The markets ran red on April 7th as fears of an escalating global trade war sparked a brutal sell-off across Asia, sending shockwaves straight into the crypto arena. Bitcoin nosedived by 6.2%, tumbling from its towering $84,200 perch to a brutal low just under $75,000, before clawing its way back to $77,200. Ethereum didn’t just stumble - it crashed, free-falling 15.7% from $1,785 to a bruising $1,505.

The bloodbath didn’t end there. According to CoinGlass, over $1.4 billion in liquidations swept through the markets in just 24 hours, with long positions making up a staggering 84.5% of the casualties. Yet, despite the carnage, Bitcoin futures open interest showed surprising resilience, shedding only $1.6B - from $52.4B to $50.7B - a sign that some traders are still gripping the rails.

Not everything bled. Against all odds, a few altcoins danced in the rain - GRASS posted a cool 6.0% gain, while FORTH surged an eye-popping 21.3%, flipping the script in a sea of red.