Cryptographic merchants bet on a constant bitcoin
Rally obtained a strong reminder of the main risk of Donald Trump’s latest tariff threats.
More than $ 300 million were settled in landscape positions in the centralized exchanges in the last four hours, according to coinglase data, since cryptography prices fell after the news.
Almost all liquidations come from long positions: those who bet on higher prices. BTC Longs represented $ 107 million, while Ethereum’s Ether
followed by about $ 87 million. Other chips, including Solana’s Sol, Dogecoin and Sui saw liquidations ranging between $ 10 million and $ 18 million.
“Nice aggregate aggregate of long leverage and risk sale from spot,” said the well -called cryptographic merchant indicated in an X Post on early Friday. “All driven by the headlines once again.”
The mass sale occurred after Trump proposed a 50% tariff on the imports of the European Union starting next month, along with a 25% tariff on the iPhones manufactured outside the United States, reviving the fears of a growing commercial war.
As a result, BTC and the main alternatives such as ether
XRP and Cardano fell 3% to 4%, while the smallest capitalization tokens such as Uniswap and Sui fell 5% to 7% in the last 24 hours.
Crypto Trader called James Wynn, who attracted the attention recently by opening a BTC bet of $ 1.1 billion with a 40x leverage in the hyperlychide exchange, also slid underwater in the massive position. Currently, the merchant is sitting with $ 7.5 million of losses not made, and the position could be settled if BTC is reduced to $ 102,000, according to a shared screen capture in X.
Interestingly, the long liquidations occurred in the middle of a recent unusual inclination towards short positions in BTC derivatives despite record prices, Coindesk reported Thursday.
Read more: Why do Bitcoin merchants shorten aggressively as BTC reaches a new high record?
