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.

在过去的24小时内，加密货币公牛在过去的24小时内损失了超过5亿美元的看涨赌注，因为唐纳德·特朗普（Donald Trump）总统对欧洲进口和苹果产品的关税威胁的新鲜威胁，这引发了一系列清算浪潮。

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.

加密货币市场在周五经历了下滑，比特币期货在Binance，Huobi和OKX等主要交易所进行，报告的集体损失约为1.81亿美元。

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.

根据Coinglass的数据，大部分清算总数源于OKX上的一次交易，BTC-USDT交换额为953万美元。

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

当交易所因交易员无法满足保证金要求而强力关闭交易者的杠杆位置时，就会发生清算。

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.

大规模清算可以表明市场极端，例如恐慌销售或购买。一系列清算可能表明市场转折点，由于市场情绪过度反应，价格逆转可能会呈逆转。

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.

正如比特币从ETF流入和日益增长的机构兴趣中获得动力一样，回调到达，为预计将是一个平静的周末会议奠定了基础。

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，随着特朗普威胁要响应货币折旧的欧洲产品的关税，波动率全力恢复，后来补充说，他将在必要时对苹果和其他美国公司的产品征收关税。

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

随着宏观环境现在因新的贸易战恐惧而破坏了稳定，交易者可能会谨慎参加下周的会议。