史上最大爆仓，币圈血洗之夜，160万人惨遭清算

Core Viewpoint - The cryptocurrency market experienced a significant crash following Trump's threat to impose a 100% tariff on China, leading to massive losses for investors and a dramatic decline in asset values [1][5][27]. Group 1: Market Impact - Bitcoin plummeted from $122,000 to $103,900, a decrease of nearly 15%, while Ethereum fell from $4,363 to $3,468, a drop of 20% [1]. - The total forced liquidation of long positions in the cryptocurrency market reached approximately $19 billion within 24 hours, affecting over 1.6 million accounts [5][27]. - The stablecoin USDe, which was originally pegged to $1, dropped to as low as $0.65 during the crash, indicating a severe loss of stability [3][35]. Group 2: Investor Reactions - A tragic incident involved a Ukrainian cryptocurrency trader, who reportedly lost around $30 million and subsequently took his own life [6][8]. - Social media platforms were flooded with despair from over 2,000 cryptocurrency traders expressing suicidal thoughts after the market collapse [8]. - Many traders shared their experiences of shock and devastation, with some losing their entire life savings and expressing feelings of hopelessness [13][24]. Group 3: Trading Mechanisms - The use of high leverage in trading exacerbated losses, with some traders using up to 10x leverage, leading to total asset liquidation upon a 10% market drop [28][30]. - The Auto-Deleveraging (ADL) mechanism automatically liquidated positions when collateral values fell below borrowed amounts, resulting in widespread forced sell-offs [30][41]. - The crash highlighted the risks associated with perpetual contracts and high leverage, which can lead to rapid and catastrophic losses in volatile markets [31][43]. Group 4: Market Recovery - Following the initial crash, USDe quickly regained its peg to $1, and Bitcoin rebounded to $115,000, indicating a volatile recovery phase [27]. - Despite the losses, some investors viewed the situation as a buying opportunity, demonstrating the cyclical nature of market sentiment in the cryptocurrency space [52].