When Musk starts his verbal fireworks, blood flows like a river across the internet. As soon as Musk opened his mouth, Bitcoin plummeted to 101,000, and blood flowed like a river across the internet.
Just yesterday, people were still shouting that a bull market had begun, but today their accounts are already in the red.
The whole thing started because Musk tweeted, naming Trump in connection with the Epstein files.
The market instantly spiraled out of control, Trump supporters sold off Tesla, and short sellers pressured Bitcoin,
USDT briefly lost its peg, DeFi faced a bank run, and even stablecoins became unstable.
Bitcoin dropped from 112,000 to 101,000,
spot trading, contracts, NFTs, altcoins, nearly everything was wiped out.
Did you think the crypto world was separate from politics?
Wrong, this time it’s a trio of "political rhetoric + financial linkage + human panic."
In a market driven by social media,
Every emotional storm is a round of value liquidation.