Crypto markets suffered a historic liquidation cascade as leverage and thin books amplified a tariff headline shock, erasing $7.44 billion in positions within an hour and knocking Bitcoin toward the $118,000 range alongside falling equities. Microstructure chatter pointed to stacked shorts, stop runs, and vanishing depth, with widely shared claims of a timed $1 billion short capturing roughly $200 million in gains. The turmoil has pushed traders toward stricter risk management, highlighting how macro catalysts, positioning, and market depth dictate the magnitude of moves.
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#crypto liquidations
#bitcoin price
#leverage
#tariff shock
#market manipulation