Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass.
More than 87% of liquidations came from long positions after a volatile start to March that saw double-digit losses on March 4 erase similarly large gains from only days earlier, the data showed.
On March 4, US President Donald Trump imposed 25% tariffs against Canada and Mexico, the United States’…
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