When the leverage breaks: What the weekend crypto crash revealed – Charlie Sherry
On Friday, the crypto market experienced its most violent deleveraging event to date. Over US$19 billion in positions were liquidated in a matter of hours, marking the largest single-day wipeout in crypto history.
This was triggered from Trump announcing 100% tariffs on Chinese imports. At first glance, it looked like a textbook macro-driven selloff, Bitcoin dipped from around US$117,000. But what followed was anything but ordinary. As prices slid, a cascade of forced liquidations triggered a chain reaction, sending prices on some exchanges into freefall before snapping back within minutes.
To grasp the scale of the chaos, consider how far some major assets plunged intraday before recovering. Bitcoin dropped as low as…
