The crypto market just took a heavy blow.
More than $300 million in leveraged #TradeSignal were wiped out in under four hours following fresh tariff threats from Donald #TRUMP —shaking confidence and igniting a sharp correction across Bitcoin and altcoins.
CoinGlass data reveals that nearly all the liquidations came from overleveraged long positions—those betting prices would keep climbing.
$107M was lost in #bitcoin longs
$87M in Ethereum
Other tokens like #solana (SOL), Dogecoin (DOGE), and SUI shed between $10M and $18M each.
Crypto analyst Skew described the move as a “strong washout” of long leverage, triggered by headline-driven fear.
What caused it?
Trump proposed aggressive new tariffs:
50% on EU imports
25% on iPhones made outside the U.S.
Markets didn’t take it lightly.
BTC, ETH, XRP, and ADA dropped 3–4%
UNI and SUI took bigger hits, plunging 5–7%
One notable hit: a trader named James Wynn, who went $1.1B long on BTC with 40x leverage on Hyperliquid, now facing a $7.5M unrealized loss and nearing liquidation if BTC falls to $102K.
Despite BTC hovering near record highs, data from CoinDesk suggests smart money was already shifting short—hinting this shakeout may have been anticipated.
$BTC: $108,927.78 (-2.38%)
$ETH: $2,562.07 (-3.66%)
Lesson? In crypto, one geopolitical headline can erase millions in minutes.
#TrumpTariffs #CryptoDump #BTCVolatility #LeverageWipeout #CryptoNews
