. This means that the current coin prices have long been detached from the industry itself and are completely swayed by the emotions of traditional financial markets. Trump's single statement caused the entire crypto industry to evaporate $20 billion, and this kind of vulnerability, where "pulling one hair can move the whole body," is enough to leave every participant feeling fearful.

For investors, this "bloodbath" is the most profound lesson: a bull market is not a "protective talisman" for leveraging, and blindly chasing higher prices is equivalent to "risking a naked run." In the face of the giant waves of the macro environment, any short-term gains can vanish overnight; respecting risk is the fundamental principle of survival. $BTC #美国加征关税 $ETH #隐私叙事回归 $SOL #ETH重返3800