Newsbtc
1 week ago
Bitcoin Sees Largest Net Taker Volume Drop Of 2025 – Traders React To Trump-Elon Clash 📉
Bitcoin's resilience amid macroeconomic uncertainties was recently tested due to a high-profile clash between Elon Musk and US President Donald Trump. The dispute led to heightened volatility, causing Bitcoin to experience a 5% drop.
This clash impacted the derivatives market significantly, with Binance witnessing the most substantial net taker volume decline of 2025. Traders' swift shift from $20 million to -$135 million net taker volume indicates a rapid bearish outlook.
Despite volatility, Bitcoin rebounded from the $100,000 support level, rising to $103,000. Analysts see potential for further gains if it surpasses the $112,000 resistance, while failure could lead to corrections.
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