A post announcing 100% tariffs on Chinese imports triggered selling into a market carrying record leverage, and bitcoin fell from roughly $122,000 to $105,000 while smaller tokens lost far more. Exchange infrastructure failed under the load, amplifying the cascade well beyond the initial move.
All events
The largest liquidation event in crypto history
More than $19 billion of leveraged positions were forcibly closed in twenty-four hours after a tariff announcement.
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