2026-01-20 04:35:04

In mid-January, the global financial markets experienced a series of dramatic adjustments. Trade tensions between the US and Europe suddenly escalated, market risk appetite plummeted, and cryptocurrencies were hit hardest. Bitcoin and Ethereum collectively plunged, with many retail and institutional leveraged positions instantly liquidated.

How intense was the change in trade dynamics? On January 17, the US announced a 10% import tariff increase on eight European countries including Denmark, Germany, and France. Even more severely, there are plans to raise tariffs to 25% before June. These measures are directly related to the dispute over Greenland. Europe naturally did not sit idly by; the EU responded swiftly, preparing retaliatory tariffs totaling approximately 93 billion euros, leading both sides into a vicious cycle of trade confrontation.

How did the market react to all this? Words like "rapid" and "violent" hardly do justice. Investors' risk appetite sharply declined, with large amounts of capital fleeing risk assets like cryptocurrencies and shifting into traditional safe havens such as gold. The bullish forces in the crypto market suffered heavy blows, and panic spread.

According to the latest data from CoinGlass, the global crypto market liquidation in the past 24 hours was staggering: 82,904 traders were liquidated, with a total amount of $108 million. The largest single liquidation occurred on a major exchange's ETHUSDT trading pair, valued at $2.8831 million. This figure vividly illustrates how dangerous high leverage positions can be amid extreme volatility.

BTC-4,47%

ETH-7,68%

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NeverVoteOnDAO

· 11h ago

Greenland can even spark a trade war, as long as retail leverage is still alive, it's considered a win Another wave of retail harvesting, institutions have already run early and started bottom fishing 930 billion euros in counter-tariffs? We are just here to accompany these big shots in crypto A liquidation of 2.88 million, luckily it’s not me 😅 This wave of decline has really taught greedy people a lesson, leverage is truly a poison Playing with leverage is not as good as just accumulating coins, at least it guarantees better sleep quality Risk appetite drops sharply, crypto is hit hardest, this is the fate of non-mainstream assets $108 million liquidation, and this is only the first day, there’s more to come... US-Europe quarrel, our wallets are suffering, a classic case of innocent bystanders getting caught in the crossfire

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GateUser-addcaaf7

· 19h ago

Oh no, it's the same old script... tariffs, liquidations, rug pulls, cycle repeats --- 84,000 people liquidated? I just want to know who the hell dares to leverage in this situation --- Greenland? I seriously doubt this is a smoke screen; the real reason is not that at all --- 930 billion euros in counter-tariffs... these two are starting to hurt each other, the crypto circle is the first to suffer, and it's well deserved --- 2.88 million in a single liquidation? That kind of move... really "brave" --- Madmen say every day that the bull market is coming, so what do we say now? --- Gold as a safe haven and the crypto circle taking losses, this logic will never change --- Just want to ask if anyone is bottom fishing, or are they all scared silly --- US and Europe are waging a trade war, crypto gets blamed, this is a bit ridiculous --- 108 million liquidated in one day... can we see a hundredfold gain by the end of the year? Haha

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GasGasGasBro

· 19h ago

Again? Greenland can also be linked to a trade war, this game is really big, we're just following along to be sacrificed Leverage positions exploded by over 100 million, luckily I had already liquidated, otherwise today I’d be drinking northwest wind Who profited from this drop? It’s definitely those institutions, retail investors should just pay tuition, really 930 billion euros in retaliatory tariffs? The tug-of-war is about to begin, the crypto market will probably keep falling in the next couple of days Why do we always get hit? Traditional finance is very stable, after all A single trade of $2.88 million exploded? Some exchanges are really just fee machines, I suggest everyone avoid high leverage Before the tariffs reach 25%, there are 5 months left. Should I stockpile gold or stablecoins? Honestly, I just don’t understand

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DaoTherapy

· 19h ago

Oh, it's the leverage again causing trouble. 2.88 million USD disappeared in an instant. How heartbreaking. When the trade war broke out, cryptocurrencies also fell into chaos, still the same old trick. The Greenland issue has escalated, now even the crypto circle is following to be sacrificed? A retaliation of 93 billion euros, Europe is really going all out this time. Over 82,900 liquidations, lucky I didn't use leverage, it was terrifying. My God, a one-hour drop like this, is anyone still buying the dip? This wave of decline has knocked out all high-risk assets, truly the king of safe havens. Retail investors suffered the most; institutions have already run away, always the same story. How come there are still people willing to hold positions at this time? Such courage. The ripple effects of traditional finance have also affected the crypto world; there's no escaping. It seems necessary to lower leverage ratios; risk is no joke. The Greenland issue has escalated to this level... who would have thought? 1.08 billion USD evaporated in a day—that's the price of volatility.

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PriceOracleFairy

· 19h ago

ngl the greenland tariff escalation caught everyone sleeping... 82k liquidations in 24h is just *chef's kiss* market entropy at work. curious how many were overleveraged eth longs that didn't see the correlation breakdown coming. correlation != causation but liquidity dynamics don't lie fr

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GasDevourer

· 19h ago

Damn, another liquidation. Leverage is really a poison. They can even drag Greenland into a trade war; this is a big game. 82,904 people are being sacrificed together; this wave of liquidation is pretty fierce. Fortunately, I sold everything early; watching others get liquidated feels a bit satisfying. Tariffs raised to 25%? The crypto world is about to kneel. The really bold ones are probably lying in hospital beds. Let's wait and see if we can catch a bottom. Can we do it this time?

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MetaEggplant

· 19h ago

Here we go again... Trade wars together, and crypto gets the blame. --- 1 billion liquidation? Damn, those numbers are crazy. --- All high leverage traders should be cleared out. Isn't it better to just hold spot? --- Greenland ?? Really fighting a trade war for this? Ridiculous. --- If I had known, I wouldn't believe in bottom-fishing. This wave is a total loss. --- 930 billion euros in retaliation... Both sides really need to get serious. --- That's why I never use leverage, it’s terrifying. --- Retail investors are being cut again, I’m just watching. --- Gold is now a safe haven, but crypto really can’t hold up. --- 25% tariffs? Before June? There’s still hope after that.

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LowCapGemHunter

· 19h ago

Damn, another trade war? We haven't even recovered yet, and the crypto world is exploding. A $100 million liquidation, outrageous, this is the result of playing with leverage. Is Greenland really necessary? It’s causing chaos in the global financial markets, retail investors are the most unlucky. 930 billion euros in countermeasures... The EU is really angry this time. Where’s the safe haven they promised? Gold hasn’t even risen much. 82,904 people liquidated, this number looks heartbreaking, I wonder how many others had to cut losses. And that single liquidation of $2.88 million, bro must be sleepwalking, still daring to play with ETHUSDT like this. Tariffs raised to 25%? The Americans really dare to say that, now the whole world has to shake. It’s high time to ban leverage over 10x, what era are we still doing this? Alright, alright, it’s going to fall again. I’ll just keep mining small coins and wait for a turnaround. Risk appetite is plummeting, this is when macro forces crush micro, no way around it.

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