Bitcoin (BTC) fell 2.65% in the past 24 hours from $94,400 to $91,900, falling below $92,000. The derivatives market was affected by this correction, with $700 million liquidated in the past 24 hours, $600 million of which was from traders with long positions.
You can observe these liquidation movements in the graph provided by the CoinGlass platform below. The operation of all digital assets is considered here, not just Bitcoin.
long position Companies that were betting on rising prices concentrated most of the liquidations.. This, as CriptoNoticias explains, occurs when the value of an asset fluctuates rapidly relative to the operation, forcing the exchange to automatically close leveraged positions to avoid larger losses.
Liquidations trigger automatic sales, suddenly increasing available supply, reinforcing downward pressure and deepening initial price movements. As a result, waterfalls tend to accelerate and become more intense.
Tensions over Greenland impact risks
The market decline was triggered by US President Donald Trump’s comments over the weekend. In it he announced: Starting February 1, 2026, a 10% additional tariff will apply to all goods exported to the United States. From eight countries, including three of the world’s largest economies: Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. Then, starting June 1, 2026, this tax will increase to 25%.
The conflict is directly related to President Trump’s renewed interest in acquiring Greenland, an autonomous territory under Danish sovereignty, and recent military tensions in the Arctic. The most obvious reason is to use tariffs as a pressure tool to force Denmark to sell the island to the United States..
The eight affected countries have recently participated in sending troops and providing logistical support to Greenland in the framework of joint military exercises and sovereign missions in support of Denmark. The US government considers Greenland to be an important strategic part of the Arctic defense architecture, especially given the growing presence of Russia and China in the region.
Leaks to safe assets
As a result, investors adjust their exposure to assets considered “risky” such as Bitcoin and cryptocurrencies. Selling pressure spread throughout the market. For example, Ethereum’s cryptocurrency Ether (ETH) fell by 2.96%, XRP recorded a decline of 3.86%, and Solana (SOL) fell by 6.05%.
All of this pushed investors towards safe-haven assets and put pressure on a risk-sensitive market. This is why both gold and silver hit new all-time highs today.. Gold rose to $4,683 an ounce and silver hit $94.
The future stability of Bitcoin’s price will depend on the European Union’s response to these threats. If trade tensions escalate into a global tariff war, the digital currency will likely continue to face resistance to a return above $95,000 in the near term.
