#TrumpVsMusk The crypto market is experiencing a significant downturn today, June 6, 2025,

1.Heavy Liquidations and Overleveraged Positions: Nearly $1 billion in liquidations, with 90% being long positions, have triggered a cascade of forced sales. This is largely due to sharp drops in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), hitting overleveraged traders hard and amplifying volatility. Historically, such high liquidation events often mark short-term market bottoms within 1-3 days.