Tariff Announcement Triggers $2.23 Billion in Crypto Liquidations

The crypto market faced a significant downturn, with liquidations exceeding $2.23 billion in the past 24 hours. This followed US President Donald Trump's announcement of new tariffs on imports, causing a sell-off in risk assets.

730,836 traders were liquidated
Long positions accounted for approximately $1.88 billion
Short positions stood at $358 million
The largest liquidation order was an ETH/BTC trade worth $25.64 million on Binance

Market volatility is heightened due to geopolitical concerns.

Bitcoin Market Analysis

Bitcoin's price dropped by 6.5%, reaching a low of $92,500 before recovering to $94,120, with a market cap of $1.86 trillion.

Relative Strength Index (RSI) at 21.21 indicates extreme selling pressure
Moving Average Convergence Divergence (MACD) shows strong downside momentum
Immediate support at $92,500; failure may lead to testing $90,000
22% probability of Bitcoin falling to $75,000 by March end
Resistance levels at $96,000 and near $98,500 for recovery

Source: TradingView

Broader Market Impact

Ether dropped 20% to $2,520, losing its critical $2,750 support. The total cryptocurrency market capitalization decreased by 10% to $3.07 trillion.

Crypto Fear and Greed Index fell to 44, indicating fear
Shift from weekend's greed levels observed