According to @EmberCN on Twitter, a public dispute between Elon Musk and Donald Trump triggered a sharp BTC price drop, resulting in prominent trader James Wynn being liquidated for 379 BTC at 1:00 AM. Following the forced liquidation, Wynn closed his remaining positions, realizing a total loss of $2.9 million from a $3.6 million USDC margin, with only $700,000 left after the event. This incident highlights the direct impact of high-profile news events on Bitcoin's price volatility and liquidation risks, emphasizing the need for traders to manage leverage and monitor news catalysts closely (source: Twitter/@EmberCN, June 5, 2025).