<ul><li>Bitcoin experienced a 2.48% intraday drop leading to the liquidation of nearly $986 million in positions across the crypto derivatives market.</li><li>227,964 traders were liquidated within 24 hours, resulting in total losses of $985.58 million, with long positions accounting for the majority of the damage.</li><li>Macro factors like U.S.-China trade tensions and the public fallout between Elon Musk and Donald Trump contributed to the market downturn.</li><li>Despite the drop, trading volume surged by 36.24% to $60.39 billion, signaling increased volatility. Bitcoin's market cap stands at $2.03 trillion with a circulating supply of 19.87 million BTC.</li></ul>

Bitcoin Dips Below $101,000 as Nearly $1B in Longs Liquidated Amid Musk-Trump Clash

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