Bitcoin Sees Largest Net Taker Volume Drop Of 2025 – Traders React To Trump-Elon Clash

Bitcoin has shown strength despite rising macroeconomic uncertainty and global tensions. However, a public clash between Elon Musk and US President Donald Trump on social media platform X triggered a 5% pullback in Bitcoin's value. The event was viewed as a risk-off signal, causing a rapid shift in trader sentiment on Binance, with net taker volume plunging from $20 million to -$135 million in under eight hours. This marks the largest net taker volume decline of the year, highlighting the sensitivity of crypto traders to political developments. Despite the pullback, Bitcoin has rebounded from the $100,000 support level and is currently trading in the $103,000 range, showing resilience. The move signals strength among bulls, but the broader market remains cautious, with all eyes on the $112,000 all-time high. A breakout above that level could ignite a new leg up, but failure to maintain momentum may lead to a deeper correction below current demand levels. Macroeconomic conditions continue to weigh on market sentiment, and the reaction was clearly visible in the crypto derivatives market. The net taker volume reflects the imbalance between aggressive longs and shorts, and such a steep drop points to traders rapidly flipping bearish, indicating fear-driven positioning.