The Crypto market has just undergone an unprecedented financial tsunami. In 24 hours, $ 2.24 billion evaporated under the tariff war, propeling Ethereum at the top of a historic debacle. A massive liquidation, controlled by Donald Trump's surprise announcement on customs taxes, swelled the records of the FTX crisis and the Krach COVIR-19. Behind these dizzying figures, more than 730,000 traders have seen their positions reduced to ashes.
Ethereum, the first victim of a crypto cascading liquidation
In crypto, hopes of rising can turn into a deadly trap. The proof: 84 % of liquidations concerned long positions, or $ 1.88 billion lost by traders betting on a rebound.
A paradox? Not really. The frenzy around the Bitcoin ETF, having drained $ 5 billion in January, had fueled blind optimism.
But Ethereum, undisputed star of cryptos, crystallized the tensions. With $ 609.9 million liquidated on its contracts only, the ETH served as a chain collapse.
Exchange platforms are never neutral. Binance, undisputed giant, alone absorbed 36.8 % of liquidations, according to Quince.
A record order of record of $ 25.6 million on the ETH/BTC pair symbolized there the excitement of algorithms. Okx, Bybit and Gate.io followed, revealing a systemic vulnerability: the more liquid an exchange, the more it becomes a panic accelerator.
The comparison that is cold in the back
Joe Consorti, analyst in Theya's Bitcoin, dares the shock metaphor: “This Krach Trump goes beyond the FTX effect and COVIvin chaos. »An ice warning.
In February 2023, the Fear & Greed index plunged into the red zone, pointing out an extreme fear. However, history reminds us: these moments of panic have often preceded spectacular rebounds. The crypto, eternal cycle of rebirth?
The markets hate the unknown. The announcement of customs taxes against China, Canada and Mexico acted as a shock wave. In the space of an hour, Ethereum and Cardano have plummeted by 10 %, carrying with them billions of capitalization.
An excessive reaction? Maybe. But the crypto, a young and hyper-reactive market, amplifies each geopolitical shock. Algorithms, programmed to anticipate risks, have transformed a protectionist measure into a global crisis.
ETF Bitcoin vs. Liquidations: the duel of stories
Ironically: while liquidations accelerated, the Bitcoin ETF continued to siphon traditional savings. Nearly $ 50 billion in inflow are expected by 2025, analysts said.
A contradictory signal? Not really. These structured products attract institutional clientele, less sensitive to altcoin fluctuations. Proof that the crypto fractures in two universes: that of speculative bets and that of “secure” investments.
The Fear & Greed index displays a persistent “fear”, according to Alternative.me. A feeling that hides a little -known reality: massive liquidations rid the fragile position market, offering initiates discount prices.
After all, Bitcoin survived Mt. Gox, Cavid, and the fall of FTX. Why not at Trump? The key lies in patience … and in the art of transforming a massacre into an opportunity despite the concern of the experts following the collapse of the Crypto XRP.
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