THE CRYPTO MARKET IS BLEEDING 🩸
💥 $2.18B LIQUIDATED in 24 Hours‼️
This is even bigger than the #COVID crash and surpasses the liquidation levels seen during the $FTX collapse. If you’re new to the market, this is what's called a Market Shakeout—a massive sell-off triggering stop-losses and liquidations across the board.
🔻 The impact is clear: $BTC has plunged 6.19%, trading below $94K, while $ETH has suffered a massive 19.29% drop to $2,517. Altcoins are seeing even worse losses, with $XRP (-20.97%), $BNB (-14.58%), and $SOL (-8.21%) all deep in the red.
📉 Why is this happening?
➡️ Trump announces new tariffs on China, Mexico, and Canada.
➡️ Canada retaliates with a 25% tariff on U.S. goods.
➡️ China warns of countermeasures against U.S. tariffs.
➡️ U.S. stock markets tumble—S&P 500 Futures down 1.6%, Nasdaq Futures down 2.4%.
➡️ Trump threatens more tariffs on the EU & BRICS if they launch a new currency.
🌍 This is a full-scale trade war, and it’s rattling the entire financial system.
Now the big question: Are more dumps coming? $BTC dominance remains high at 60.89%, indicating that altcoins may still have more downside. If $BTC fails to hold key support, the next leg lower could trigger another wave of liquidations.
🚨 Stay informed & manage risk accordingly! 🔍 👀