According to @santimentfeed, altcoin buyers who entered on the China tariff news dip saw quick rebounds, with ENA up 14%, TAO up 13%, and SUI up 7% while Bitcoin (BTC) stayed near approximately $115,000. According to @santimentfeed, several other projects also quickly made up prior losses even as BTC remained flat.

According to @EmberCN on Twitter, Bitcoin (BTC) price surged toward the liquidation level of a major short position on Hyperliquid after China announced a reduction in US tariffs. The trader partially closed their position, covering 177.7 BTC at $105,806 with a $304,000 loss. The remaining short stands at 711.1 BTC, valued at $75.13 million, with a liquidation price of $105,990. This development highlights heightened volatility and potential liquidation risks for leveraged BTC shorts in response to global macro news, underscoring the importance of monitoring international policy shifts for crypto traders (source: @EmberCN).

According to Ai 姨 (@ai_9684xtpa), news that China has reduced tariffs on US imports to 10% triggered an immediate surge in Bitcoin price, spiking to $105,525. This sharp rally led to significant losses for large short positions, with one major trader facing a floating loss of $1.27 million, just $200 away from liquidation at $105,710. The trader reportedly holds $20 million in reserve funds, raising questions about potential margin top-ups. Traders should closely monitor further developments, as macroeconomic policy shifts and cross-border trade news are having direct and rapid impacts on crypto markets. Source: Twitter (@ai_9684xtpa, May 12, 2025).