US EditionCrypto Market Sees Nearly $1B in Daily Liquidations as Overleveraged Longs Are Caught Off Guard by Macro Jitters
- Bitcoin's price fell nearly 3% to $100,500 before rebounding to $102,180 during a broad crypto market sell-off in the past 24 hours.
- The sell-off followed long-term Bitcoin holders gradually liquidating positions amid escalating tensions between Elon Musk and Donald Trump.
- This triggered over $982 million in total liquidations, including $308 million from Bitcoin long positions and significant losses across Ethereum, Dogecoin, and other major cryptocurrencies.
- On June 5, Musk criticized Trump's global tariffs, warning they could cause a recession, while Trump threatened to cancel Musk's government contracts in retaliation.
- The combination of political disputes and long-term holder selling has increased the likelihood of a short-term correction and ongoing downward pressure in crypto markets.
16 Articles
16 Articles
Bitcoin, Ethereum, Dogecoin Drop As Crypto Market Loses $124 Billion Amid Trump-Musk Feud And Mass Liquidations - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
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Smart Money Moves In After $160M BTC Crash—Is a Rally Coming?
$160M Liquidation Squeeze Hits Binance at $101K Bitcoin experienced a sharp long liquidation cascade on Binance, where over $160 million in leveraged long positions were wiped out as BTC briefly dipped below the $101,000 level. According to the report this cluster of liquidations caused short-term volatility but may have created an opportunity for longer-term market participants. These events often mark local capitulations, which historically ha…
$983M Crypto Liquidation Sparks Market Panic and Volatility
Crypto liquidations hit $983M in 24 hours, with $891.9M coming from wiped-out long positions. Bitcoin and Ethereum led the drop, triggering mass stop-outs across major exchanges. Outflows from BTC ETFs and S&P 500 drop show investors are de-risking across all markets. The feud between Elon Musk and Trump has disturbed the entire global financial markets. The impact in the crypto market has resulted in millions of liquidations. Over $983 million …
Official Trump is biggest loser in crypto top 100 amid Musk feud
The Official Trump (TRUMP) token is now the worst-performing cryptocurrency among the top 100 by market capitalization, as an increasingly bitter public feud between US President Donald Trump and tech billionaire Elon Musk spills over into crypto markets. According to data retrieved by Finbold research from CoinMarketCap, TRUMP’s market cap plummeted from $2.168 billion to $1.935 billion over the past 24 hours, erasing $233 million in value. At …
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