Market Shakeup: Massive Liquidations Follow Trump’s Crypto Reserve Announcement
The cryptocurrency market witnessed an unprecedented wave of liquidations totaling nearly $1 billion in the past 24 hours, triggered by President Trump’s shocking announcement of a new Crypto Strategic Reserve. This dramatic market movement has led to one of the largest liquidation events of 2025, affecting both long and short positions across major cryptocurrencies.
Trump’s Announcement Sparks Market Volatility
The catalyst for this market turbulence came through Trump’s Truth Social platform, where he unveiled plans for a Crypto Strategic Reserve including five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The announcement, which sent Bitcoin surging to $95,000, caused a ripple effect throughout the entire crypto market.
By the Numbers: Liquidation Analysis
- Total Liquidations: $971 million
- Short Positions Liquidated: $558 million (57%)
- Long Positions Liquidated: $412 million (43%)
- Bitcoin Liquidations: $353 million
- Ethereum Liquidations: $182 million
Price Impact Across Major Cryptocurrencies
The market response has been dramatic across all major cryptocurrencies:
- Bitcoin: +8% (Peak: $95,000, Current: $92,800)
- Ethereum: +6% (Peak: $2,550, Current: $2,360)
- XRP: +17%
- Solana: +13%
- Cardano: +48%
Market Expert Analysis
“This liquidation event demonstrates the significant impact of political announcements on crypto markets,” says Sarah Chen, Chief Market Analyst at CryptoView Research. “The combination of Trump’s announcement and the subsequent price action created a perfect storm for both long and short traders.”
Looking Ahead: Market Implications
The market’s reaction to Trump’s Crypto Reserve announcement suggests a potential shift in institutional attitudes toward cryptocurrency. With major political figures now openly embracing specific cryptocurrencies, analysts predict continued volatility as markets adjust to this new paradigm.
Source: CoinGlass