šØ Crypto Crash Triggered by MuskāTrump Feud
š Price Action & Liquidations
Bitcoin dropped below $101K, down ~3%, as the public spat between Elon Musk and Donald Trump rattled market sentiment .
The turmoil triggered at least $1āÆbillion in crypto liquidations, with about $308āÆmillion 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 ~$102ā103K .
š§ Broader Market Impact
Ethereum tumbled ~6%, reflecting the broader market decline .
The MuskāTrump conflict also hit Tesla, wiping out ~$150āÆbillion in market cap and dragging on broader risk assets .
š 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.
Reaction play: BTCās bounce from $100K could prompt range-trading opportunitiesāwatch for support around that level.
