Bitcoin's Value Drop Triggers Widespread Liquidations in Crypto Markets

A recent drop in the value of Bitcoin has led to a significant increase in liquidations across cryptocurrency markets.

According to data from CoinGlass, over $505 million in leveraged positions were wiped out in just 24 hours, with Bitcoin accounting for $232 million and Ethereum for $126 million.

The decline was triggered by policy uncertainty stemming from fluctuations in U.S. tariff policy and rising geopolitical risks.

Tim Sun, a senior researcher at HashKey Group, attributes the downturn to these factors rather than any sudden 'black swan' event or unexpected negative news.