Bitcoin Sees Largest Long Liquidation of Current Bull Cycle Amid Market Volatility
The cryptocurrency market recently experienced a significant event as Bitcoin ($BTC) witnessed its largest long liquidation in the current bull cycle. On April 6, approximately 7,500 BTC in long positions were liquidated in a single day, underscoring heightened market volatility. This development comes amid broader macroeconomic uncertainty, which may have contributed to the sharp price movements. Despite the liquidation, reports indicate that large players are continuing to accumulate Bitcoin, suggesting ongoing institutional interest in the asset.
7,500 $BTC Liquidated in Biggest Long Liquidation of This Cycle
The crypto market has recently seen a significant liquidation in Bitcoin ($BTC). On April 6, the biggest long liquidation of this bull cycle occurred, with approximately 7,500 Bitcoin in long positions being liquidated in a single day. This event highlights the increased volatility across the crypto market. The wider macroeconomic uncertainty may have contributed to this market movement.
Big Players Accumulate Bitcoin Amid Market Turmoil
Bitcoin is currently undergoing one of the most aggressive corrections ever seen during a bull market, not just in terms of price but also in investor sentiment. Panic, confusion, and fear dominate the landscape as investors question the bull cycle’s integrity. The steep drop in price, coupled with relentless volatility, has rattled even the most seasoned traders. Macroeconomic tensions, including escalating trade disputes, rising inflationary pressures, and concerns about a global recession, are impacting both traditional and digital asset classes.
Trump Hikes China Tariffs to 125%, Bitcoin Up 5.6%
Global markets responded sharply after President Donald Trump announced a major escalation in his trade stance toward China, hiking tariffs on Chinese imports to 125% effective immediately. At the same time, he granted a 90-day delay for new tariffs on imports from other countries. More than 75 nations have engaged with U.S. trade. Bitcoin is trading at $81,636, up 5.6% in 24 hours following the announcement.
Bitcoin approaches critical $63K support
Bitcoin nears a critical $63K support level, risking a break in its four-year price pattern. A drop below this level may rattle long-term holder conviction and usher in a period of heightened volatility. Investors are watching closely for signs of resilience or breakdown as this moment could prove critical in shaping Bitcoin’s next major move.
China Hits Back With 84% Tariffs on U.S. Goods, Bitcoin Drops
China’s latest tariff hike, from 34% to 84% on U.S. imports, is in direct response to the U.S. imposing higher tariffs on Chinese goods. This escalation caused a sharp drop in Bitcoin’s value, falling below the critical $76,000 mark. Markets reacted to fears of a prolonged trade conflict, leading to heightened volatility in both traditional and crypto markets. Investors are concerned about the potential for an extended trade war.
