$BTC Conflict between Trump and Musk

The public confrontation between U.S. President Donald Trump and Tesla CEO Elon Musk led to a 14% drop in Tesla shares, which negatively affected the cryptocurrency market, including Bitcoin.

Massive Liquidations

In the last 24 hours, over $595 million in long positions in cryptocurrencies were liquidated, including $171 million in Bitcoin, increasing pressure on the price.

Technical Correction and Decrease in Volatility

After reaching an all-time high of $111,880, Bitcoin corrected by 7%, which is part of a natural market cycle.

Withdrawal of Funds from Bitcoin ETF

On June 5, 2025, there was a net outflow of $278 million from the Bitcoin ETF, indicating a decrease in institutional interest.

Despite the current decline, Bitcoin remains above the psychologically important level of $100,000. Investors are closely monitoring upcoming economic data from the U.S. that may affect further market movements.