Bitcoin Spike to $90K Boosts Crypto Liquidations Above $1 Billion as Trump Dumps Tariffs

Bitcoin (BTC) shattered expectations early Thursday, surging past the $90,000 threshold in a rapid, policy-fueled rally. This unprecedented price movement triggered extreme volatility across decentralized exchanges, culminating in over $1 billion in leveraged positions being liquidated within a 24-hour window, according to blockchain data trackers.

The primary catalyst for this massive market influx appears to be the shock announcement from former President Donald Trump regarding the immediate dismantling of key trade tariffs implemented during his previous term. Market analysts quickly interpreted the move as a significant de-escalation of global trade tensions, pumping liquidity directly into high-risk assets like cryptocurrencies, traditionally seen as hedges against geopolitical uncertainty.

The rapid ascent saw BTC gain nearly 15% in a single day, moving rapidly through psychological resistance levels at $85,000 before settling momentarily above the $90,500 mark. The speed of the move indicated a confluence of aggressive institutional buying pressure and retail FOMO (Fear of Missing Out).

This historic liquidation cascade was overwhelmingly driven by short positions caught completely off guard. Data shows approximately 85% of the liquidated value—around $850 million—belonged to traders betting against the upward momentum. The remaining liquidations were high-leverage long positions wiped out by minor, rapid counter-dips that often follow parabolic moves. This volume underscores the extreme leverage currently deployed in the derivatives market.

While the $90,000 milestone cements Bitcoin’s position as a leading global asset, analysts caution that the market remains highly susceptible to policy shifts and profit-taking. The next immediate target remains the elusive six-figure valuation of $100,000, but sustained price stability will depend heavily on the permanence of the new tariff-free global trade environment.

Source: Bitcoin Spike to $90K Boosts Crypto Liquidations Above $1 Billion as Trump Dumps Tariffs