In the last 24 hours, over $672 million in trades have been liquidated due to a sharp decline in Bitcoin prices.
Current Liquidation Outlook
More than 195,184 traders were liquidated, amounting to around $672.38 million within the past 24 hours. The largest single liquidation occurred on the BitMEX exchange at $10 million, sparked by renewed Trump tariff concerns.
Bitcoin and Ethereum Price Trend
The market also saw weak whale activity, indicating expectations of further downside. Ethereum fell by 15.15% to $2,124.95, challenging analyst forecasts.
Trump Tariff and Crypto Volatility Trigger
Trump’s administration has introduced significant changes to the US crypto industry. The recent inclusion of several crypto assets, including Ethereum, in the US strategic reserve incited market volatility.
With the sharp fall in major cryptocurrency prices and high volatility linked to political decisions, the market's future remains uncertain. Investors continue to assess the situation to minimize losses.
