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Bitcoin Slips Under $104K as U.S.-China Trade Clash Triggers Over $800M in Liquidations

Heavy losses on leveraged positions reflect growing derivatives market stress ahead of an anticipated rebound to fresh highs.

BITCOIN
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dogecoin Ethereum liquidations solana Markets bitcoin Breaking Push XRP
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Overview

  • Bitcoin traded around $103,600 on May 31 after President Trump doubled tariffs on Chinese steel and aluminum, reigniting trade tensions.
  • More than $800 million in leveraged crypto positions were liquidated over 24 hours, with over 89 percent of liquidations tied to long bets.
  • Ether, XRP, Solana and Dogecoin each posted declines between 3 percent and 8 percent, boosting Bitcoin’s market dominance above 64 percent.
  • Futures open interest jumped 51 percent since April and options volume surged 126 percent, signaling heightened market caution.
  • Institutional inflows into spot Bitcoin ETFs exceeded $430 million in May, and analysts forecast a temporary downturn toward $100,000 before Bitcoin resumes its uptrend to new highs.