Bitcoin (BTC) recovers slightly at $77,000 today after falling apart at the lowest price ever since 2025, and after facing the worst moment of the year.
In the fall, suddenly, without any thought, dragging the entire market of digital assets, It will cause a wave of liquidation over $700 million among tradersin the midst of a disadvantaged macroeconomic environment that has been exacerbated by the intensification of the “customs war” led by Donald Trump.
The collapse of Bitcoin will shake up the futures market. According to Coinglass, leverage for BTC and other liquidated cryptocurrencies totals $727 million.
Next is the latest settlement in the per hour cryptoactive market detected by Coinglass Explorer.
In this diagram, $579 million is available for long positionsoperational bets on rising prices of digital assets. In contrast, there was a forced closure of $148 million, which was expected to decline.
The automatic position of the position due to lack of sufficient margins directly affects traders operating in leverage. This mechanism allows investors to increase their market exposure with capital, as detailed by encrypted cryptopedia.
If prices move favorably, profits increase. However, if it opposes, the loss will shoot and the platform will close positions if the funds are not sufficient to meet the maintenance requirements.
meanwhile, Open interest in Bitcoin futures is $34.5 billion. It records a small recovery from the minimum $338 million on April 3rd, but the general trend remains bassist. According to GlassNode data, operators reduce exposure to risks in price impulse loss.
Macroeconomic storm shakes Bitcoin
As can be seen in the TradingView graph below, a 7% drop in Bitcoin price over the last 24 hours does not occur in a vacuum. Macroeconomic and political factors decide to put pressure on the market.
At the heart of the storm is the “customs war” promoted by Donald Trump. The President will strengthen his commercial policy by impose strong taxes Imports from countries such as China and the European Union create uncertainty in global markets.
Trump has promised a favorable environment for cryptocurrency in his campaign, but their actions have the opposite effect.
Tariffs are threatened Reduce profit margins for international companies and increase production costs. This falls into unstable markets such as technological behavior, speculative raw materials, and even Bitcoin.
Far from acting as a bullish driver, Trump’s policies feed an environment of attention that affects even the assets he supports.
The world is responding to Trump’s tariffs
International responses are not waiting. The countries of the European Union prepare a united front against US tariffs.
In the next few days, they will approve countermaast Imports from the US are worth up to $280 millionIt includes everything from tooth threads to diamonds, according to Reuters.
This answer adds to actions in China and Canada that have already levied retaliation fees.
Meanwhile, China announced a 34% tax on all US imports as of this week. Additionally, it will suspend purchasing of sorghum, chicken and bone meal from six US companies The AP agency reports that it has added 27 companies to its commercial restrictions list.
These measures will climb tensions and fan fears over a global commercial war that will bolster billions of consumer assets and drive the economy towards a recession.
(tagstotranslate)bitcoin(btc)
