According to Ai 姨 (@ai_9684xtpa), a major BTC trader known as James narrowly avoided liquidation at the $104,360 mark by depositing an additional 200,000 USDC as margin, reducing his liquidation price to $104,150. James still has 480,000 USDC available on-chain, but further BTC price drops may force him to withdraw more funds from exchanges. This aggressive margin management signals heightened volatility and potential cascading liquidations in the BTC market, warranting caution for traders monitoring large on-chain movements (source: Twitter @ai_9684xtpa, June 2, 2025).

According to The Kobeissi Letter, the S&P 500 dropped nearly 80 points within 30 minutes at 1:00 PM ET due to a weak 20-year US Treasury bond auction, which caused Treasury yields to spike sharply (Source: @KobeissiLetter, May 21, 2025). Elevated yields often trigger risk-off sentiment, leading to equity sell-offs and increased volatility across financial markets. For crypto traders, the rapid shift in US yields can signal tightening liquidity and potential downside for major digital assets, as institutional investors may rotate capital out of risk assets like Bitcoin and Ethereum into safer government bonds. Monitoring US Treasury auctions and yield movements remains critical for anticipating crypto price swings and managing trading risk.