President Trump’s tariff leads to the liquidation of historical encryption – BYBIT CEO warns that it is “much more” of reporting it
Customs tariff talks on American commercial partners sparked a sharp shrinkage in digital assets and great fluctuations in the financial markets during the weekend until Monday morning.
Saturday, President Trump Declare Through the social fact, it imposed a 25 % tariff on imports from Mexico and Canada, and an additional 10 % tariff in China.
Immediately after Trump’s announcement, Bitcoin (BTC) lost $ 102,000 and decreased to less than 92,776 dollars on Coinbase.
According to the encryption data complex CoinglassMore than 2.27 billion dollars, most of them are filtered by merchants trying to benefit from the long bitcoin sites.
However, according to the Chairman of the Ben Ben Zhou Board, the true amount of filtering is likely to be four times higher.
send On the social media platform X, ZHou says that more than two billion dollars were classified on Bybit alone, which means that Coinglass numbers are probably due to the restrictions in applications programming facades that feed the filter data.
“I am afraid that the real total liquidation today will be more than $ 2 billion, according to my estimation, at least 8-10 billion dollars must be. For your information, liquidation was 24 hours alone 2.1 billion dollars.
As you can see in the screenshot below, the BYBIT 24 hours recorded on Coinglass reached about 333 million dollars, however, this is not all the liquidation. We have API restrictions on the amount of feed that are removed per second. From my note, other exchanges are the same to reduce filtering data. Moving forward, Bybit will start paying all the filter data. We believe in transparency. “
After the markets interacted with the tariff news, Trump Declare After a “friendly” conversation with Mexican President Claudia Shinbom, they agreed to postpone the definitions for one month to allow negotiations. Shinbum certain The conversation occurred, and Mexico also agreed to send 10,000 soldiers to the southern border to prevent trafficking in Fintanel to the United States.
According to what was stated that Trump will meet Canadian Prime Minister Justin Trudeau.
The markets have fallen slightly since the news of progress in the customs tariff talks, as BTC almost replaced the level of $ 100,000 and the main stock indicators decreased only marginally compared to the closure of Friday. However, most Altcoins are still large of its highest levels ever and are struggling to gain momentum.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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