The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened.<\/p>\n
Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the lion\u2019s share (nearly $790 million). The total number of liquidated traders has skyrocketed to just shy of 250,000, according to data from CoinGlass.<\/p>\n
<\/a>Liquidation Data on CoinGlass<\/p>\n Recall the latest developments on the trade war front between the so-called allies. US President Donald Trump has insisted that his country\u2019s national security relies on the \u201ccomplete acquisition\u201d of Greenland, which is under Denmark\u2019s control.<\/p>\n Following weeks of building tension, eight countries from the EU sent a handful of soldiers to the island for a reconnaissance mission. Trump responded<\/a> immediately with a new set of 10% tariffs against all eight, starting from February 1.<\/p>\n The EU held<\/a> an emergency meeting, while French President Macron reportedly pushed<\/a> for the activation of a so-called anti-coercion instrument known as a \u201ctrade baooka,\u201d which has never been used before and would limit America\u2019s access to European Markets.<\/p>\n The US spot markets will remain closed today as it\u2019s MLK Day. However, Asian markets slid<\/a> on Monday morning, and so did the greenback against the yen and the Swiss franc. US futures also dropped by up to 1.3% in the case of Nasdaq futures.<\/p>\n As mentioned above, BTC\u2019s price headed south earlier this morning, currently struggling to remain above $92,500. At the same time, gold exploded once again to yet another all-time high.<\/p>\n Gold vs Bitcoin right now <\/p>\n I love this industry pic.twitter.com\/wviLVKR0uj<\/a><\/p>\n \u2014 Travis Connors (@TravConnors) January 18, 2026<\/a><\/p>\n\n The post BTC Crashes Below $92K as Liquidations Surge Toward $900M on US\u2013EU Trade War Escalation<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened. Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the […]<\/p>\n","protected":false},"author":0,"featured_media":128088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128087"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128087"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128088"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Liquidation Data on CoinGlass<\/p>\nRecall the latest developments on the trade war front between the so-called allies. US President Donald Trump has insisted that his country\u2019s national security relies on the \u201ccomplete acquisition\u201d of Greenland, which is under Denmark\u2019s control.<\/p>\nFollowing weeks of building tension, eight countries from the EU sent a handful of soldiers to the island for a reconnaissance mission. Trump responded<\/a> immediately with a new set of 10% tariffs against all eight, starting from February 1.<\/p>\nThe EU held<\/a> an emergency meeting, while French President Macron reportedly pushed<\/a> for the activation of a so-called anti-coercion instrument known as a \u201ctrade baooka,\u201d which has never been used before and would limit America\u2019s access to European Markets.<\/p>\nThe US spot markets will remain closed today as it\u2019s MLK Day. However, Asian markets slid<\/a> on Monday morning, and so did the greenback against the yen and the Swiss franc. US futures also dropped by up to 1.3% in the case of Nasdaq futures.<\/p>\nAs mentioned above, BTC\u2019s price headed south earlier this morning, currently struggling to remain above $92,500. At the same time, gold exploded once again to yet another all-time high.<\/p>\nGold vs Bitcoin right now <\/p>\nI love this industry pic.twitter.com\/wviLVKR0uj<\/a><\/p>\n\u2014 Travis Connors (@TravConnors) January 18, 2026<\/a><\/p>\n\nThe post BTC Crashes Below $92K as Liquidations Surge Toward $900M on US\u2013EU Trade War Escalation<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened. Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the […]<\/p>\n","protected":false},"author":0,"featured_media":128088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128087"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128087"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128088"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-19-092337.png\"){kind=link}