Analysis: Trump's tariff threat caused volatility in the crypto market, and 24-hour long positions have exceeded $500 million

Mars Finance News: Affected by the announcement from former U.S. President Trump about potentially imposing a 50% tariff on EU imports and a 25% tariff on Apple iPhones, the crypto market experienced significant volatility. Bitcoin's price rapidly dropped from levels above $111,000, causing turbulence in crypto market sentiment. According to Coinglass data, the total liquidation of crypto long positions in the past 24 hours has exceeded $500 million, with Bitcoin futures liquidations around $182 million and Ethereum futures liquidations nearly $142 million. Analysts believe that this pullback occurred at a time when Bitcoin was gaining momentum due to ETF fund inflows and increasing institutional interest, highlighting the significant impact of macroeconomic policy changes on the crypto market. (CoinDesk)