#Gate广场五月交易分享 Trump's一句话"吓崩"币圈！Bitcoin突破82k美元后急剧下跌，130k人爆仓、510M美元蒸发

Last night (5/6) at 20:00, the crypto market was originally immersed in a long-lost frenzy atmosphere. Bitcoin (BTC) suddenly surged to $82,860, hitting a new high since January 31, and market sentiment quickly heated up; Ethereum (ETH) also rose to $2,411, with funds clearly flowing back into risk assets. Many investors initially expected BTC to have a chance to further challenge the $85,000 threshold. However, just a few hours later, the situation suddenly reversed. U.S. President Donald Trump posted on Truth Social warning: "A ceasefire agreement is a big assumption," and threatened that if Iran refuses to reach an agreement, the U.S. will launch "higher intensity" military strikes. One sentence, directly extinguishing market sentiment. Bitcoin then quickly fell back from around $83K , dropping to a low of $81,108; ETH also plummeted from its high to $2,328, with a significant short-term decline. The bulls who were still celebrating the breakout suddenly faced a "high-level reversal." After surging, BTC sharply reversed, and ETH's decline was even more severe. As of this morning (5/7): BTC's 24-hour decline narrowed to -0.07%, now around $81,108; ETH fell 1.73% in 24 hours, touching a low of $2,314; SOL rose against the trend by 2.06%, at $88.32; XRP slightly increased by 0.29%, maintaining sideways consolidation.
From the market perspective, although BTC's decline was limited, market sentiment has already weakened significantly. Especially ETH's retracement was deeper, indicating that high-risk assets are the first to be sold off by funds.
And this time, the real carnage was not in the price of coins, but in the derivatives market. 131k people liquidated, $510 million evaporated instantly!
According to CoinGlass data, in the past 24 hours, the total liquidation amount across the entire network reached $510.5 million, with over 131k people forced to close positions. The largest single liquidation came from Binance's BTCUSDC contract, amounting to $6.13 million.
What is even more noteworthy is that this market staged a very typical "dual-sided liquidation."
First stage: Short squeeze
Last night, when BTC surged strongly, a large number of short positions were liquidated. In the past 24 hours, short liquidations reached $291.88 million, accounting for 57.2% of total liquidations. In other words, the rise last night was largely driven by a "short squeeze" market.
Second stage: Long liquidation
But just as market sentiment turned completely optimistic, a post from Trump directly changed the direction. Within nearly 4 hours, the total liquidation amount across the network was about $63.44 million, including: long positions liquidated: $56.51 million, accounting for as high as 89.08%.
Data from the past 12 hours also shows that longs became the main victims, with long liquidations reaching $147.12 million, nearly 79%.
In simple terms: last night, shorts were wiped out first, and this morning, longs were targeted again. The market completed a very standard "reversal harvest."
Why can Trump’s一句话 cause a dump?
The core of this correction actually stems from the market’s previous optimistic expectations about "easing Middle East tensions." Earlier news indicated that U.S. special envoys were discussing a 14-point memorandum of understanding (MOU) with Iran, including: lifting some naval blockades, opening the Strait of Hormuz, and easing oil transportation restrictions. As a result, international oil prices fell sharply last night: WTI crude dropped to $95.28, Brent crude to $97, and the market generally believed that if Middle East risks eased, global liquidity pressures would decrease, and risk assets could further rise.
However, Iran then responded strongly, saying that U.S. conditions were just a "wish list," and emphasized that they are "ready to fire." Immediately after, Trump’s statement on Truth Social directly shattered the market’s illusion of a "ceasefire." Risk assets cooled across the board, with the crypto market bearing the brunt.
U.S. stocks hit new highs, but the crypto market did not follow suit
A noteworthy detail is: even though U.S. stocks performed extremely strongly last night, the crypto market still failed to continue rising. On May 6, U.S. stock closing: S&P 500 up 1.46%, Nasdaq surged 2.02%, Dow Jones hit new highs. The three major indices all strengthened, which should have been bullish for crypto. But the reality was: the crypto market was completely suppressed by geopolitical sentiment. This shows that the current market sensitivity to macro risks has already significantly exceeded liquidity optimism expectations.
Sentiment is recovering, but the market remains fragile
From the sentiment indicator perspective, the crypto market is indeed warming up. The Crypto Fear & Greed Index today rose to 47 (Neutral).
Yesterday: 46 (Fear)
Last week: 29 (Fear)
Last month: 11 (Extreme Fear)
The market has gradually recovered from "extreme panic," but is still far from entering a "greedy phase." In other words: the current market is not a full-blown bull trend, but in a "sentiment recovery phase." Any sudden news could again amplify volatility.
However, there are two key positives in the funds side:
Although the short-term correction is obvious, funds have not truly withdrawn.
1. Bitcoin spot ETF continues to attract capital
The U.S. Bitcoin spot ETF has seen net inflows for three consecutive days, totaling over $1.16 billion. Among them, BlackRock IBITF and Fidelity FBTC remain the main sources of inflow. This indicates that institutional funds have not exited due to short-term volatility.
2. ETH whales continue to buy
On-chain data shows that in the past 96 hours, ETH whales have accumulated over 140k ETH, worth about $322 million. This suggests that large holders are more likely taking advantage of the retracement to accumulate rather than panic selling.
Conclusion: The market’s biggest fear is never the decline itself, but uncertainty
This time, BTC quickly fell back from $82,860, not because of a technical breakdown, but because market sentiment was instantly reversed by sudden political risks. For the crypto market: what is truly terrifying is never the negative news itself, but "uncertainty that cannot be predicted." Trump’s一句话 once again proves that: today’s crypto market remains highly influenced by macro politics and global risk events. Moving forward, if Middle East tensions continue to escalate, BTC may remain highly volatile in the short term; but if ETF funds keep flowing in and institutional buying persists, this correction may not signal a trend end. The key now is whether BTC can regain and hold above $82,000.