Bitcoin and the Asia-Pacific stock markets collectively plummeted, with over 160,000 people getting liquidated as panic reemerged!

On the morning of August 1st, the Asia-Pacific stock markets collectively fell, with Bitcoin (BTC) also plummeting significantly. U.S. President Trump announced adjustments to the "reciprocal tariff" rates for several countries, with the updated tariff range being 10% to 41%. This news triggered market concerns, leading to widespread pressure on the stock market, which spilled over into the Crypto Assets market, igniting a new round of panic selling.

1. Bitcoin falls below 115,000 USD: 160,000 people face liquidation panic again

(Source: Coinglass)

As the Asia-Pacific stock markets collectively fell, Bitcoin did not escape unscathed. On August 1, Bitcoin fell below $115,000, reaching a low of $114,638.

Coinglass data shows that nearly 160,000 people have been liquidated in the past 24 hours, with a total amount reaching 629 million USD (approximately 4.23 billion RMB). This indicates that the market has experienced intense fluctuations in a short period of time, with a large number of leveraged long positions being forcibly liquidated, and panic sentiment spreading.

2. Bitcoin: The Nature of Risk Assets and Regulatory Controversies

Bitcoin previously set new highs, breaking through the 120,000 USD mark on July 14. Despite an increasing number of institutional investors accepting the narrative of Bitcoin as "digital gold," it still remains a risky asset. Jing Jianguo, an expert from the Shanghai Financial Industry Union and director of the Offshore Financial Research Institute at the Shanghai Chief Economist Financial Development Center, analyzed to reporters from the 21st Century Business Herald that there are certain regulatory controversies and risks surrounding crypto assets globally, and not all regions fully recognize its development. Crypto assets face three major risks in terms of market, technology, and regulation.

3. The Asia-Pacific stock markets collectively plummet: The shadow of tariffs looms

The Japanese and South Korean stock markets plummet

South Korea's composite index opened lower and continued to decline, with a drop of more than 3% as of 9:25. The Nikkei 225 index saw its drop widen to 1%. Among them, Tokyo Electron's stock price fell nearly 18%, as the company had previously lowered its profit expectations. On the news front, just in, Japan and South Korea announced July manufacturing data, both lower than previous values. Japan's July PMI final value was 48.9, previous value 48.8; South Korea's July HSBC manufacturing PMI was 48, previous value 48.7.

Taiwan and Australia's stock markets fell

The Taiwan Stock Exchange Weighted Index fell by about 1.2%, and the Australian Standard & Poor's/ASX 200 Index fell by 0.94%.

FTSE China A50 Index Futures

On the previous trading day's night session, it closed down 0.18%, and it is currently down about 0.1%.

A shares turn red

The three major A-share indices opened lower, then turned positive, with the innovative drug and education sectors leading the gains.

Conclusion:

Bitcoin and the collective plummet of the Asia-Pacific stock markets serve as a reminder to investors that changes in the global economic and political environment can have a direct impact on the Crypto Assets market. Although Bitcoin is seen as "digital gold", its nature as a risk asset makes it difficult to escape during market panic. In an uncertain macro environment, investors should remain cautious and fully recognize the inherent volatility and risks of the Crypto Assets market.