On June 5, there was an earthquake for leveraged traders: over USD 1 billion in long positions were liquidated after the sudden drop of $BTC from $105,000 to almost $101,000.
📉 The spark? A public fight on social media between Trump and Musk (yes, in the 21st century we still see presidents and billionaires move markets with tweets).
But be careful: this wasn't a drop without warning. Experienced investors were already taking profits, and the correction was a pressure cooker... it just needed a loose lid.
📈 And now? BTC bounced back to $103,800 and shows —once again— that it has more lives than a crypto cat. Analysts still see a possible rise towards $114,000 or even $130,000.
🚨 Moral for the novice trader: leverage is like dynamite. If you don't know how to use it, better not touch it.
✨ FenixBrun Chile shining on its own ✨
