Bitcoin Faces $1.3 Billion Liquidation Risk Amid Trade War Concerns

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Bitcoin's price has fallen below $100,000 for the first time since early February, primarily due to escalating trade tensions between the United States and China. On February 4, the U.S. government announced new tariffs on Chinese imports, which negatively impacted market sentiment, pushing Bitcoin's price down. Analysts warn that if Bitcoin does not maintain its key support level at $93,000, it could trigger liquidations amounting to $1.3 billion in leveraged long positions across various cryptocurrency exchanges, as noted by Ryan Lee, chief analyst at Bitget Research.

Experts suggest that the trade war could cause temporary downward pressure on Bitcoin's price, yet it may also increase demand for the cryptocurrency as a hedge against inflation, according to James Wo, CEO of DFG. Bitcoin, historically viewed as a store of value, could attract investors as confidence in traditional currencies wanes. Market volatility persists amid anticipation of an upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping on February 11, which was recently reported as delayed.

Currently, Bitcoin hovers around $96,081, as investors closely monitor market dynamics and sentiment.

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