November 14 2025
Crypto investors who were banking on Bitcoin’s continued rise recently got a sharp reminder of the market’s risks. Donald Trump’s recent tariff threats caused a sharp drop in crypto prices, leading to the liquidation of more than $300 million in leveraged derivatives positions on central exchanges in four hours, data from CoinGlass shows.
Nearly all of the liquidations were long positions — a bet on higher prices. Of the total liquidations, a whopping $107 million came from BTC longs, with Ethereum’s ether following with nearly $87 million. Other tokens like Solana’s SOL, Dogecoin and SUI saw liquidations ranging from $10 million to $18 million. It was a brutal shock to those who thought they were safe.
“A nice, collective outflow of long leverage and de-risking from the spot market,” noted crypto trader Skew said in a post on X. “Once again, completely driven by current events.” The selloff followed Trump’s proposed 50% tariff on imports from the European Union, along with a 25% tariff on iPhones manufactured outside the US. The announcement rekindled fears of an escalation of the trade war.
As a result, BTC and major alternative coins such as Ether, XRP and Cardano by 3% to 4%, while smaller tokens like Uniswap and SUI even dropped by 5% to 7% in the past 24 hours.
Crypto trader James Wynn recently gained attention by opening a massive $1,1 billion long position in BTC with 40x leverage on the Hyperliquid exchange. Unfortunately, he too was affected by the market movements and is currently sitting on $7,5 million in unrealized losses. The position could be liquidated if BTC drops below $102.000, according to a screenshot shared on X.
Notably, the long liquidations came amid a recent unusual shift toward shorting BTC derivatives despite record prices. This raises questions about sentiment among crypto investors. Are you still considering rebalancing your position in these uncertain times? “Sometimes the market says more in silence than in the words we speak.”
The dynamics of the crypto market remain unpredictable, but that is also what makes it so fascinating. Keep your eyes open and be prepared for what is coming. The world of cryptocurrency offers opportunities for those who dare to trade, but pay attention to the signals!
Why are there so many liquidations in the crypto market?
The liquidations often result from sudden price movements, often driven by news or economic reports, such as Trump's recent tariff threats.
What are long and short positions?
Long positions are bets on rising prices, while short positions are bets on falling prices. Both strategies involve risks.
How can traders protect themselves from liquidations?
Traders can manage their risks by using less leverage and setting stop-loss orders so that they automatically sell when a certain price is reached.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
