April 3, 2025
159K Traders Liquidated
Around $500 million in liquidations occurred, with $300 million in the last four hours. Short and long positions were both affected, with over $100 million in long positions liquidated within one hour.
Source: Coinglass
A total of 159,333 traders were liquidated, with $489.07 million in losses. The largest single liquidation was $11.97 million in ETHUSDT on Binance. $257 million came from long positions, and $232 million from short positions.
Liquidation Day or Liberation Day?
The total crypto market cap has decreased by $200 billion, affecting BTC, ETH, SOL, XRP, and ADA. The volatility stems from Trump’s “Liberation Day” tariffs, which led to price fluctuations. Bitcoin is currently trading around $83,500, down 0.9%.
On April 2nd, Bitcoin dropped to $82,000 as global markets reacted to Trump’s tariff announcement. Despite short-term challenges, analysts remain optimistic, forecasting Bitcoin could reach over $200,000 by the end of 2025, with some predicting up to $500,000 if the U.S. creates a Bitcoin reserve.
