🚨 Crypto Crash Triggered by Musk–Trump Feud
📉 Price Action & Liquidations
Bitcoin dropped below $101K, down ~3%, as the public spat between Elon Musk and Donald Trump rattled market sentiment .
The turmoil triggered at least $1 billion in crypto liquidations, with about $308 million in BTC long positions alone getting wiped out as traders were forcibly closed .
Nearly 228,000 traders experienced liquidations, mostly leveraged longs, as BTC briefly fell to ~$100K before partially recovering to ~$102–103K .
🧠 Broader Market Impact
Ethereum tumbled ~6%, reflecting the broader market decline .
The Musk–Trump conflict also hit Tesla, wiping out ~$150 billion in market cap and dragging on broader risk assets .
🔍 What This Means for Traders
High volatility alert: Expect sharp swings in crypto and correlated equities as political fireworks continue.
Leverage is risky: The fallout exemplifies how geopolitical headlines can trigger massive liquidations.
Reaction play: BTC’s bounce from $100K could prompt range-trading opportunities—watch for support around that level.
