#TrumpVsMusk today, with top coins like Bitcoin ($BTC ), Ethereum ($ETH ), and Solana ($SOL) all posting notable losses. Bitcoin is down about 3.1% in the past 24 hours and currently trades near $101,701, sparking concern across the crypto community.

So, what's behind this sudden crash? Let's break it down

Massive Liquidations

1.

A wave of leveraged trades got liquidated, accelerating the sell-off. As prices dropped, margin calls triggered a cascade of forced selling, compounding the decline