Crypto Traders Suffer $500 Million Losses Amid Bitcoin Price Drop
Over $500 million in bullish crypto bets were lost in the past 24 hours as traders took profits amid market declines following President Trump’s tariff threats on European imports and Apple products.
Key points include:
- Bitcoin (BTC) dropped from over $111,000 to around $108,600, affecting overall market sentiment.
- Liquidations across the crypto complex included significant losses in:
- Ether (ETH): nearly $142 million
- Altcoins including Solana (SOL), XRP, and Dogecoin (DOGE): over $100 million
- Bitcoin futures saw approximately $181 million in losses.
- The largest single liquidation was a $9.53 million swap on OKX.
This pullback occurred despite recent positive momentum from ETF inflows and institutional interest, indicating potential volatility ahead as trade war fears resurface.