#Gate广场五月交易分享 Trump's一句話「嚇崩」Crypto！Bitcoin突破82k美元後急跌，130k人爆倉、510M美元蒸發

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 extinguished market enthusiasm. Bitcoin then quickly fell back from around $83K , dropping to a low of $81,108; ETH also sharply declined from its high to $2,328, with a significant short-term drop. The bulls who were still celebrating the breakout suddenly faced a "high-level reversal." After surging, BTC plummeted, and ETH's decline was even heavier. As of this morning (5/7): BTC's 24-hour decline narrowed to -0.07%, currently 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 were the first to be sold off by funds.
And this time, the truly devastating part was not the coin prices, but the derivatives market. 131k people liquidated, $510 million evaporated instantly!
According to CoinGlass data, in the past 24 hours, the total liquidation amount reached $510.5 million, with over 131k forced liquidations. The largest single liquidation was from Binance's BTCUSDC contract, amounting to $6.13 million.
More notably, this market staged a very typical "dual-sided liquidation."
First stage: Short squeeze
Last night, as BTC surged strongly, a large number of shorts were liquidated. In the past 24 hours, short liquidations totaled $291.88 million, accounting for 57.2% of total liquidations. In other words, the night's rally was largely driven by a "short squeeze."
Second stage: Long liquidation
But just as market sentiment turned completely optimistic, Trump's post directly changed the tone. Within four hours, total liquidations on the entire network reached about $63.44 million, of which: long liquidations: $56.51 million, accounting for 89.08%. Data from the past 12 hours also shows that longs were 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 also liquidated. The market completed a very standard "round-trip harvest."
Why can Trump’s一句話 crash the market?
The core of this correction actually stems from the market’s previous optimistic expectations about "de-escalation in the Middle East." 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 plummeted last night: WTI crude fell 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 quickly responded strongly, calling the U.S. conditions merely a "wish list," and emphasizing they are "ready to fire." Subsequently, 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.
US stocks hit new highs, but crypto didn’t follow
A noteworthy detail is: even though U.S. stocks performed extremely strongly last night, the crypto market still failed to continue the rally. On May 6, U.S. stock close: S&P 500 up 1.46%, Nasdaq surged 2.02%, Dow Jones hit new highs again, with all three major indices strengthening across the board. This should have been bullish for crypto. But the reality was: the crypto space was completely suppressed by geopolitical sentiment. This shows that the current market’s sensitivity to macro risks has already significantly surpassed 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) Market has gradually recovered from "extreme panic," but is still far from entering the "greed phase." In other words: the current market is not a full-blown bull, but in a "sentiment recovery phase." Any sudden news could again amplify volatility.
However, there are two key positives in the capital side:
Although the short-term correction is obvious, funds have not truly withdrawn.
1. Bitcoin spot ETF continues to attract capital
U.S. Bitcoin spot ETFs have achieved net inflows for three consecutive days, totaling over $1.16 billion. Among them, BlackRock IBITFidelity FBTC remains the main source of inflows. 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 using the retracement to accumulate rather than panic selling.
Conclusion: The market’s greatest 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 suddenly reversed by unexpected political risks. For the crypto market: what’s truly frightening is never the negative news itself, but the "uncertainty that cannot be predicted." Trump’s一句話 once again proves: 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 capital continues to flow in and institutional buying persists, this correction may not mark the end of the trend. The key now is whether BTC can regain and hold above $82,000.