This month, with the frequent tariff threats from US President Trump, the cryptocurrency market sentiment has been affected. After Bitcoin (BTC) fell below the $100,000 mark on the 7th, it has continued to fluctuate between $95,000 and $97,000 for the past 3 days, and returned to $97,000 this morning, currently trading at $96,849, up 0.4% in the last 24 hours.

On the other hand, Ethereum (ETH) has continued to fluctuate above $2,600 after plunging from near $2,800 to a low of $2,562 on the 7th, currently trading at $2,642, up 0.16% in the last 24 hours.

Major coins generally rise slightly

CoinMarketCap data shows that major coins generally rose slightly today, with SOL seeing the strongest gain of 4.5% to $201.92, SUI also up 4.3%, XRP up 1.73%, DOGE up 2.55%, TRX up 0.97%, LINK up 0.45%, and AVAX up 0.81% in the last 24 hours.

Total network liquidation exceeds $100 million

According to Coinglass data, the total cryptocurrency network liquidation amount exceeded $103 million in the past 24 hours, with long positions accounting for $44.15 million and short positions accounting for $59.57 billion, with over 75,000 people being liquidated. However, the liquidation amount has returned to normal, significantly lower than the over $2 billion liquidation amount during the major drop 3 days ago.

It should be noted that, as the market sentiment is being impacted by concerns over the global trade war, Coinglass data shows that if Bitcoin falls below $93,000, it will trigger a major liquidation event, resulting in the liquidation of over $1.1 billion in long positions across all cryptocurrency exchanges.