Bitcoin experienced a significant price movement following Trump's election, surging from $70,000 to $90,000 within 10 days. According to Markus Thielen, CEO of 10x Research, the subsequent drop to $60,000 was not due to panic selling. Instead, Thielen attributes the decline to market makers selling futures into a liquidity trap. This analysis was shared during a session at the Live Desk at Consensus HK.