The cryptocurrency market has collectively become a lowering, leading to massive long-position liquidations. This is due to the reaffirmation by US President Donald Trump for tariff taxation in Canada, China and Mexico, who has greatly attenuated the feeling of investors.
According to the cryptocurrency data analysis company, Coiginglass, the total volume of positions liquidated in the last 24 hours has reached $ 440 million (around 641 billion KRW). From this, long -position liquidations alone represented $ 390 million (around 567.7 billion KRW), representing 88% of the total liquidations. That day, the great cryptocurrencies such as bitcoin (-1.3%), ethereum (-5%), ripple (-3.4%) and solara (-6.5% ) all show weakness on the binance attachment (USDT).
Meanwhile, the White House announced during a press briefing on the 31st (local time) that “25% prices in Mexico and Canada, and 10% on China will be imposed from February 1 “. This news has increased volatility between global financial markets, including the cryptocurrency market.
