"Concerns Rise from Trump's Actions... Altcoin Recovery to Take at Least 2 Months"

Son Min

Summary

It was reported that concerns about a trade war are growing due to President Donald Trump's tariff policies.
It was stated that it will take at least 2 months for altcoins to recover their highs, based on past cases.
The significant scale of liquidation in the cryptocurrency futures market was emphasized.

Amid growing fears of a trade war due to U.S. President Donald Trump's tariff policies, it has been suggested that it will take more than two months for the altcoin market to recover.

On the 4th (local time), cryptocurrency analyst Matthew Hyland stated on X, "It will take at least two months for altcoins to recover their December highs," explaining that "this is due to the largest liquidation in the history of the cryptocurrency market caused by trade war concerns."

He further mentioned, "Even in cases like COVID-19, the Terra·Luna incident, and the FTX bankruptcy, it took more than two months for the altcoin market to recover," adding, "Expectations should be lowered, and it should be anticipated that it will take time."

Meanwhile, Ben Zhou, co-founder of Bybit, reported that "on the 3rd (local time), $2.1 billion was liquidated on Bybit alone," and "the total cryptocurrency futures liquidation amount is expected to be at least $8 to $10 billion."