The US tariff delay on Mexico and Canada triggered market volatility, leading to $552.80M in crypto liquidations within 24 hours, per CoinGlass.
Both long and short traders faced great losses as sudden market shifts resulted in massive liquidations across crypto exchanges.
The uncertainty surrounding US economic policies has once again rattled the cryptocurrency market. The Trump government’s decision to suspend import taxes on Mexico and Canada has sent prices of Bitcoin and Ethereum skyrocketing.
For those who had expected an increase, this is welcome news on one hand. For individuals that gamble on short positions, this is a nightmare, though. Based on CoinGlass data, total liquidations in the cryptocurrency market over last 24 hours came to $552.80 million.
Longs and Shorts Both Get Hit: Liquidation Waves
Two groups have to incur great losses when the market swings dramatically. While bigger short positions reached $300.74 million, liquidations in long positions were $296.05 mill
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