Crypto Pulls Back After Tariff Shock — Leverage Flush or Trend Shift?

Bitcoin has slipped back into the low-$90Ks, Ethereum has cooled near $3,200, and markets are pointing to Trump’s tariff comments as the reason. But was this really a macro shock — or a leverage-driven flush waiting to happen? In today’s Daily Crypto Roundup, we break down the price action, explain the difference between a trigger and a true cause, look at the liquidation data, whale behaviour, and macro pressure, and assess whether this pullback is a healthy pause or the start of something deeper. A calm, structured look at what actually moved the market — and what to watch next.