On June 5, 2025, the Bitcoin currency witnessed a noticeable decline in its price, falling to around $101,000. This decline is attributed to several key factors:

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1. 📉 Liquidations

In the past 24 hours, positions worth over $595 million have been liquidated, including more than $171 million in Bitcoin positions alone. This indicates that many traders who were expecting a price increase suffered significant losses, leading to increased selling pressure in the market.

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2. ⚠️ Tension between Elon Musk and Donald Trump

The dispute between Elon Musk and U.S. President Donald Trump has escalated, with Musk criticizing the budget plan proposed by Trump, calling it “catastrophic.” Trump responded by announcing the possibility of ending federal support for Musk's companies, leading to a sharp decline in Tesla's stock by 17% and a loss of about $100 billion in market value. This tension negatively impacted investor confidence in the cryptocurrency market.

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3. 🐋 Whale Dumping

Significant Bitcoin transfers to trading platforms have been observed, including a transfer of 917 Bitcoin (worth approximately $94 million) to Coinbase Institutional. These movements indicate the intent of some major investors (whales) to sell large quantities of Bitcoin, increasing selling pressure in the market.