Whales Dump Over $4 Billion in Bitcoin Amid Escalating EU-US Trade Tensions

Crypto Market Under Pressure Amid EU-US Trade Tensions

  • The crypto market faced selling pressure after escalated EU-US trade tensions.
  • Total liquidations reached $870 million, with $788 million in long positions.
  • Crypto Market Liquidation Heatmap | Source: CoinGlass
  • Bitcoin's price dropped 2.6% to $92,550 as it failed to break the $100K resistance.
  • Large-scale Bitcoin sales occurred: 22,918 BTC by insiders, 2,417 BTC by [Coinbase](https://holder.io/coins/), 3,339 BTC by Bybit, 2,301 BTC by [Binance](https://holder.io/coins/), and 4,191 BTC by Wintermute, totaling over $4 billion.
  • EU plans a $100 billion tariff response amid US President's Greenland acquisition attempts.
  • Gold hit a record $4,660 per ounce; silver rose above $94 per ounce as safe-haven assets gained appeal.

Overall, global markets are volatile due to geopolitical uncertainties, impacting risk assets like Bitcoin.