A Red Sea Crypto Szn?
The TL is filled with “market is down,” "we're so cooked", but no one’s telling you “why?”.
Agreed, we're so cooked rn fellas, but this wasn't a random crash.
It was triggered by something way bigger than charts or technicals.
—> 'Trump's new tariff plan' <—
We saw a 10% universal import tax, along with a massive 20% on EU, 26% on Japan, and 34% on China.
Post implementation of these policies on April 5th, it has shaken up the entire market, crypto and stocks inclusive. Even with this, there's more scheduled 2 days from now (April 9th).
Atm, the fear of a trade war is real, and investors are dumping risk assets—including crypto.
As a result, $BTC has dropped below $76,000 with nearly a 7% daily loss. $ETH is down over 16%, $SOL is down 15%, and $BNB is in decline too.
Nearly $1.5B in liquidations — longs and shorts — have been wiped out, intensifying the sell-off.
Fyi, it’s not just crypto. The April 4 stock market crash erased $3.25 trillion from global equities, fueling the panic even more.
Confidence is shaken across the board, and capital is fleeing high-risk plays.
How long this szn gonna last? You gotta ask Mr Trump imo! ^^
Stay sharp plxxx. :)
