Just yesterday I said, 'After staying flat for so long, it feels like a big move is coming soon.' Well, damn, didn’t expect it to be downward! BTC tanked 5% today, with $120 million in liquidations across the market. The main reasons are: 1) The Trump administration suddenly announced raising global tariffs from 10% to 15%, triggering a surge in risk-off sentiment and causing a drop linked to U.S. stock futures. 2) Publicly-listed mining company Bitdeer (比特小鹿) announced a full liquidation. Although founder Jihan Wu stated, 'Clearing out doesn’t mean we’re bearish,' the market interpreted it as miners being forced to cash out under price pressure.