One of the largest crashes in history has occurred. Position at 2.27 billion dollars was liquidated.

SO WHY?
The reason lies in macroeconomics. We were excited about Trump's entry into the crypto world, but something happened that no one expected. Trade wars between the US and China. This time it is escalating decisively. World trade war
Trump first said that Canada, which we feed, should become our 51st state, or else we face a serious tariff. Then he said something similar about Mexico. He invited Greenland and said we should raise tariffs for China.
So, does the USA only buy products from these countries, that is, only import? No. The latest data on US foreign trade is available for 2023.
According to data for the year 2023:
Export: $2.05 trillion
Import: $3.1 trillion
External trade deficit: $1.05 trillion
The largest import and export is carried out with the same three countries: China, Canada and Mexico
What is a customs fee; If you are importing goods into my country, I am going to collect additional money from you in the form of a duty (. In this case, countries that engage in imports say that we are also imposing duties on you as a countermeasure. If these things become a reality, global trade will become significantly more complicated. For example, if large multinational companies go bankrupt due to high customs duties, it could create a chain effect worldwide ), in my opinion, it is unlikely ( )
What can we do in the cryptosphere?
Nothing. We're just burying our heads in the sand and waiting. All serious cryptocurrency rallies have always taken place in February. So such a big drop could be a big opportunity for survivors.