Umair
In the past 24 hours, crypto markets witnessed $486.55 million in liquidations, involving over 157,000 traders. The largest single liquidation, valued at $11.97 million, occurred on Binance in the ETHUSDT pair.
Data shows that most Bitcoin liquidations came from short positions on most exchanges, reflecting traders’ expectations of downward price moves. Bitmex, on the other hand, saw almost exclusively longs liquidated, indicating that most of its users had anticipated a rebound rather than a continued slide.
During the past hour, $3.72 million in positions were liquidated, rising to $24.18 million over the four‐hour window. By 12 hours, liquidations stood at $339.92 million, eventually reaching $486.55 million for the whole day. This progression reveals that traders continue to be caught off guard by the price volatility.
The volatility in the crypto market, particularly Bitcoin and Ethereum, was caused by a broader sell‐off spurred by the Trump administration’s newly announced tariffs.
These tariffs target specific import categories to protect domestic producers, increase government revenue, and address perceived trade imbalances.
Implemented as a policy tool to gain negotiating leverage in international trade, the tariffs introduced uncertainty into the global financial landscape.
Equities markets dipped, and crypto followed suit as risk tolerance waned. Traders holding large or highly leveraged positions were susceptible to margin calls when prices fell, forcing many to exit abruptly.
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