Rétrospective » BTC chute éclair à 5 chiffres, ETH franchit 1600 ! 1,8 milliard de dollars de liquidations, 347 000 personnes, la majorité étant des acheteurs longs

Cryptocurrency markets experienced a comprehensive sell-off over the past 24 hours, with Bitcoin dropping below the psychological level of $60,000 during trading, and Ethereum reaching a low of $1,543. According to Coinglass data, the total liquidation amount across the network reached $1.829 billion, with 347,462 people being liquidated, and long positions accounting for nearly 80%.
（Background summary: massacre! Bitcoin plummeted below $61,000, Ethereum dipped to $1,600! Over $1.2 billion in liquidation across the network in 24 hours）
（Additional context: Crypto continues to decline! BTC plunged to $74,000, with over $2.5 billion in liquidations across the network）

Key Highlights

• Bitcoin fell below $60,000, with a low of $59,141 during trading, approximately a 7.1% decrease over 24 hours
• Total network liquidation in 24 hours reached $1.829 billion, with 347,462 people liquidated, and long positions making up 79.6%
• Ethereum dropped to $1,543, down over 10%, with mainstream coins like SOL, XRP, BNB also losing support

The cryptocurrency market once again experienced a bloody night, as Bitcoin fell below the $60,000 mark in the past 24 hours, reaching a low of $59,141 during trading, with a daily decline of about 7.1%. Ethereum also suffered a sharp decline, dipping to $1,543, down more than 10%, nearly halving from its early-year high.

High-cap tokens all lost support

In addition to BTC and ETH leading the decline, other high-market-cap tokens were not spared. Solana (SOL) fell about 7.3% to around $66, XRP dropped 5.8% to $1.12, and BNB was relatively resilient but still declined about 2% to $574. The total market capitalization of cryptocurrencies has shrunk by approximately 48% from its peak, down to about $2.46 trillion.

$1.8 billion in liquidation, with nearly 80% long positions

According to Coinglass data, over the past 24 hours, total liquidations across the network reached $1.829 billion, with long positions liquidated at $1.457 billion (about 79.6%), and short positions at $372 million. A total of 347,462 people were liquidated globally, with the largest single liquidation occurring on Binance’s BTCUSDT trading pair, amounting to $13.3164 million.

The trigger for this wave of sell-offs was triggered by multiple coinciding negative news. Escalating conflicts between the US and Iran pushed up crude oil prices and inflation expectations, while the Federal Reserve’s rate cut schedule continued to be delayed. Strategy (formerly MicroStrategy) sold 32 bitcoins (about $2.5 million) at the end of May, which, although not large in quantity, was the company's first sale of BTC in nearly four years, severely damaging market confidence. Spot Bitcoin ETFs also continued to see net outflows, with large investors reducing their holdings simultaneously. The S&P 500 index fell 1.65% in a single day, and cross-asset sell-offs further fueled panic.

Frequently Asked Questions

How much liquidation occurred in the cryptocurrency market over the past 24 hours?

According to Coinglass data, total liquidations across the network in 24 hours reached $1.829 billion, with 347,462 people liquidated, and long positions accounting for about 79.6% ($1.457 billion), and short positions at $372 million.

What are the main reasons for this recent decline in cryptocurrencies?

Primarily driven by escalating US-Iran conflicts raising inflation expectations, Strategy’s first sale of Bitcoin in nearly four years, ongoing net outflows from spot ETFs, and a 1.65% decline in the S&P 500 index, leading to cross-asset sell-offs.