Bitcoin's push toward $94K stalled at the weekly close. The selling pressure intensified as U.S. futures opened in the red, with trade tensions between the U.S. and EU weighing on risk sentiment across markets.

The pullback was sharp—Bitcoin dumped roughly $3,400 in a matter of minutes. But the real damage? Over half a billion in long positions got wiped out. We're talking $526M in liquidations across the board.

Here's where it gets ugly: the broader crypto market hemorrhaged $130B in market cap in just 90 minutes. That kind of velocity matters. It signals how thin liquidity can get when macro headwinds hit and leveraged traders get flushed out simultaneously.

It's a reminder that even when fundamentals look solid, external shocks—especially geopolitical friction—can trigger cascading liquidations faster than anyone expects.