After the Washout, the Soil Looks Richer
A sharp crypto sell-off followed a policy jolt from Washington. Late Friday, President Trump threatened a 100% tariff on Chinese goods. With stock markets closed, the first reaction hit venues that never sleep. Price gaps grew, liquidity thinned, and leverage cracked.
Another shock arrived when U.S. and UK authorities unveiled a sweep against a Cambodia-based fraud network, including custody of roughly $15 billion in Bitcoin. Concern rose over large off-exchange holdings, and risk appetite stayed weak.
The weekend rout erased about $19 billion of leveraged positions and affected roughly 1.6 million accounts. Bitcoin dipped below $110,000. Ether slipped under $4,000. Altcoins fell harder on thin books. Forced liquidations…
