There are huge liquidations below $74,000 ๐, and on the upper side, there are huge liquidations above $95,000 - $95,700 ๐. Short positions were liquidated, and the market will try to liquidate them. But notice one pointโit is 20 - 21K far . At this time, BTC is around $84K ๐ฐ.
Trump has imposed tariffs not only on Mexico ๐ฒ๐ฝ and Canada ๐จ๐ฆ but also on China ๐จ๐ณ. There is a high chance that China will practically implement tariffs on goods exported to the U.S. ๐บ๐ธ, creating financial tension โ ๏ธ. In this situation, huge volatility can occur because there are higher chances for the market to dip, liquidate the $74K positions, and then go up ๐.
Thatโs why the market, in a nutshell.
๐ Reminder: I am not a financial advisor; do your own research ๐โ .
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