{"id":30529,"date":"2025-06-06T06:47:05","date_gmt":"2025-06-06T06:47:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30529"},"modified":"2025-06-06T06:47:05","modified_gmt":"2025-06-06T06:47:05","slug":"bitcoin-ether-bulls-hit-with-800m-liquidation-as-trump-musk-tussle-rattles-btc-eth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30529","title":{"rendered":"Bitcoin, Ether Bulls Hit With $800M Liquidation as Trump-Musk Tussle Rattles BTC, ETH"},"content":{"rendered":"<div>\n<p>A late-night Twitter spat between President Donald Trump and Elon Musk sparked fresh uncertainty in global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets.<\/p>\n<p>Bitcoin BTC dropped below $101,000 overnight before bouncing modestly, with DOGE and ADA among the worst hit, down over 6% each in the past 24 hours. The CoinDesk 20 Index, which tracks the largest crypto assets, shed over 5%.<\/p>\n<p>Data from CoinGlass shows that traders lost $988 million in liquidations \u2014 of which $888 million were long positions \u2014 indicative of a wipeout in bullish positions.<\/p>\n<p>Exchanges like Bybit and Binance saw the biggest hits, with Bybit alone accounting for nearly $354 million in liquidations.<\/p>\n<p>The liquidations largely hit major tokens, with bitcoin leading the pack at over $342 million liquidated in the past 24 hours, according to CoinGlass data.<\/p>\n<p>Ether ETH followed with $286 million, reflecting the sharp sell-offs across the broader market.<\/p>\n<p>Other tokens like Solana&#8217;s SOL and Dogecoin DOGE saw $51 million and $27 million liquidated, respectively, as altcoin traders found themselves on the wrong side of the sudden downturn.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/43fbf6067b566f7ff080003ab2cae194be1af765-1693x457.png?auto=format\" alt=\"(Coinglass)\" title=\"(Coinglass)\"><\/p>\n<p>XRP XRP wasn\u2019t spared either, with $23 million in positions wiped out. The data also shows that high-leverage plays on memecoins, such as 1000PEPE, added to the volatility, as traders rushed to exit.<\/p>\n<p>Liquidations to the forced closure of a trader&#8217;s leveraged position when they can no longer meet the margin requirements. This typically occurs when the price of the underlying asset moves against their position, causing them to lose a large portion, or all, of their initial investment.<\/p>\n<p>A cascade of liquidations often indicates market extremes, where a price reversal could be imminent as market sentiment overshoots in one direction.<\/p>\n<p>The sell-off comes as Trump accused Musk of going \u201ccrazy\u201d and threatened to terminate government contracts with his companies, while Musk lashed back by linking Trump to Jeffrey Epstein\u2019s files. <\/p>\n<p>The clash overshadowed what had been a mostly bullish trend for crypto markets in recent weeks, intensifying a profit-taking bout from the start of this week.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A late-night Twitter spat between President Donald Trump and Elon Musk sparked fresh uncertainty in global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets. Bitcoin BTC dropped below $101,000 overnight before bouncing modestly, with DOGE and ADA among the worst hit, down over 6% each in the past 24 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30529","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30529"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30529\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}