tldr; Nearly $1 billion in crypto was liquidated within 24 hours as Bitcoin dropped over 2.5% to $114K following new U.S. tariffs. Altcoins like Ethereum and XRP also fell, contributing to a $270 billion loss in total crypto market cap. Long positions were hit hardest, with $925.6 million wiped out. The market downturn was triggered by global economic fears, including a 35% U.S. tariff on Canadian imports, which also impacted traditional markets like Wall Street and Asian indices.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ETH over $3,500 and being described as a fearful pullback would have been unthinkable one month ago
Ok_Golf_6467 on
Market makers shaking out the leverage. It’s so obvious. Next it will pump and liquid 1 billion the other way. All the over extended folks will cry about losing money and only the 💎🤙 survive
defiCosmos on
What are the fears exactly?
SoggyGrayDuck on
Is this the pullback before the rip? Of course MSM is scaring everyone about the tariffs but that’s just because they have nothing else to talk about that’s negative and happening right now.
Django_McFly on
A billion of shorts liquidated with balls to the wall leverage as the price shot up. The lesson learned wasn’t to avoid balls to the wall leverage because it was crypto. No, the lesson learned was to go balls to the wall with longs because never again in their lifetime could the market move 10% over multiple days.
Mysterious_Dream5659 on
Bought the dip
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Just another tuesday really…
tldr; Nearly $1 billion in crypto was liquidated within 24 hours as Bitcoin dropped over 2.5% to $114K following new U.S. tariffs. Altcoins like Ethereum and XRP also fell, contributing to a $270 billion loss in total crypto market cap. Long positions were hit hardest, with $925.6 million wiped out. The market downturn was triggered by global economic fears, including a 35% U.S. tariff on Canadian imports, which also impacted traditional markets like Wall Street and Asian indices.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
[Aged like milk, lol](https://old.reddit.com/r/CryptoCurrency/comments/1mcktn8/over_75_billion_worth_of_bitcoin_shorts_will_be/)
Damn 2% btc dump and people back in fear
[deleted]
ETH over $3,500 and being described as a fearful pullback would have been unthinkable one month ago
Market makers shaking out the leverage. It’s so obvious. Next it will pump and liquid 1 billion the other way. All the over extended folks will cry about losing money and only the 💎🤙 survive
What are the fears exactly?
Is this the pullback before the rip? Of course MSM is scaring everyone about the tariffs but that’s just because they have nothing else to talk about that’s negative and happening right now.
A billion of shorts liquidated with balls to the wall leverage as the price shot up. The lesson learned wasn’t to avoid balls to the wall leverage because it was crypto. No, the lesson learned was to go balls to the wall with longs because never again in their lifetime could the market move 10% over multiple days.
Bought the dip