Crypto entrepreneurs bet on a steady bitcoin
Rally gained a sharp reminder of the head risk from the latest threats to Donald Trump’s tariff.
More than $ 300 million worth of leveraged derivatives positions are liquid across centralized exchanges in the past four hours, according to Coinglass datawhile crypto prices collapsed following the news.
Almost all of the exterminations come from a long position – entrepreneurs who bet at higher prices. BTC Longs costs $ 107 million of total, while Ethereum’s Ether
Followed near $ 87 million. Other tokens, including Solana’s Sol, Dogecoin, and Sui have seen fluids between $ 10 million and $ 18 million.
“Nice aggregate flush of long leverage and de-risk seller from the area,” well followed Crypto businessman Skew mentioned in an X post early Friday. “Everything is driven by the headlines again.”
The seller-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, with a 25% tariff on iPhones made outside the US, reigning fears of a rising trade war.
As a result, the BTC and major altcoins such as Ether
XRP, and Cardano fell 3% to 4%, while smaller tokens caps such as Uniswap and SUI dropped 5% to 7% in the past 24 hours.
The crypto businessman named James Wynn, who Got attention Recently a $ 1.1 billion BTC opens a long stakes with 40x hyperliquid exchange actions, Dinaks underwater in a massive position. Currently, the businessman is sitting at $ 7.5 million of the unlucky losses, and the position may be liquid if the BTC has slipped to $ 102,000, according to a screenshot Distributed in x.
Noteworthy, the long avoidance has come in the middle of a recent -only unusual rotation towards short positions in BTC derivatives despite record prices, CoinDesk reported on Thursday.
Read more: Why are Bitcoin entrepreneurs aggressive as the BTC hit the new record?
