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.
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Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.
