Massive liquidations and capitalisation wipeout
According to market data, more than $500 million in long positions were liquidated on trading platforms. The total capitalisation of the crypto market fell by more than $200 billion in a matter of hours.
Notably, this wave of selling was not accompanied by any major announcements.
No new trade measures were announced by Donald Trump.
Jerome Powell did not take a tougher stance on monetary policy.
The likelihood of a rate cut by the Federal Reserve did not decrease.
No significant sales of $BTC were reported by large companies, and the USDT stablecoin remained perfectly stable.
