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Over $48B liquidated since U.S.–China tariff announcement Over $48B has been liquidated across the crypto market since October 10 following the U.S.–China tariff announcement. A series of macro-driven shocks — rising trade tensions, Bitcoin ETF outflows, and aggressive deleveraging — pushed markets into risk-off mode, where volatility quickly turned into forced liquidations. Follow us to be on top of crypto: TG | Chat | X