Crypto Market Suffers Record Liquidation — $16B Wiped Overnight

Crypto Market Suffers Record Liquidation — $16B Wiped Overnight

Last night, the cryptocurrency market was struck by a massive sell-off that triggered $16 billion in leveraged liquidations, sending major assets into a sharp decline. 

Bitcoin dropped to around $112,117.86, with ETH, XRP, SOL and others also reeling under pressure.
Many altcoins plunged between 20% and 40% in some cases, as margin calls cascaded and forced positions were closed. 

The sudden crash is widely linked to political and trade tensions—particularly the U.S. announcement of 100% tariffs on China's software imports. That unexpected news sparked panic across markets, accelerating outsized liquidations.
Bitcoin’s fall stretched beyond 6%, slipping under $110,000 before recovering slightly.

Analysts warn that this kind of violent overnight decline often marks the early stage of a multi-step bottoming process. In the coming days, market makers may try to arbitrate away price discrepancies, and the recovery, if any, could be gradual. 

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