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- Bitcoin Teeters, Musk Stirs, Saylor Brags – Welcome to June Volatility
Bitcoin Teeters, Musk Stirs, Saylor Brags – Welcome to June Volatility
Bitcoin rebounds to $105K amid mixed signals, Elon Musk may be gearing up for a historic BTC buy, and Michael Saylor fires off a victory lap. Meanwhile, AI predicts BTC’s month-end target.
Joe G & Money Talks
June 07, 2025 • Estimated Reading Time: 7 minutes
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Bitcoin recovered to $105,607 after plunging below $101K, but concerns over leverage and transparency raise fears of a "bull trap" scenario.
Trump–Xi tariff talks and hyper-leveraged longs sparked the June 5 drop to $100,430.
Trader James Wynn reportedly lost $100M during the liquidation cascade.
Recession fears + custody doubts (e.g., re-hypothecation) shake confidence.
“Degens went long, whales went hunting classic trap setup.”
Custody speculation flares as Strategy refuses to reveal onchain BTC addresses, stoking unease among institutional investors.
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Elon Musk vs Trump and the $100B Bitcoin Speculation
Elon Musk’s public feud with President Trump has taken a turn, now intersecting with massive Bitcoin rumors.
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Robert Leshner suggests Musk could be two weeks from buying $100B in BTC.
Musk blasted Trump’s tax bill, citing risks to U.S. solvency.
Adam Back: “Musk buying 1M BTC would be the smartest move.”