#BitcoinReserveWave #MarketPullback #PCEInflationWatch Bitcoin and crypto traders lose over $2.25 billion in liquidations, here’s why
Bitcoin corrects to $91,231 early on Monday, dragging down altcoins within the market correction.
President Trump’s tariff announcements usher in a global market crash, influencing Bitcoin and crypto prices.
Derivatives markets note the biggest single-day liquidation, larger than the LUNA-UST collapse of May 2022.
Bitcoin (BTC) slipped to a $91,231 low on Monday, wiping out January’s gains as crypto traders digest US President Donald Trump’s tariff announcements over the weekend and the expectation of inflationary pressures.
Derivatives traders took a bigger liquidation hit than the day Terra’s LUNA-UST collapsed in May 2022 and wiped out over $1 billion in leverage from the market