
BITWU.ETH 🔆|2月 23, 2026 02:22
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.
Timeline