Bitcoin Risks $1.3B Liquidation as Trade War Fears on the Horizon
Bitcoin faces potential liquidations exceeding $1.3 billion if it drops below the critical $93,000 support level, driven by escalating U.S.-China trade war concerns. Currently trading at $95,960, Bitcoin slipped below $100,000 after new import tariffs rattled market sentiment. Analysts, including Bitget’s Ryan Lee, warn that falling under $90,500 could trigger bearish trends. While short-term risks loom, DFG’s James Wo suggests Bitcoin may benefit long term as a hedge against fiat devaluation. The delayed meeting between Trump and Xi Jinping adds further uncertainty, influencing Bitcoin’s near-term price trajectory. We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?