Crypto Market Crash – June 6, 2025

1. Elon Musk vs Trump Dispute

→ Trump hinted at cutting Tesla's federal support, triggering fear in the crypto market.

2. Massive Whale Sell-Off

→ A whale sold 917 BTC, creating downward pressure on the market.

3. $595 Million Liquidation

→ Mostly long positions were liquidated, leading to a price drop.

4. Fed & Jobs Data Uncertainty

→ Interest rate concerns and economic uncertainty negatively impacted the market.

5. Weak June Performance

→ Historically, June is a weak month for the crypto market.

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