Crypto Markets Face $800M Liquidations Amid US-EU Trade Tensions

The crypto market experienced a sharp selloff due to renewed trade conflict fears between the US and the EU, affecting global risk sentiment. Bitcoin and major altcoins reversed recent gains as traders reacted to new tariff headlines.

Over $800 million in leveraged positions were liquidated overnight, with $768 million in long liquidations.
Hyperliquid saw the largest forced liquidations at $241 million, followed by Bybit at $220 million.
The selloff coincided with CME trading opening, indicating institutional influence in the market's volatility.
Potential further selloffs could occur when US markets open, especially if macroeconomic instability continues.

Bitcoin Rebound and Market Outlook

Bitcoin is trading near $93,100 after failing to break through the $96,000–$97,000 resistance zone.

The chart indicates Bitcoin struggles below key moving averages; the latest move appears as a rebound, not a trend reversal.
Price is forming higher lows but remains vulnerable under current resistance levels.
The low-$90,000s act as potential support, crucial for maintaining recovery momentum.

The broader crypto market remains sensitive to Bitcoin's movements. Sustained rallies in altcoins require Bitcoin to break above resistance. Until then, the market is in a fragile stabilization phase without confirmed bullish trends.