Editor's PiCK
Nearly $980 Million Wiped Out in a Day Due to Trump-Musk Clash… Massive Long Position Liquidations
Suehyeon Lee
Summary
- The report stated that after the public dispute between President Trump and CEO Musk, the virtual asset market plummeted.
- It was also mentioned that the total liquidation amount over 24 hours reached approximately $983 million.
- It was highlighted that a large portion of the liquidated funds were long positions.
After the public dispute between Donald Trump, former President of the United States, and Elon Musk, CEO of Tesla, the virtual asset (cryptocurrency) market plunged, resulting in nearly $1 billion being liquidated in a single day.
According to Coinglass data on the 6th (local time), a total of 227,300 traders were liquidated in the past 24 hours, with the total liquidation amounting to approximately $983 million (about ₩1,334.4 billion).
Of this, liquidations of long positions accounted for the majority at $892 million. This clash between Trump and Musk is impacting not only the political arena but also the financial markets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
