Over $75 million worth of Bitcoin shorts have been liquidated from the market in the past 60 minutes, according to data from TradingView. Total liquidation on the crypto market is up 80% in the last 24 hours already following Trump’s pausing of tariffs on multiple countries.

JUST IN: $75,000,000 worth of Bitcoin shorts liquidated in the past 60 minutes.

— Watcher.Guru (@WatcherGuru) April 9, 2025

According to data from CoinGlass, most of the market is now bullish on Bitcoin, as the king coin has reversed trajectory. The asset is back up over $82,000, and may be set to continue climbing over the next 24 hours. Bitcoin shorts as a result are being cashed in on before they are made worthless amid the surge. Other leading assets like Ethereum (ETH) and Ripple XRP are also up on the tariff pause news.

In addition, Trump’s tariff pause orchestrated a monumental turnaround for the US stock market. Specifically, the announcement drove the Dow Jones Industrial Index to jump more than 2,400 points. Moreover, companies like Tesla (TSLA) and Nvidia (NVDA) saw shares skyrocket as much as 12% and 10%, respectively.

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“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A. and other countries is no longer sustainable or acceptable,” he said. “I have authorized a 90-day PAUSE and a substantially lowered Reciprocal Tariff during this period of 10%, also effective immediately,” the US President added.