Global markets were shaken over the weekend after an unexpected flare-up in U.S.-China trade tensions. President Trump accused China of trying to sway markets through sweeping export controls on rare earth materials. Hours later, the White House responded with a 100% tariff on all Chinese imports and new restrictions on the export of critical software.

QCP’s latest market insights indicate that China has already notified several countries of planned export bans, covering key industrial inputs. The escalating rhetoric sparked a sharp risk-off reaction across global markets.

The Nasdaq dropped 3.5%, the S&P 500 fell 2.7%, and bitcoin plunged to $102,000 before a swift rebound above $112,000. Nearly $19 billion in leveraged crypto positions were liquidated, marking the largest single-day liquidation in the asset’s history.

The most severe movements appeared on Binance, where USDe crashed to $0.65, wBETH fell nearly 90% below parity, and BNSOL dropped over 80%. Traders suspect a possible coordinated exploit targeting the exchange’s pricing systems, coinciding with scheduled updates for those same assets.

At market opens on Monday, Oct. 13, policy risk remains high and liquidity thin, keeping traders cautious. For now, prices should stabilize, as markets await China’s response.

🧠 FAQ

• Why did global markets crash over the weekend?
  The sudden U.S.-China trade escalation triggered panic selling across stocks and crypto markets.
• What caused bitcoin’s record $19B liquidation?
  Rapid price swings and overleveraged positions led to mass liquidations as traders rushed to exit.
• How are analysts viewing the next market move?
  Experts expect short-term stabilization while awaiting Beijing’s official policy response.
• What should traders watch now?
  Keep an eye on China’s export control updates and any follow-up tariffs from the U.S.

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