Bitcoin Liquidations Surge Amid Tariff News and Market Drop

A recent market downturn triggered unexpected liquidations in Bitcoin, pushing its price below $109,000. President Trump’s tariff announcement on EU goods played a key role, leading to significant trading disruptions across major exchanges like Bybit, OKX, and Binance. These exchanges saw substantial leverage positions liquidated as volatility surged. Crypto analyst Carl Moon commented on the potential for renewed market volatility, with some traders anticipating a short squeeze.