🔥 The crypto market enters the Christmas season in the red
Over $255M in positions have been liquidated in just 24 hours, with nearly 80% coming from the Long side – indicating that leverage has been significantly swept.
The noticeable impacts right now:
• US stocks are rising sharply, gold and silver continue to reach new highs
→ Money is shifting towards traditional assets, causing a liquidity withdrawal from crypto.
• The US announces plans to impose tariffs on semiconductors from China, expected to take effect from 23/6/2027
→ Although the specific tariff rate will be announced at least 1 month in advance and is currently still 0%, this information is enough to raise concerns about a new round of tensions between the US and China.
• The effect before the Christmas holiday
→ Investors tend to reduce positions, withdraw capital, and decrease trading, leading to thinner liquidity and the market being more easily pushed in a negative direction.
$PIPPIN
