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In 24 hours, the crypto market suffered the biggest shock in its history. More than $19 billion in positions were liquidated, Bitcoin dropped 15% in twenty minutes, and some platforms buckled. In the background: a decision by Donald Trump on China, a market saturated with leverage, and a mechanical chain reaction that became uncontrollable.
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Grégory Raymond
Grégory Raymond is Head of Research and co-founder of The Big Whale. A specialist at the intersection of traditional finance and digital assets, he has been covering the regulatory, institutional and technological developments of the sector since 2017 for an audience of decision-makers: banks, asset managers and fintechs. He is also the author of Bitcoin & Cryptos: L'enjeu du siècle (Talent Éditions, 2025), a book built around interviews with key figures from the ecosystem.
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