Cryptocurrency bulls lost more than $500 million in bullish bets in the past 24 hours as traders booked profits and markets slid following President Donald Trump’s fresh threats of tariffs on European imports and Apple products, sparking a wave of liquidations.

在過去的24小時內，加密貨幣公牛在過去的24小時內損失了超過5億美元的看漲賭注，因為唐納德·特朗普（Donald Trump）總統對歐洲進口和蘋果產品的關稅威脅的新鮮威脅，這引發了一系列清算浪潮。

The cryptocurrency market experienced a downturn on Friday, with bitcoin futures on major exchanges like Binance, Huobi, and OKX reporting a collective loss of about $181 million.

加密貨幣市場在周五經歷了下滑，比特幣期貨在Binance，Huobi和OKX等主要交易所進行，報告的集體損失約為1.81億美元。

The bulk of the liquidation total stemmed from a single trade on OKX, where a $9.53 million BTC-USDT swap was liquidated, according to data from CoinGlass.

根據Coinglass的數據，大部分清算總數源於OKX上的一次交易，BTC-USDT交換額為953萬美元。

A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the trader's inability to meet the margin requirements.

當交易所因交易員無法滿足保證金要求而強力關閉交易者的槓杆位置時，就會發生清算。

Large-scale liquidations can indicate market extremes, like panic selling or buying. A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.

大規模清算可以表明市場極端，例如恐慌銷售或購買。一系列清算可能表明市場轉折點，由於市場情緒過度反應，價格逆轉可能會呈逆轉。

The pullback arrived just as bitcoin was gaining momentum from ETF inflows and growing institutional interest, setting the stage for what was expected to be a calm weekend session.

正如比特幣從ETF流入和日益增長的機構興趣中獲得動力一樣，回調到達，為預計將是一個平靜的周末會議奠定了基礎。

Instead, volatility returned in full force as Trump threatened tariffs on European products in response to currency depreciation, later adding that he would impose tariffs on Apple and other U.S. companies’ products if necessary.

取而代之的是，隨著特朗普威脅要響應貨幣折舊的歐洲產品的關稅，波動率全力恢復，後來補充說，他將在必要時對蘋果和其他美國公司的產品徵收關稅。

With the macro environment now destabilized by renewed trade war fears, traders may remain cautious heading into next week’s sessions.

隨著宏觀環境現在因新的貿易戰恐懼而破壞了穩定，交易者可能會謹慎參加下週的會議。