According to QCPgroup, the crypto market turned sharply risk-off after the US expanded technology sanctions against China and doubled steel tariffs to 50%. These developments triggered the liquidation of nearly $1 billion in crypto positions, signifying heightened volatility and risk aversion among traders (source: QCPgroup Twitter, June 2, 2025). Additionally, BlackRock's IBIT Bitcoin ETF recorded $430 million in outflows, ending its 34-day inflow streak, which signals a notable shift in institutional sentiment towards Bitcoin and broader crypto assets. Such large-scale outflows and liquidations highlight the potential for further price pressure and increased volatility, making risk management a top priority for crypto traders.