On Sunday, traders who had placed bearish bets on major cryptocurrencies experienced losses of nearly $600 million after President Donald Trump announced the creation of a U.S. strategic reserve for several tokens. Sunday's low liquidity contributed to unusually high price jumps, with Cardano's ADA surging by 60% in the past 24 hours, XRP and Solana's SOL increasing by 25%, and Bitcoin (BTC) rising by 9%. BTC-tracked futures suffered over $344 million in losses, followed by Ethereum (ETH) with $170 million in liquidations. Futures tracking ADA, XRP, and SOL also experienced high liquidations, prompting traders to anticipate continued volatility. Despite initially expecting BTC to drop to the mid-$70,000 levels, Trump's announcement has revived bullish expectations, with BTC aiming for the $100,000 mark. However, traders remain cautious until further details of the strategic reserve are revealed.



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