💥MUST READ💥 $500M Wipeout: Bitcoin Dips to $108K After
#TrumpTariffs Bombshell
The crypto market faced a brutal shake-up as bullish traders lost over $500 million in just 24 hours, following fresh tariff threats from U.S. President Donald Trump. The announcement disrupted what many expected to be a calm trading weekend.
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📉 What Sparked the Crash?
On Friday, Trump proposed
A 50% tariff on all EU imports
A 25% tariff on imported Apple iPhones
This triggered panic across global markets. Bitcoin (BTC), which was comfortably trading above $111,000, quickly plunged to around $108,600, erasing gains and dragging the broader crypto market down with it.
💸 Liquidation Tsunami Across Crypto
The sell-off sparked a cascade of forced liquidations:
Bitcoin futures: ~$181M lost
Ether futures: ~$142M
Altcoins (SOL, DOGE, XRP): ~$100M combined
Largest single liquidation: $9.53M BTC-USDT swap on OKX
A liquidation happens when leveraged positions are forcibly closed due to insufficient margin — a common result during sharp price drops.
⚠️ What It Means for Traders
Large-scale liquidations can indicate market extremes, often a sign of panic selling. Sometimes, these events are followed by price reversals as the market stabilizes. However, with rising global trade tensions, caution is advised.
This pullback came just as Bitcoin was gaining momentum from ETF inflows and growing institutional interest — a stark reminder that macroeconomic shocks can quickly derail sentiment.
🔍 Bottom Line: Crypto markets were jolted by geopolitics. With volatility back and $500M in bullish bets wiped out, traders will likely stay on edge heading into next week.