The crypto market faced a sharp selloff overnight as renewed trade conflict 
fears between the United States and the European Union shook global risk 
sentiment. Bitcoin and major altcoins reversed recent gains, with traders 
reacting to fresh tariff headlines and the possibility of escalating economic 
retaliation on both sides of the Atlantic. While crypto is often viewed as a 
separate market, this move once again showed how quickly digital assets can 
behave like high-beta risk trades when macro uncertainty spikes. Related 
Reading: Monero Triggers Retail Alert That Preceded ZEC And DASH Drops As 
Privacy Coin Hype Returns According to analyst Darkfost, the liquidation 
impact was immediate and aggressive. More than $800 million worth of leveraged 
positions were wiped out in a matter of hours, including roughly $768 million 
in long liquidations. The scale of long closures suggests that traders were 
positioned for continuation to the upside, but were caught offside as prices 
rolled over sharply. What stood out most was where the damage occurred. 
Darkfost noted that Hyperliquid recorded the largest share of forced 
liquidations, with $241 million, while Bybit followed closely with $220 
million. The wave of liquidations appears partly tied to the announcement of 
new tariffs targeting Europe, which triggered an equally fast response from EU 
policymakers, reigniting the broader “trade war” narrative across markets. CME 
Opens the Door to Fresh Volatility Darkfost warns that the timing of this 
selloff matters as much as the liquidation size. As soon as CME trading 
opened, Bitcoin saw a sharp downside move, suggesting that institutional flows 
and macro-linked positioning played a direct role in the shakeout. In past 
risk-off episodes, the CME open has often acted like a volatility trigger, 
especially when markets are already fragile, and leverage is elevated across 
major exchanges. This is why the next few hours are critical. The same type of 
move could easily repeat at the opening of the US markets, where liquidity 
conditions and headline sensitivity tend to amplify reactions. If sellers 
press again, the market could see another cascade of forced closures, 
particularly in high-beta altcoins that remain vulnerable after the overnight 
wipeout. Related Reading: XRP Whale Inflows To Binance Hit Their Lowest Level 
Since 2021: Accumulation Behavior? The message is straightforward: stay 
cautious and avoid overexposure to leverage while the macro backdrop remains 
unstable. Liquidations can create sharp bounces, but they can also reset 
momentum quickly if fear spreads across risk assets. Darkfost adds that 
attention should remain on incoming political updates. The market is now 
trading the narrative, not just the chart. Further statements could arrive at 
any moment, and as history has shown, Trump often delivers market-moving 
headlines right in the middle of the weekend. Bitcoin Holds Fragile Rebound As 
Crypto Tests Macro Nerves Bitcoin is trading near $93,100 after a sharp 
rejection from the $96,000–$97,000 supply zone. The chart shows BTC still 
struggling below key moving averages, with momentum capped by the declining 
blue trendline overhead. This reinforces the idea that the latest upside 
attempt was more of a rebound than a clean trend reversal. Structurally, price 
is forming higher lows after the violent breakdown from the $110,000 area. 
However, the rebound remains vulnerable as long as BTC stays trapped beneath 
resistance and fails to reclaim the mid-$90,000s with conviction. The recent 
candles also highlight hesitation, with wicks suggesting aggressive selling 
into strength. Related Reading: Bitcoin Bull Score Hits Level Seen Only 7 
Times In 6 Years – A Rare Historical Signal The red long-term moving average 
is rising near the low-$90,000s, acting as a potential dynamic support zone. 
If Bitcoin holds above that level, it keeps the recovery structure intact and 
prevents a deeper reset toward prior liquidity pockets. This matters for the 
broader crypto market. When BTC remains range-bound under resistance, altcoins 
usually struggle to sustain rallies and become more sensitive to liquidation- 
driven volatility. Risk appetite can return quickly, but it requires Bitcoin 
to break above resistance and hold. Until then, crypto remains in a fragile 
stabilization phase, not a confirmed bullish continuation. Featured image from 
ChatGPT, chart from TradingView.com

Trade War Headlines Trigger $800M In Liquidations Overnight: Longs Get Wiped Out Across Crypto Markets

Bitcoin price started a fresh decline below $94,000. BTC is consolidating 
losses and remains at risk of more losses if it dips below $91,500. Bitcoin 
started a sharp decline below $94,000 and $93,000. The price is trading below 
$93,000 and the 100 hourly Simple moving average. There is a bearish trend 
line forming with resistance at $94,600 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might continue to move down if it stays 
below the $94,000 zone. Bitcoin Price Turns Red Bitcoin price failed to stay 
above the $93,500 support and started a fresh decline. BTC declined sharply 
below the $93,000 and $92,500 support levels. The bears even pushed the price 
below $92,000. A low was formed at $91,866, and the price is now consolidating 
losses. There was a minor recovery wave above the 23.6% Fib retracement level 
of the recent decline from the $95,475 swing high to the $91,866 low. However, 
the bears remained active near $93,200. Besides, there is a bearish trend line 
forming with resistance at $94,600 on the hourly chart of the BTC/USD pair. 
Bitcoin is now trading below $93,000 and the 100 hourly Simple moving average. 
If the price remains stable above $92,000, it could attempt a fresh increase. 
Immediate resistance is near the $92,800 level. The first key resistance is 
near the $93,200 level. The next resistance could be $93,650 or the 50% Fib 
retracement level of the recent decline from the $95,475 swing high to the 
$91,866 low. A close above the $93,650 resistance might send the price further 
higher. In the stated case, the price could rise and test the $94,000 
resistance. Any more gains might send the price toward the $94,500 level. The 
next barrier for the bulls could be $95,000 and $95,500. Downside Break In 
BTC? If Bitcoin fails to rise above the $93,650 resistance zone, it could 
start another decline. Immediate support is near the $92,000 level. The first 
major support is near the $91,800 level. The next support is now near the 
$91,200 zone. Any more losses might send the price toward the $90,500 support 
in the near term. The main support sits at $90,000, below which BTC might 
accelerate lower in the near term. Technical indicators: Hourly MACD – The 
MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – 
$92,000, followed by $91,800. Major Resistance Levels – $93,650 and $94,000.

Bitcoin Price Action Turns Unsteady, Downside Threat Grow

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dollar and looming stagflation, while bitcoin faces a sharp reckoning as its 
digital gold narrative falters, economist Peter Schiff warned. Peter Schiff: A 
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principles for regulatory acceptance, potentially stifling innovation.
The post Charles Hoskinson criticizes Ripple CEO Brad Garlinghouse for backing 
flawed CLARITY Act appeared first on Crypto Briefing.

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