Key Notes

Ethereum and Bitcoin lead liquidation losses at $233M and $180M respectively, affecting nearly 200,000 traders forced from positions.

Trump cites China's 69% control of rare earth production as justification for planned massive tariff increases and additional countermeasures.

Altcoins including Litecoin and Zcash saw strong momentum before Trump's announcement suddenly invalidated technical analyses and reversed gains.

The cryptocurrency market is back in the red as Donald Trump threatens more tariffs on China, citing rare earths control and hostility. Long-position traders were the most affected, and total liquidations already surpass $770 million in the last 24 hours.

Data Coinspeaker retrieved from Coinglass on October 10 shows $771.3 million liquidations in the period,

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