Musk and Trump openly turned against each other, causing a severe shock in the crypto market, with nearly $1 billion in liquidations across the network.

2025-06-06 01:00:40

Gate News bot message, according to Coinglass data, the public confrontation between Musk and Trump has led to a significant fall in the crypto assets market. In the past 24 hours, Bitcoin (BTC) has fallen over 3%, and Ethereum (ETH) has dropped more than 7%. Data further indicates that a total of 227,300 users across the network have been liquidated, with a total liquidation amount reaching $983 million, of which long positions accounted for $892 million.

Source of information: Wu Shuo

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