Analysis: Tariff news triggered an $850 million long liquidation in the crypto market on Monday, but this is considered a healthy correction.

Bitcoin recently broke through the $95,000 resistance level and briefly touched $98,000, driven by strong ETF inflows and moderate inflation data. However, on Monday, news of Trump's tariffs on Europe triggered an $850 million liquidation of long positions, causing the price to quickly fall back to around $92,000.