#TrumpVsMusk #btc #eth The crypto market is experiencing a significant downturn today, June 6, 2025,
1.Heavy Liquidations and Overleveraged Positions: Nearly $1 billion in liquidations, with 90% being long positions, have triggered a cascade of forced sales. This is largely due to sharp drops in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), hitting overleveraged traders hard and amplifying volatility. Historically, such high liquidation events often mark short-term market bottoms within 1-3 days.
2. **Musk-Trump Public Feud**: A highly publicized spat between Elon Musk and Donald Trump has rattled investor sentiment, contributing to a risk-off environment. This drama, coupled with a 17% drop in Tesla's stock price, has fueled panic selling across crypto markets, as investors perceive heightened uncertainty.
3.Whale Sell-Offs: Large investors (whales) have offloaded significant holdings, including 917 BTC ($94.3 billion) and 26.67 million XRP to Coinbase Institutional, signaling bearish moves. Additionally, 2.86 trillion Shiba Inu (SHIB) tokens were dumped, further pressuring prices. Such large-scale sell-offs to exchanges often indicate intent to liquidate, exacerbating the downturn.
5. Technical Weakness: Technical indicators show weakening bullish momentum, with Bitcoin and Ethereum failing to hold key support levels. For instance, Bitcoin dropped to around $97,000 before a slight recovery, and technicals suggest bears are in control, with cascading stop-loss orders adding to the downward pressure.
These factors—liquidations, high-profile FUD, whale activity, macroeconomic headwinds, and technical breakdowns—have converged to create a perfect storm, leading to a market-wide sell-off. However, some analysts note that such corrections can set the stage for recoveries, as seen historically after heavy liquidations. Always conduct your own research, as crypto markets are highly volatile and influenced by multiple unpredictable factors. $BTC $ETH $XRP
$BTC Why Are #Bitcoin and Gold Dropping at the Same Time Today?
Both Bitcoin and gold are experiencing declines today due to a combination of shifting macroeconomic conditions, changing investor sentiment, and evolving correlations with other asset classes.
The main drivers include easing global trade tensions, a firmer US dollar, and a broader risk-off environment impacting both traditional and digital assets.
$BEL it's is true that #BELCoin is bleeding and now first time after a week it shows some green candle one the chart. Also gold is going down . the gold coin is $PAXG
But I want to wait a couple of hours more to confirm the bullish moment . like the last one .
sharing the screenshot of the last bull run so you better understand where I like to trade.
$BEL Trading is getting bore. I know and you probably that we "long lovers" are trap in the Bear 🐻 market. but one thing I love about #binance is word of the week. and I sold today word. would you like to "know " #word of the #week please Comments and follow and I will share it as soon as possible after a great response.
$BEL The heat map of this coin shows a large liquidation above, but alongside it, there's a bitter truth that selling pressure is very high.
According to my calculations, this coin can still go down further because there's still 50% selling pressure in the market compared to before, which isn't good news for long position holders like us.
However, I hope that in the coming days, this coin will rise, and for that to happen, good news is needed in the market, along with a cash influx. in the last . always always do your own DYOR
$BEL money flow harder into $BTC and $ETH . pro knows that when this happens . other alts also grow. for me these are the good sign for long position . Always do your own DYOR .
$BEL Breaking News. from the morning I received some alerts that 300 millions deposit in crypto market. this means money is following in. we may seen the bullish moment soon. keep on eyes on market. I feel some good news. I am bullish and you . Remember this is not a financial advise. always do your own DYOR
$BEL market is not friendly. only $BTC perform. world wide Level #BTC act like a gold now. 60 billion dollars come with in BTC . only top 10 crypto are considered safe . trade careful.
$BEL first of all thank you everyone for their support on square. second thing I take off from the market and am not doing trade because market is volatile and and now these hunting buy position very much.
But the good news is 60 billion dollars came into crypto market and the $BTC dominance is now 64 percentage. legends knows this is a good sign for , because after that money flow from btc to alt.
in the last I am bullish. But for you always do your own #DYOR* .
if you like my post and want me to continue, please help me to like share and following me
$BEL the 4 hour chart shows down trend is end. but still no good News in hourly chart.
Main key in crypto is patient.
my opinion is, I am bullish this is why I am waiting for the right moment but not right now. this is not a financial advise. Always do your own DYOR. #belcoin
$BEL first of all. I am not interested in trading today but just here to share some of my analysis. Always do your own #DYOR.
Us Dollar index decrease (98.87) a bad sign for crypto. because of this 👆 index drop money flow into the gold and silver. current price of gold is 3300 +. Soon we may see 3400 and 3500.
only main stream coin are stable in crypto . most of coin are bleeding or manipulation.
market is hunting SLs. now #BELCoin pass 24 hours no short hit. only long's are target. the reason is simple. money is following into $BTC or into gold . what ever some time it's better to take of from trading and enjoy your life a little bit . in the end I still bullish, waiting for only one good News.