How Crypto Traders Are Positioning Following ‘Black-Friday’s’ Crash
The crypto market is navigating the aftermath of a historic liquidation event, with an options expert noting a dramatic shift in trader sentiment and strategy.
Roughly $20 billion in positions were wiped out last Friday as Bitcoin plummeted 17% in a matter of hours. The sell-off, now dubbed “Black Friday,” occurred after President Trump announced a 100% tariff on all Chinese products in response to Beijing’s restriction on rare mineral exports, Decrypt previously reported.
The shockwave also hit traditional markets, sending the S&P 500 down 3.37% to a 29-day low.
“Friday’s meltdown was the most dramatic in crypto history, with nearly $19 billion in liquidations across the market,” Sean Dawson, head of research at…
