{"ebed203e8f4fff881f1b1d7b12b547b4":"A flash crash triggered by rising U.S.-China trade tensions resulted in $19 billion in liquidated cryptocurrency positions on Friday. This marked the most significant single-day purge of leveraged bets in cryptocurrency history.","c92433d19f8640190e2b7bbd34046308":" Summary ","7a6c9c721117dcd71cb6b3b3bb7ad006":" $19B in crypto positions liquidated after Trump\u2019s hostile US-China remarks. ","12eae57711420b4ba0ff857aedeab624":" Bitcoin fell 16% to $104K before rebounding; 1.6M traders wiped out in hours. ","07e72cf93bc552c7972efe39d3a636f0":" Altcoins hit harder: LTC -51%, TON -41%, DOGE -39% before partial recovery. ","32b5c1aedca901f4fef462407fa2c3f5":"According to Santiment, President Trump\u2019s posts on Truth Social are to blame. Trump accused Beijing of becoming \u201cvery hostile\u201d and threatened massive tariff increases on Chinese goods in retaliation for export controls on rare earth metals.","8d93ff50f7f0f0e2f74b1f1e084f8df8":"Bitcoin (BTC) dropped from approximately $124,000 to briefly touch $104,100 in a matter of hours before rebounding to $113,000.","a1f0a13f4aa005460b7d248b8860b45e":"As of the last check on Sunday, Bitcoin was trading just below $112,000, down over 9% in the past week.","8da9a1064085fcf8105b2b314db8f4ec":" Source: CoinGecko","cf09d418f34fd9f50d8a73e480b5b1d2":"The selloff intensified about six hours after Trump\u2019s initial post, with over 1.6 million estimated traders affected.","5893c4589ad153e7e164825ecdf991f5":"Of the $19 billion liquidated, approximately $16.6 billion came from long positions, while only $2.4 billion represented short position liquidations.","5e23df8a410e48dcc998619270b7c829":" You might also like: Fair launch is the broken promise of crypto | Opinion ","a5e5262c835196436ab81630b045b9b8":"Altcoins experience severe market dislocations ","81dcfda65c1eac475f254efa2d95940f":"While Bitcoin\u2019s 12% temporary price drop led the headlines, altcoins faced more severe drawdowns during the crash.","9de0e22169d32ed50beeaa0b0663f0ad":"Over the course of less than an hour, liquidations swept through leveraged positions, with percentage moves far exceeding Bitcoin\u2019s decline:","1f02a8ac520a5585e263424069edf792":" Litecoin (LTC), -51% ","9517c4fb271517e4f18cd9160f605740":" Toncoin (TON), -41% ","eaccf6a387f18814ebe04afd914c77f3":" Dogecoin (DOGE), -39% ","8c32a3c9b405b25051874621392df593":" Source: Santiment","3a90d2b2eab9f1903d53c079d5066163":"When forced liquidations begin, the relatively minor order books for altcoins compared to Bitcoin mean that price impacts are magnified as positions unwind.","2c489be6db2452053e14621ec9577fcf":"Santiment\u2019s analysis noted that discussions related to U.S.-China tariff concerns spiked after the crash, with retail traders quickly reaching consensus about attributing the flush to geopolitical events.","6eb81db2331456a7200e1b802ecf125e":" You might also like: Crypto VC Funding: Polymarket dominates with $2b investment, Kalshi raises $300m ","d3dd686dea81783ba591cd160acce090":"Retail sentiment shifts to bearish expectations ","8f20b0b1691ad8e51712a681ac753616":"For the first time in October, Santiment data showed a four-hour stretch where words like \u201clower\u201d or \u201cbelow\u201d received higher mention frequency than \u201chigher\u201d or \u201cabove\u201d in crypto discussions.","1ab7aa22dbd247c66e5cab0a57f23947":"The sentiment reversal occurred after months of predominantly bullish positioning, with the crash serving as a reminder that crypto remains vulnerable to sharp corrections.","f825faa599b30e0644e153420e71c224":"Santiment noted that Trump and Xi relationship developments will likely remain central to trading decisions in the near term.","c8ac80f7de6eed384c48cf94a1bcfcb9":"If diplomatic talks yield positive developments, retail sentiment toward crypto is likely to improve correspondingly.","b22f8a36807f9ac5e57c6da482b99284":"However, if the relationship deteriorates further, Santiment warns that predictions of \u201cBitcoin sub-$100K\u201d could become more prevalent among traders who reassess their risk.","4da0017cf07e93fd47f7345f36c3c364":"Meanwhile, precious metals gained as traders sought tangible safe havens amid currency devaluation fears. Gold surged past $4,000 per ounce as Bitcoin exhibited behavior more consistent with risk assets than that of safe havens during periods of geopolitical tension.","333a483dff309ada4837f7285b25edcc":" Read more: Pudgy Penguins waddle higher despite overall NFT sales slump "}