Crypto traders betting on a steady bitcoin $BTC rally got a sharp reminder of headline risk from Donald Trump's latest tariff threats.
Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours.
Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum's ether ETH followed with close to $87 million. Other tokens, including Solana's $SOL , dogecoin $DOGE , and SUI saw liquidations ranging between $10 million and $18 million.
