Trump’s new tariff caused $ 2 billion in liquidation.

Bitcoin fell during the Asian trading time and was at least $ 92,000 for a month due to Donald Trump’s aggressive trade tariff.

This rapid drop caused one of the largest liquidation events last year.

Red Market

According to cryptoslate ‘s According to the data, the stagnation of the BTC began to slide from $ 105,000 to $ 102,000 in several hours in January 31.

As the weekend decreased, the BTC pushed the BTC to less than $ 100,000 and raised the wider market.

Market data shows that most Altcoins faced similar struggles. Ether Lee has fallen by almost 20%and received more than $ 2,500.

Solana, on the other hand, fell 10%and landed at $ 195. XRP has lost about 20% of other major assets, including Dogecoin and Cardano, but fell 17%, while down 17%.

This price achievement effectively erased the assets of the victory rally after the Trump election in December 2024.

Arthur Hayes, co -founder of Bitmex, warned that more losses could lead to. Hayes suggested that relief can only come when major financial institutions face crisis.

He wrote:

“The beating will continue until morality is improved. The pain stops when Tradfi costumes are just before bankruptcy. Then the Fed reluctantly joins Tim Trump and prints the money. ”

Trump tariff

Analysts of trade firm QCP, headquartered in Singapore, pointed out that new tariffs on major trading partners, including President Donald Trump’s Mexico, Canada and China, have caused a wide range of markets.

In addition, the company pointed out that “stocks sank, gold, oil, and encryption sold violently throughout the region.” addition :

“This reverse correlation strengthens the view that today’s dangerous movement is led by the re -adjustment of cross -set portfolio rather than a single qualification event.”

On February 1, the US president performed 25 percent of his duties for imports in Canada and Mexico with 10%tariffs on Chinese products. His administration argued that tariffs aim to deal with illegal immigration and drug trafficking.

The tariff caused immediate retaliation, with Canada, Mexico and China’s threats to countermeasures.

It is rich in liquidation

The rapid stagnation of the crypto market led to a wide range of liquidation, deleting more than $ 2 billion and affecting more than 742,000 traders depending on the CoingLass data.

Traders with long positions expected to rise in prices suffered the biggest losses, causing $ 1.88 billion. Those who have a short position that expects to fall further faced a loss of about $ 339 million.

Ether Leeum merchants had the most difficulties with the total liquidation of $ 660 million, of which $ 447 million came from a long position. Bitcoin has been closely related to $ 410 million in long bets, including $ 340 million.

Merchants who bet on other assets also lost $ 433 million during the report.

Meanwhile, the largest single liquidation occurred in Binance, and $ 25 million Etherrium transactions completely disappeared.

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