On June 5, 2025, the Bitcoin currency witnessed a significant decline in its price, dropping to around $101,000. This decline is attributed to several key factors:

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1. 📉 Liquidations

In the past 24 hours, positions worth over $595 million were liquidated, including more than $171 million in Bitcoin positions alone. This indicates that many traders who were expecting a price increase faced substantial losses, leading to increased selling pressure in the market.

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2. ⚠️ Tension between Elon Musk and Donald Trump

The dispute between Elon Musk and U.S. President Donald Trump has intensified, with Musk criticizing the budget plan proposed by Trump, calling it "disastrous." Trump responded by announcing the possibility of ending federal support for Musk's companies, resulting in a sharp decline in Tesla's shares by 17% and a loss of about $100 billion in market value. This tension negatively affected investor confidence in the cryptocurrency market.

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3. 🐋 Whale Dumping

Large transfers of Bitcoin to trading platforms have been observed, including a transfer of 917 Bitcoin (worth approximately $94 million) to Coinbase Institutional. These movements indicate the intent of some large investors (whales) to sell significant amounts of Bitcoin, increasing selling pressure in the market.