Crypto's $19B Cleanup: What You Should Know
A surprise 100% tariff announcement from President Trump triggered over $19 billion in liquidations, the largest leveraged wipeout in crypto history.
Global crypto markets saw their largest leveraged wipeout on record, with over $19 billion in positions liquidated, following the announcement and a well-timed short by a major crypto whale.
The sudden crash wiped out weeks of speculative gains in both Bitcoin [BTC] and altcoins, leaving investors still in profit, but not fully embracing the fear of further losses.
- Over $19 billion in leveraged positions were erased in less than 24 hours.
- The community remains unsure if the market has cleared out all excess leverage or if more downside is still to come.
The fear hasn't fully set in.
Author's summary: Crypto market faces uncertainty after $19B cleanup.
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