Here's the breakdown in simple terms. 👇

1] Historic $19B liquidation wiped out leveraged bets amid US-China trade war fears.

Altcoins crashed 90% on Binance.

Perfect storm of panic & instability.

2] Leveraged Longs Liquidated (Bearish AF)

- $19B positions erased – biggest ever, 20x worse than 2020 COVID crash.

- 87% were bullish bets ($16.7B lost).

- Why? Overcrowded trades triggered chain reactions. Fear Index tanked from 54 to 35. Watch out for more volatility!

3] US-China Tariff Shock (More Bearish Vibes)

- Trump threatens 100% tariffs on China imports

– BTC drops $20K intraday.

- Crypto now super linked to stocks (correlation +0.85).

- Means: Trade war could kill global growth & risk appetite.

Trading volume exploded 130% to $487B as folks rushed to stablecoins.

4] Binance Altcoin Flash Crash (Mixed Bag)

- Coins like IOTX plunged 90% briefly due to margin calls.

- Binance used $188M from insurance fund

– biggest since 2022.

- Upside: They'll compensate users. But exposes CEX risks.

Shoutout to Solana for handling 100K TPS like a boss!

5] Conclusion: Macro fears + leverage blowup + exchange glitches = Epic selloff.

Key levels: BTC $105K support & VIX for calm signals.

Crypto's tied to trade markets (+0.68 corr).

Will Fed or China moves flip the script?