The $9.5 Billion ResetIn a single day, over $9.55 billion in open interest was erased from crypto markets. According to CoinGlass data, this included $8 billion in long positions and $1.55 billion in shorts. The largest liquidations hit Bitcoin and Ethereum — over $2.6 billion combined — as the market plunged violently following new U.S. tariffs on China. Prices fell off a cliff. Bitcoin crashed from above $122,000 to nearly $102,000 before clawing back. Over 1.5 million traders were liquidat...

The $9.5 Billion ResetIn a single day, over $9.55 billion in open interest was erased from crypto markets. According to CoinGlass data, this included $8 billion in long positions and $1.55 billion in shorts. The largest liquidations hit Bitcoin and Ethereum — over $2.6 billion combined — as the market plunged violently following new U.S. tariffs on China. Prices fell off a cliff. Bitcoin crashed from above $122,000 to nearly $102,000 before clawing back. Over 1.5 million traders were liquidat...