Bitcoin dropped below $86K, triggering $1.6 billion in liquidations as traders got wiped out.
A $500M Bitcoin ETF selloff and Trump’s tariff threats fueled the market downturn.
Between 286K and 367K traders were liquidated, with long positions taking the biggest losses.
Bitcointumbled below $86,000 for the first time since November, triggering a massive $1.6 billion liquidation spree in just 24 hours, according to Coinglass data.
What’s behind the plunge? A double blow from politics and institutional sell-offs.
JUST IN: $1,600,000,000 in crypto has been liquidated over the last 24 hours 🤯 pic.twitter.com/NuTgZJ0q5T
Trump’s Tariff Threats & ETF Selloff Slam Crypto Markets
Bitcoin’s drop didn’t happen in a vacuum—it came after President Donald Trumprenewed tariff threats against Mexico and Canada, fueling economic uncertainty.
A $500M Bitcoin ETF selloff accelerated the downturn, causing widespread panic.
Institutional outflows and shaky macro conditions drove Bitcoin to its lowest level in months.
Between 286K and 367K traders were liquidated, with long positions taking the biggest hit.
This is the second major liquidation event this year, following a $2.2 billion wipeout on Feb. 3, 2025.
XRP and other major altcoins followed suit, sinking deeper into the red.
Leveraged traders were wiped out, repeating the pain from last month’s meltdown.
With institutional outflows increasing and political uncertainty rising, crypto markets remain on edge. For now, Bitcoin is stuck in a high-volatility zone—and traders are scrambling to stay afloat.
Michael is a BSBA Management graduate from Mindanao State University. He has been a Content Writer since 2019, covering a wide range of topics. His interest in crypto began in 2021, eventually becoming his main focus. For almost four years, he has worked with Aiur Labs and holds BTC, TRON, and a few memecoins.
