Bitcoin Today News: $600 million liquidated in 4 hours, Bitcoin price forecast to fall below $110,000Bitcoin's news today shocked the market, as Trump's threat of tariffs on China triggered $630 million in long positions getting liquidated within 4 hours, with BTC breaking the psychological barrier of $120,000. In the past four days, a total of $1.8 billion has been liquidated, and Bitcoin price forecasts indicate an increasing risk of false breakouts, with the technical support level at $111,000. If the dumping accelerates, it may test $107,000. Whether the ETF can maintain a net inflow of $6 billion for 9 consecutive days is crucial, the RSI has issued a sell signal, but the macro environment is still favorable for a rebound.
Trump's tariff threat ignites Bitcoin headlines today
The most feared opponent of traders — U.S. President Donald Trump — suddenly appeared in the cryptocurrency market today, triggering a large-scale liquidation event. As a result, Bitcoin (BTC) has fallen 4.2% in the past 7 days, instantly disrupting the originally normal correction rhythm.
$630 million long positions got liquidated in 4 hours
CoinGlass data shows that in just the past 4 hours, due to a surprising 2.5% fall in BTC, breaking below the key psychological level of 120,000 USD, long positions worth 630 million USD were liquidated. This flash crash caught high-leverage traders off guard, with most being forcibly liquidated before their stop losses were triggered.
Clearing data statistics:
4-hour liquidation: 630 million USD
24 Hour Liquidation
MarketWhisper·10m ago