Trump’s Tariffs Spark Global Market Volatility

President Donald Trump’s threat to impose a 100% tariff on Chinese imports triggered significant market turmoil, particularly in the crypto sector. His announcement via Truth Social led to a rapid decline in risk appetite, resulting in billions of dollars worth of liquidations across crypto markets during the Asian trading session. CoinGlass data shows $19.1 billion in positions were liquidated within 24 hours, with a significant portion coming from long trades. This event marks a tenfold increase in liquidation volume compared to both the 2022 FTX collapse and pandemic-driven sell-offs.