Longs Get Wiped Out Across Crypto Markets — TradingView News
The crypto market faced a sharp selloff overnight as renewed trade conflict fears between the United States and the European Union shook global risk sentiment. Bitcoin and major altcoins reversed recent gains, with traders reacting to fresh tariff headlines and the possibility of escalating economic retaliation on both sides of the Atlantic. While crypto is often viewed as a separate market, this move once again showed how quickly digital assets can behave like high-beta risk trades when macro uncertainty spikes.
According to analyst Darkfost, the liquidation impact was immediate and aggressive. More than $800 million worth of leveraged positions were wiped out in a matter of hours, including roughly $768 million in long liquidations….
