The Leverage Tinderbox: Geopolitics and Open Interest Ignite Crypto’s Biggest Wipeouts in 2025
Imagine a trader in early 2025, eyes glued to their screen as bitcoin surges past $108,000 on the heels of Donald Trump’s second inauguration. Fueled by promises of pro-crypto policies and an end to regulatory crackdowns, the market feels invincible. But within days, a sharp reversal triggers a cascade of liquidations, wiping out billions in…