Market Manipulation or Trump Tariff Threat? Long Positions Suffer $16.8 Billion Loss in Crypto Market Shakeout

On Oct. 10, bitcoin briefly plunged below $110K, triggering $19.31 billion in liquidations and impacting over 1.6 million traders. Widespread Liquidations Mark a Historic Collapse What began as a promising week for bitcoin ( BTC)—after it twice set new highs—ended in dramatic fashion as the cryptocurrency briefly plunged well below $110,000. Bitstamp data recorded BTC’s […]

via Terence Zimwara