Hot Crypto Discussions on X Today: KOLs on Market Dip and Extreme Selloff

​​Stocks and crypto markets have fallen as global trade tensions weigh on the economy. President Donald Trump has made it clear he won’t back down on his tariff policy, aiming to make locally produced goods more competitive.

In the past 24 hours, the global crypto market cap dropped over 8%, now sitting at about $2.42 trillion. Bitcoin is trading below $77,000, and the fear and greed index is under 20, showing extreme fear.

In this recap, we’ve rounded up 5 popular crypto discussions on X/Twitter, offering different takes on the market crash.

1. Over $1.3B Liquidated from the Crypto Market in the Last 24H: Mario Nawfal’s Account Says 

Mario Nawfal’s Roundtable, a popular account on X run by show host Mario Nawfal, pointed out a huge wave of crypto liquidations as markets faced heavy selling and investor panic.

According to Coinglass, traders who placed big bets on Bitcoin and Ethereum going up – known as long positions – were hit the hardest, losing around $1.15 billion. Even short positions (bets that prices would drop) lost more than $149 million.

In crypto trading, a liquidation happens when a trader’s position is forcibly closed because they don’t have enough funds to cover losses. This usually happens when prices move too fast in the opposite direction of their bet.

Since the tweet, total crypto liquidations have continued to grow, now exceeding $1.4 billion.

2. Jacob King Says Saylor’s Bitcoin Bet Is Near Collapse

“When Bitcoin drops another measly -9% from here, Saylor will officially be at a net-loss on ALL of his BTC purchases,” says WhaleWire CEO Jacxob King in a recent X post. 

Michael Saylor, CEO of Strategy (formerly MicroStrategy), is a well-known Bitcoin advocate. His company is the largest publicly listed corporate holder of Bitcoin, with 528,185 coins in its reserve.

King warns that if Bitcoin falls further, shareholders might push for liquidation – potentially triggering what he calls a “death spiral” that could drive BTC below $20,000.

He also points to Saylor’s massive losses during the dot-com crash in the early 2000s, suggesting that history could repeat itself under today’s market conditions.

3. Bitcoin May Plummet to $62-65K in June 2025: Tony Cevarino Predicts

Bitcoin trader and analyst Tony “The Bull” Severino (@tonythebullBTC) forecasts that Bitcoin could hit $62K to $65K by June 2025. But that’s just the beginning.

After reaching this peak, he expects Bitcoin to drop further, possibly bottoming out between $38K and $42K in April 2026.

This prediction is based on the Elliott Wave theory, which shows that larger price swings often retrace before smaller corrections follow.

4. @DefiIgnas Reflects on Phaver's Shutdown

Web3 social app Phaver has shut down, deleting all its social media accounts. The app’s collapse follows a 99% drop in the value of its native token, SOCIAL, since its launch in September 2024.

DeFi analyst and Pink Brains co-founder @DeFiIgnas commented on Phaver’s fall, sharing that he had high hopes for the app, which boasted 35,000 daily active users and 800,000 downloads.

Phaver aimed to merge Lens Protocol and Farcaster, enabling users to operate seamlessly across both ecosystems within its app. Ignas notes that, at its peak, Phaver captured 50% of Lens traffic and 20% of Farcaster's.

When discussing the reasons for the shutdown, Ignas points to mistakes in the airdrop process and poor fund management, which led to the depletion of funds despite raising $8M at a ~$80M valuation from VCs.

5. Cas Abbé Predicts FED Emergency Meeting if Market Dump Continues

Crypto trader Cas Abbé has shared his concerns as global markets spiral into panic. He points to a wide range of indicators: gold is crashing, the DXY (Dollar Index) is falling, stocks are plummeting, oil prices are dropping, and even crypto is taking a hit.

Abbé compares the current situation to March 2020, a time when everything seemed to be collapsing simultaneously, triggered by the rapid spread of the COVID-19 pandemic.

He suggests that if the market dump continues, there’s a possibility the Federal Reserve could call for an emergency meeting this week to adjust interest rates or issue market guidance.