Crypto Chaos: Trump’s Tariffs Trigger $900B Wipeout! 🤑💥

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Oh, the glorious world of cryptocurrency, where fortunes rise and fall faster than a chocolate cake at a Roald Dahl feast! 🍰💨 The past day has been a rollercoaster of tears, tantrums, and triumphant giggles, all thanks to the ever-volatile crypto market. While some traders were left sobbing into their screens, others were cackling like witches with freshly baked profits. 🧙‍♀️💰

In a mere 12 hours, the market decided to play a game of “let’s vanish $900 billion, shall we?” 🪄 Poof! Just like that, the capitalization went from a whopping $4.120 trillion to a measly $3.3 trillion. Months of gains? Gone. Vanished. Kaput. But fear not, dear readers, for it bounced back to $3.670 trillion by the time the ink dried on this tale. 📈✨

Crypto Market Meltdown Chart

What in the World Happened? 🤔

Ah, the crypto community, a bunch of armchair detectives with more theories than a Dahl novel! 🕵️‍♂️ When the market crashes, everyone becomes an expert, pointing fingers and whispering secrets. This time, the culprit? None other than the orange-hued maestro himself, Donald Trump. 🍊 Yes, the POTUS decided to spice things up by accusing China of mischief and threatening tariffs. Surprise, surprise! 🌶️

But wait, there’s more! The Kobeissi Letter chimed in, claiming the market was “LOOKING for a reason to correct.” Leverage? Through the roof! A 2% decline in the S&P 500? Unseen for six months! Trump’s tweet? The perfect excuse to send everything tumbling. 📉

The blatant reality:

Heading into President Trump’s 100% China tariff announcement, markets were LOOKING for a catalyst to pull back on.

Leverage was through the roof and we had not seen a 2%+ decline in the S&P 500 for 6 months.

President Trump’s post became THE REASON to…

– The Kobeissi Letter (@KobeissiLetter) October 11, 2025

And then there’s the mystery of the ancient Bitcoin wallet. 🧙‍♂️ One of the oldest wallets, wiser than a centenarian, opened massive short positions on BTC and ETH just before the chaos. Result? A cool $200 million profit in a day. Retail-driven dump? Pfft. This felt structural, like a fund unwinding positions faster than a child devouring a jar of fudge. 🍫💨

What’s Next? 🔮

Now, the million-dollar question: What happens next? The crypto crowd, ever optimistic, is shouting “Buy the dip!” 🛒💎 They believe this crash is just a hiccup before the next big rally. History, they say, repeats itself. Remember the COVID crash? BTC plummeted to $4,000 and then soared like a phoenix. 🦅

“So yes, the headlines scream Market Crash. But zoom out the structure didn’t break. It just reset. The whales already took their entry. Retail panic is peaking. And history says, that’s exactly when the next leg begins,” said Bull Theory.

But Crypto Bully paints a gloomier picture. If Trump sticks to his tariffs, it’s not a V-shaped recovery. Instead, alts will bleed, filling those 50-70% wicks before any reversal. 😱

“- Unless Trump changes his statements immediately on Monday, this will not be a V reversal. Most alts with 50-70% wicks will bleed down and fill them or partially fill it before reversal.”

A Word of Wisdom 🧠

Amidst the chaos, Cobie offers a golden nugget of advice: Avoid leverage like it’s a giant, man-eating peach! 🍑 Leveraged positions can wipe out years of gains faster than you can say “Oompa Loompa.” Instead, focus on the long game. Build a portfolio of assets you truly believe in, and steer clear of speculative tokens chasing hype. 🌟

“When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end. Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.”

So, dear readers, as the crypto market continues its wild dance, remember: Stay calm, avoid the fudge, and keep your eyes on the prize. After all, in the world of crypto, the only thing certain is uncertainty. And that, my friends, is the greatest adventure of all! 🚀✨

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2025-10-11 10:54