As the world’s tariff war has increased, more than $ 22.4 billion has been cleared in the Cryptocurrency market over the last 24 hours. Ether (ETH) took the lead by combining long and short liquids of more than $ 169.9 million.
On January 3, a total of more than $ 22.4 billion was shared with more than 730,000 traders. According to CoingLass Data, the largest single liquidation command was recorded in the cryptocurrency exchange of ETH/BTC transaction pairs of $ 25.6 million.
The largest encryption exchange facilitates liquidation
During the period, 36.8%of all liquidation occurred in Binance due to huge user bases. Other encryption exchanges that share liquidation are OKX, BYBIT, GATE.IO and HTX.
Crystal of encryption. Source: COINGLASS
Long -range traders have lost 84% of total liquids or 84% of total liquidation, emphasizing the overall expectations for another bull run.
relevant: Bitcoin retail sellers send $ 625m to Binance in front of the first cycle top.‘
In January, the US Spot Bitcoin Exchange Trading Fund (ETF) withdrew its investment worth $ 5 billion and set the possibility of $ 50 billion by the end of 2025.
World politics on the encryption market
Along with the large -scale liquidation, the top Altcoin, including ETH and Cardano (ADA), dropped two digits in just one hour after US President Donald Trump announced his first tariff on imports of China, Canada and Mexico.
Cryptocurrency price by market cap. Source: Coingecko
Joe Consorti, Bitcoin’s Bitcoin officer and analyst, said that the $ 22.4 billion liquidation event by Trump was greater than liquidation during the Covid-19 Pandemic and FTX collapse.
As of February 3, investor sentiment in the encryption market is in “fear” according to the replacement .ME data.
Crypto Fear & Greed Index. Source: alternative.me
This suggests that encryption investors have begun to worry about investments. Historically, extreme fear feelings have been used as an opportunity for many people.
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