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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Trump’s tariffs trigger $486 million in crypto market liquidations

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In the past 24 hours, crypto markets witnessed $486.55 million in liquidations, involving over 157,000 traders. The largest single liquidation, valued at $11.97 million, occurred on Binance in the ETHUSDT pair.

crypto liquidations
Screengrab showing the total liquidations in the crypto market on Apr. 3, 2025 (Source: CoinGlass)

Data shows that most Bitcoin liquidations came from short positions on most exchanges, reflecting traders’ expectations of downward price moves. Bitmex, on the other hand, saw almost exclusively longs liquidated, indicating that most of its users had anticipated a rebound rather than a continued slide.

btc liquidations across exchanges
Table showing Bitcoin liquidations across exchanges on Apr. 3, 2025 (Source: CoinGlass)

During the past hour, $3.72 million in positions were liquidated, rising to $24.18 million over the four‐hour window. By 12 hours, liquidations stood at $339.92 million, eventually reaching $486.55 million for the whole day. This progression reveals that traders continue to be caught off guard by the price volatility.

The volatility in the crypto market, particularly Bitcoin and Ethereum, was caused by a broader sell‐off spurred by the Trump administration’s newly announced tariffs.

These tariffs target specific import categories to protect domestic producers, increase government revenue, and address perceived trade imbalances.

Implemented as a policy tool to gain negotiating leverage in international trade, the tariffs introduced uncertainty into the global financial landscape.

Equities markets dipped, and crypto followed suit as risk tolerance waned. Traders holding large or highly leveraged positions were susceptible to margin calls when prices fell, forcing many to exit abruptly.

The post Trump’s tariffs trigger $486 million in crypto market liquidations appeared first on CryptoSlate.

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