Bitcoin Slips Under $112K, ETH, DOGE Drop 6% as China Hits Back on U.S. Tariffs

Total liquidations hit $630 million, with long positions making up two-thirds of the wipeout, according to CoinGlass.

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💡 DMK Insight

DMK Insight: The staggering $630 million in liquidations, predominantly from long positions, signals a critical moment for market sentiment. This highlights the fragility of bullish momentum, as over-leveraged positions can quickly turn into a cascade of forced selling. Investors may note that such volatility not only reflects current market dynamics but also serves as a reminder of the inherent risks in trading strategies that rely heavily on optimism. As we navigate these turbulent waters, caution and risk management will be paramount.