US–Europe Tariff Threat Triggers Large High-Leverage Bitcoin Liquidations
Trade tensions between the United States and Europe have once again become a major trigger for global market turmoil. This time, the impact is being felt strongly in the cryptocurrency market, particularly Bitcoin, which has experienced a wave of large liquidations due to high-leverage positions caught in sudden risk movements. In a short time, hundreds of millions of dollars in Bitcoin derivative positions were wiped out, underscoring how sensitive this asset is to macroeconomic shocks.
Various data sources report different liquidation figures, but all are on a significant scale. Several reports estimate Bitcoin liquidation to be in the range of $200 million to over $400 million, while the total liquidation of the cryptocurrency market as a whole is estimated to reach between $650 million and nearly $1 billion within a 24-hour period. The differences in these figures are largely due to variations in measurement timing and methodology across data platforms.