$BTC Bitcoin Drops Back to US$107 Thousand, This Trader Loses Rp211 Billion**
Bitcoin (BTC) fell 1.2% to US$107,408 in the last 24 hours on Sunday (25/05) evening. This correction triggered massive sell-offs by large investors and traders in the market.
A trader reportedly closed a long position in Bitcoin worth US$1.2 billion after the price dropped to the US$107 thousand range, as reported by X Ember CN. He closed all his positions within 47 minutes, even though the actual liquidation price was at US$105,180, resulting in a loss of more than US$13 million.
On the other hand, this decline was caused by many previous factors that made investors pull back their investments, such as US President Donald Trump threatening a 50% tariff on the European Union due to its opposition to US policies that will be implemented on June 1.
