Bitcoin Long Traders Lose $308 Million Amid Trump Musk Dispute

Bitcoin (BTC) long traders have experienced substantial losses over the past 24 hours as the price of Bitcoin (BTC) declined due to macroeconomic tensions and continued selling by long-term holders. The price drop coincides with an intensifying dispute between U.S. President Donald Trump and billionaire Elon Musk, while investors who have held Bitcoin for more than 155 days continue to sell to secure profits.

This dispute has led to a significant liquidation of long positions, with $308 million in long positions being liquidated. The macroeconomic tensions and the ongoing selling by long-term holders have contributed to the downward pressure on Bitcoin's price, causing it to fall. The dispute between Trump and Musk has added to the uncertainty in the market, further exacerbating the sell-off.

The liquidation of long positions indicates that many traders were caught off guard by the sudden price drop and were forced to close their positions to avoid further losses. The $308 million in liquidated positions highlights the extent of the sell-off and the impact of the dispute on the market. The continued selling by long-term holders suggests that they are taking profits and may be concerned about the future direction of the market.

The dispute between Trump and Musk has added to the uncertainty in the market, with investors unsure of how the situation will unfold. The macroeconomic tensions and the ongoing selling by long-term holders have contributed to the downward pressure on Bitcoin's price, causing it to fall. The liquidation of long positions indicates that many traders were caught off guard by the sudden price drop and were forced to close their positions to avoid further losses.

The $308 million in liquidated positions highlights the extent of the sell-off and the impact of the dispute on the market. The continued selling by long-term holders suggests that they are taking profits and may be concerned about the future direction of the market. The dispute between Trump and Musk has added to the uncertainty in the market, with investors unsure of how the situation will unfold. The macroeconomic tensions and the ongoing selling by long-term holders have contributed to the downward pressure on Bitcoin's price, causing it to fall.