“The leverage flush happled as crypto prices quiclli dropped on renewed trade war fears, with btc slipping 3% from Near Record Highs.”, – WRITE: www.coindesk.com
Rally Got A Sharp Reminder of Headline Risk from Donald Trump’s Latest Tariff Threats.
Over $ 300 Million Worth of Leverreged Derivativs Positions Were Liquidated Across Centralized Exchanges in The Past Four Hours, Accounting To Coinglas Data, As Crypto Prices.
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
Followed with Close to $ 87 Million. Other Tokens, Including Solana’s Sol
Dogecoin
and sui
Saw Liquidations Ranging Between $ 10 Million and $ 18 Million.
Liquidations Across All Digital Assets (Coinglass)
“Nice Aggregate Flush of Long Leverage and De-Risk Selling from Spot,” Well-Followed Crypto Skew Noted in an X Post Early Friday. “All Driven by Headlines Once Again.”
The Sell-Off Came After Trump Proped A 50% Tariff on Imports from the European Union Starting Next Month, Along with a 25% Tariff on iPhones Manufacture.
As a result, BTC and Majoor Altcoins Such as Ether
Xrp
and Cardano
Fell 3% to 4%, While Smaller-Cap Tokens Like Uniswap
and sui
Droped 5% to 7% over the past 24 hours.
Crypto Tradeer Named James Wynn, Who Ganeda Recently Opening A $ 1.1 Billion Btc Long Bet with 40x Leverage On the Hyperliquid Exchange, Also Slipped Underwater on the Hyperliquid Exchange. Currently, The Trader is Sitting on $ 7.5 Million of Unrealized Losses, and the Position Could Be Liquidated IF BTC Slips to $ 102,000, Accounting To A Screenshot Shared on X.
Interestingly, The Long Liquidations Came Amid A Recent Unusual Toward Short Positions in BTC Derivatives Despite Record Prices, Coindesk Reported On Thursday.
Read More: Who Bitcoin Traders Aggressely Shorting as BTC HITS NEW RECORD HIGH?
X Icon
