Crypto Market Volatility
Total liquidations reached $745 million, according to CoinGlass data, with long positions accounting for $580 million—about 78% of the total. Bitcoin liquidations hit roughly $207 million, while Ethereum saw over $273 million wiped out. BTC dipped as low as $86,100 before recovering slightly to around $87,800, and ETH traded near $2,895. The overall market cap briefly fell below $3 trillion, down nearly 3%.
President Trump threatened 100% tariffs on Canada if it pursues any trade deal with China, sparking fears of a U.S.-Canada trade war. Meanwhile, odds of a U.S. government shutdown surged above 75-80% due to partisan disputes over funding. These developments fueled risk-off sentiment, pressuring risk assets like crypto and triggering the wave of long liquidations.
Markets remain sensitive to macro and political headlines. Stay cautious and monitor updates closely.
Stay tuned for tomorrow’s pulse!
