Woke up to a bloodbath.

$BTC slipping under $77K wasn’t a surprise after the weekend chatter, but seeing over $1B in crypto liquidations hit in 24 hours definitely hit different.

The domino started falling last week, when Trump rolled out that 10% blanket tariff plus extra duties on 60+ countries.

China responded fast with 34% tariffs on US goods and just like that, we’re back in a full-blown trade war.

Asian markets cracked first. Japan’s stock market is down 8.5%, the worst since Oct ‘23.

Global stocks have now lost $20T+ in value since Feb 19. That’s not a typo. This isn’t just a crypto dip—it’s a macro-wide risk-off moment.

→https://t.co/QH7D7yoWfz

And crypto? Getting dragged along for the ride.

~ $468M in $BTC liquidations

~ $405M in $ETH

~ One whale got liquidated $16.3M on Bitfinex

~ Another whale got liquidated $7.08M on OKX

Moments like this remind me how interconnected crypto has become with the broader economy. When global uncertainty spikes, even the most bullish narratives get sidelined. Liquidations trigger FUD. FUD triggers more selling. And the spiral continues.

It’s not the time to panic—but it is the time to stay sharp. Volatility is at ATH.