In the past 24 hours, over $2.24 billion was liquidated from cryptocurrency markets as geopolitical tensions escalated due to the global tariff war. Ethereum (ETH) was at the forefront of this market downturn, causing liquidations exceeding $609.9 million. A total of 730,000 traders faced liquidations, with the largest single order on Binance for the ETH/BTC trading pair valued at $25.6 million. A significant 36.8% of these liquidations occurred on Binance, reflecting its large user base. Long traders suffered the most, losing $1.88 billion, which represented 84% of the total liquidations, indicating a widespread expectation of a forthcoming bull run. Furthermore, following U.S. tariffs announced by President Donald Trump, major altcoins like ETH and Cardano experienced significant declines in value. Market sentiment has shifted towards 'fear,' suggesting investors are becoming apprehensive. Historically, this sentiment often serves as a buying opportunity for many in the crypto space.

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