đš Crypto Crash Triggered by MuskâTrump Feud
đ Price Action & Liquidations
Bitcoin dropped below $101K, down ~3%, as the public spat between Elon Musk and Donald Trump rattled market sentiment .
The turmoil triggered at least $1âŻbillion in crypto liquidations, with about $308âŻmillion in BTC long positions alone getting wiped out as traders were forcibly closed .
Nearly 228,000 traders experienced liquidations, mostly leveraged longs, as BTC briefly fell to ~$100K before partially recovering to ~$102â103K .
đ§ Broader Market Impact
Ethereum tumbled ~6%, reflecting the broader market decline .
The MuskâTrump conflict also hit Tesla, wiping out ~$150âŻbillion in market cap and dragging on broader risk assets .
đ What This Means for Traders
High volatility alert: Expect sharp swings in crypto and correlated equities as political fireworks continue.
Leverage is risky: The fallout exemplifies how geopolitical headlines can trigger massive liquidations.
Reaction play: BTCâs bounce from $100K could prompt range-trading opportunitiesâwatch for support around that level.
