The crypto market just saw its biggest crash ever, with $19 billion liquidated in just 12 hours as panic selling swept through the industry. Long positions suffered $16 billion in losses after President Trump’s tariff announcement triggered a massive sell-off. Bitcoin plunged from over $122,000 to close to $113,000, impacting more than 1.6 million traders. This record-breaking crash highlights the dangers of high leverage during times of extreme market volatility.
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