Derived from BitJie, on October 11, 2025, over $10 billion in cryptocurrency positions were liquidated within 24 hours following U.S. President Trump’s announcement of increased tariffs on Chinese goods. Bitcoin, Ethereum, and Solana all erased their October gains, with Bitcoin dropping 4% to $116,200, Ethereum falling nearly 8% to $3,975, and Solana declining over 7% to $205. Trump’s decision to cancel a planned meeting with Chinese President Xi Jinping and raise tariffs triggered a broader market sell-off, with major U.S. stock indices also falling sharply. The Trump family’s native token, WLFI, plummeted over 17% to $0.14 before partially recovering.
Over $1 Billion in Crypto Positions Cleared as Trump's Tariff Announcement Sparks Market Sell-Off
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