$BTC Long Traders Suffer $308M Loss Amid Price Drop, Trump-Musk Feud
Bitcoin long traders faced major losses as the crypto dipped nearly 3% in 24 hours, triggering $308M in liquidations. The drop, fueled by macroeconomic tensions and a Trump-Musk spat, saw BTC fall from $105,915 to $100,500 before recovering slightly to $102,180.
Long-term holders continued selling to lock in profits, adding to the pressure. Other cryptos also slid, with $ETH down 7.25%, $XRP 4.35%, and #solana 5.20%. Total crypto market liquidations hit $982M, mostly from long positions.
#TrumpVsMusk #CircleIPO
