Bitcoin Risks $1.3B Liquidation as Trade War Fears on the Horizon
If Bitcoin escalates on the issue of the U.S.-China trade war, it will face a potential liquidation level of more than $1.3 billion. The current trading price is $95,960, and Bitcoin has dropped below $100,000 after new import tariffs are shaking market sentiment. Analysts, including Bitget’s Ryan Lee, warned that a $90,500 decline could trigger a bearish trend. While short-term risk looms, DFG’s James Wo shows that Bitcoin may benefit from a long-standing hedge for Fiat’s depreciation. The delayed meeting between Trump and Xi Jinping has added further uncertainty, affecting Bitcoin’s recent price trajectory.
