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.
A classic head-and-shoulders pattern is forming on the daily chart—typically signals a breakdown toward $2.00 .
If XRP breaks below the $2.30 neckline, targets include $2.15 and possibly $1.60 .
A recent inverted cup-and-handle pattern points to a potential 19% drop toward $1.71 .
📊 Market Data Reinforcing Bearish Outlook:
XRP open interest is down ~18% to $4.5 billion—reduced leverage often precedes downside .
Spike in liquidations: roughly $12 million in long positions were wiped recently, adding pressure .
Trading volume surged ~70% on the latest drop—every dip is being aggressively sold .
🔍 What to Watch
Scenario Key Level Risk/Opportunity
Breakdown Below $2.30 Could slide toward $2.00 → $1.71–$1.60 Reclaim & Hold Above $2.30+ Bearish patterns invalidate; rebound possible
Short-term traders: Consider tight stop-losses around $2.30, and scale in if price dips near $2.00.
Long-term bulls: A dip into the $1.70–$1.80 range could be an attractive entry—just tread carefully.
✅ Summary
XRP is flirting with danger: if it fails to hold above $2.30–$2.00, deeper drops toward $1.60–$1.70 become likely. But a strong bounce above $2.30 could signal a reversal. Stay alert around these zones! #BinanceAlphaAlert #MarketPullback #Xrp🔥🔥 #Binance
Trump Media & Technology Group (TMTG), the parent company behind Truth Social, has filed to raise a massive $12 billion through securities issuance to expand its Bitcoin-buying program .
🔍 What’s Going On:
This move builds on TMTG’s $2.5 B capital raise just weeks ago aimed at building a Bitcoin treasury .
The new proposal—nicknamed the “Beautiful Bill”—would significantly widen their crypto budget, though it still awaits Senate approval .
🏛 Broader Push into Crypto:
TMTG recently filed for a Truth Social Bitcoin ETF, aiming to let investors gain BTC exposure through NYSE Arca-listed funds .
This is part of a broader strategy to position the company and Trump himself as major players in digital assets—fueling speculation about policy changes under a future Trump administration .
🧭 Why It Matters:
Size & Scale: $12 B is a massive war chest—potentially rivaling pools held by blue-chip Bitcoin companies like MicroStrategy.
Regulatory Hurdles: Approval is not assured and will face intense scrutiny, especially amid concerns about Trump’s influence and conflicts .
Market Hype: If successful, this could drive strong retail and institutional interest in their ETF and Bitcoin holdings.
🔮 What to Watch:
Senate vote on the securities filing (including “Beautiful Bill” terms).
SEC approval timing for the Truth Social Bitcoin ETF.
$BTC price reaction to each funding milestone announcement.
🧠 Commentary: We’re playing a micro structural flip on 1m. Demand is respected and protected by CHoCH + BOS. Stop is tight for optimal RR. Entry aligned with refined OB and imbalance fill. #BinanceAlphaAlert #MarketPullback #xrp
🧠 Commentary: This setup aligns with the 5m uptrend continuation. 1m confirms demand holding. Ideal for quick 0.5%–0.7% scalp with solid RR. #BinanceAlphaAlert #MarketPullback #solana
Price retraces into breaker block aligned with FVG
🟩 Entry Zone: 2,472–2,475 🎯 Take Profit Targets:
TP1: 2,483 (first reaction zone)
TP2: 2,488 (liquidity sweep above local highs)
❌ Stop Loss: 2,467 (below CHoCH + order block)
📊 Risk-Reward: ~1:2.7 📌 Confirmation: OB + FVG confluence, bullish candle structure with minimal drawdown
🧠 Commentary: Perfect example of supply-to-demand flip with BOS confirmation. Entry supports tight risk and high precision.
Summary for Traders: These setups are based on structure shifts, BOS/CHoCH confirmation, and refined demand re-tests. Entries are planned with tight invalidation levels and clear TP zones, allowing strong RR profiles—perfect for active scalpers or aggressive intraday traders.
Circle (CRCL) IPO Ignites Major Shift in Crypto Stocks
Circle Internet Group debuted on the NYSE (ticker CRCL) on June 5, 2025, at $31 per share and closed at $83.23, marking a pop of 168% and triggering a trading halt .
The IPO raised $1.1 billion (34 million shares issued), valuing Circle at approximately $18–21 billion .
The strong debut highlights growing interest in stablecoins and crypto infrastructure .
Impact on other crypto stocks:
Stocks like MicroStrategy (MSTR), Coinbase (COIN), and Marathon Digital (MARA) slid roughly 4–5%, as capital rotated from crypto stocks to Circle's hot IPO .
🔍 What This Means
Investor appetite: Circle's surge reflects renewed optimism in crypto-native businesses, especially stablecoin issuers.
Volatility ripple effect: Profitable IPOs can siphon liquidity from existing crypto-equity plays—classic “crowding out.”
Sector sentiment: The move sets expectations for more strong crypto stock debuts; however, fluctuations in Bitcoin will continue to sway these names. #CircleIPO #BinanceAlphaAlert #CUDISBinanceTGE