Immediately after the Trump–Xi Jinping meeting, $150 million in virtual asset long positions were liquidated
Suehyeon Lee
Summary
- Large-scale long position liquidations were reported in the virtual asset market immediately after the Trump–Xi Jinping summit.
- In particular, the liquidation size was reported to be large in the Bitcoin (BTC) and Ethereum (ETH) futures markets.
- Analysts said this liquidation was a 'sell-on-news' phenomenon, with chain liquidations occurring due to profit-taking selling immediately after the summit.
Large-scale liquidations occurred across major exchanges following the summit between U.S. President Donald Trump and Chinese President Xi Jinping.
On the 30th (local time), according to Watcher Guru, about $150 million (about 213.8 billion won) in long positions were forcibly liquidated in the virtual asset (cryptocurrency) market immediately after the meeting between Trump and Xi.
In particular, the liquidation size was large in the Bitcoin (BTC) and Ethereum (ETH) futures markets. Analysts say this liquidation is a typical 'sell-on-news' phenomenon, reporting that "chain liquidations occurred as profit-taking selling poured into the market immediately after the summit."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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