In the last 24 hours, there has been a massive wave of liquidations of futures contracts in the cryptocurrency market, with a total volume reaching $871 million. Most of the liquidations were on long positions, indicating an unexpected shift in market expectations among traders.
This is reported by Business • Media
Market Reaction to U.S. Tariff Policy
Experts believe that the significant sell-off was triggered by U.S. President Donald Trump’s announcement of potential new tariffs on goods imported from the European Union. The market reacted with increased volatility, which led to a wave of forced liquidations.
“In the last 24 hours, the volume of liquidations for futures contracts on crypto assets amounted to $871 million, according to CoinGlass. The wave of forced position closures was provoked by volatility, which experts attribute to the tariff policy of U.S. President Donald Trump’s administration.”
The largest liquidation volume was recorded on the Hyperliquid exchange in the BTC/USDT pair — $25.8 million. This platform became the worst performer in terms of losses, with Bybit coming in second. Overall, nearly 249,000 traders were forced to close their positions in a single day, with Bitcoin and Ethereum suffering the largest losses.
Market Dynamics and Investor Sentiment
Most major crypto assets showed declines on the daily chart, according to data from CryptoRank. In particular, the price of Bitcoin fell below $93,000, while Ethereum dropped to $3,200. Additionally, the Fear and Greed Index, which recently reached a peak since early October 2025, decreased by 11 points over the week and by 5 points in just the last day.
Analysts note that the current instability in the cryptocurrency market is explained by concerns about new trade barriers between the U.S. and the EU. Donald Trump recently threatened to impose additional tariffs, demanding, among other things, the transfer of Greenland to America.
Despite the overall tension, the cryptocurrency market has proven to be less resilient compared to other risk assets, which have shown better dynamics under similar conditions. This was reported by Presto Research analyst Min Chong, who emphasized the weakness of the crypto market amid global economic turbulence.
