Bitcoin has gone from $83,000 to $74,000 overnight, bringing the liquidation of over $1.36 billion across the digital asset market, according to Coinglass.
The sharp revision follows an escalating trade tension, with US President Donald Trump unveiling sweeping fees late Friday to almost all major trading partners.
Over 441,000 traders have been liquidated for 24 hours, with long positions totaling $1.2 billion. Bitcoin alone has been liquidated by $403.13 million over many years, and Ethereum contributed to $341.82 million.
The most significant single liquidation order worth $16.38 million occurred in Bitfinex’s permanent contract. The top five assets by liquidation amount included BTC, ETH, SOL, XRP, and DOGE.
This move coincided with wider market turmoil. The S&P 500 Futures Index ER fell 10% over the weekend, with daily losses of over 4% on Thursday and Friday being one of the steepest two-day declines in index history.
The liquidation heatmap shows concentrated pressure on Bitcoin and Ethereum, but Altcoins such as XRP, Sol and Doge also experienced significant drawdowns.
BTC’s 24-hour price fell by 10.25%, ETH fell by 19.84%, with most major Altcoins recording double-digit losses. Data suggests that sales have been a long-standing emphasis and short liquidation remains relatively minimal.
Pullback affirms Bitcoin’s recent strength at over $109,000 in January after Trump’s reelection and inauguration, but has reverted to the level that continues under Joe Biden.
Bitcoin’s strong resistance level is around $73,000. It claims to be the local bottom of a sustainable bull run. However, global pressures and unprecedented tariffs have created Black Swan events that technical analysis cannot predict.
As geopolitical tensions grow, digital asset markets are now working with traditional stocks to re-recode risks.
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