# **Crypto Market Liquidation Reaches US$535 Million Due to Bitcoin Price Drop**
The crypto market recorded a liquidation of US$535 million or around Rp8.7 trillion in the last 24 hours. This happened when Bitcoin (BTC) fell 2.16% to reach a price of US$100,000.
In detail, this liquidation was experienced by 246,835 traders. For those holding long positions, the total liquidation was US$476.78 million. Meanwhile, those in short positions only experienced liquidation of US$58.24 million.
Meanwhile, crypto 'others' aka others became the most liquidated assets with a value of US$110 million. Followed by the Ethereum crypto asset which experienced liquidation of US$98.40 million, and Bitcoin (BTC) US$91.54 million.
On the other hand, the exchange that contributed the most to liquidation was Binance with US$45.61 million. Next, Bybit with a value of US$24.45 million, then OKX with a value of US$20.86 million.
This coincided with the official announcement of US President Donald Trump imposing significant new taxes (tariffs) on Mexico, Canada, and China.
-# Image Source: Coinglass
