According to CoinGlass, roughly $875 million in positions were liquidated—mostly longs—as Bitcoin and altcoins fell on renewed US–EU tariff tensions announced by President Donald Trump.
Bitcoin and altcoins slid as tariff headlines pressured risk assets. Reuters reported President Donald Trump vowed a 10% import tariff from February 1 on goods from Denmark, Great Britain, Norway, Sweden, France, Germany, the Netherlands, and Finland, rising to 25% on June 1 if the U.S. cannot acquire Greenland. CoinGlass recorded about $874 million in 24-hour liquidations, roughly $788 million from longs, including ~$233 million tied to Bitcoin and ~$156 million to Ethereum; Solana, XRP, and Dogecoin saw ~$61M, ~$41M, and ~$35M, respectively. Over the period, Bitcoin fell from about $95,500 to $93,000 and later rebounded near $93,100; earlier reporting noted an intraday low around $91,920.