Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.
GM!
Today’s top news:
🧨 A Historic Flush: ~$19B in Crypto Liquidations
Friday wasn’t just a bad day for crypto.
It was the worst day in crypto’s existence.
And all due to a miscommunication at the highest level…
📌 What Happened
The crypto market saw the largest liquidation wave on record on Friday with ~$19B liquidated in 24 hours, as forced unwinds spanned exchanges and Perps protocols.
After President Trump threatened 100% tariffs on Chinese tech and tighter export controls, BTC slid from $118,000 to $101,000 in the span of a few hours.
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