回顧》BTC閃崩5字頭、ETH破1600！18億鎂爆倉34.7萬人，大多數為多軍

The cryptocurrency market experienced a widespread sell-off over the past 24 hours. During trading, Bitcoin fell below the $60,000 psychological level, while Ethereum hit a low of $1,543. According to Coinglass data, the total liquidation amount across the entire network reached $1.829 billion, with 347,462 people liquidated, and long positions accounting for nearly 80%.
(Background recap: Massacre! Bitcoin plunges and falls below $61,000, while Ethereum dips to $1,600! More than $1.2 billion liquidated across the network in 24 hours)
(Additional context: Crypto keeps dropping! BTC dives to $74,000, with more than $2.5 billion liquidated across the network)

Key Takeaways

• Bitcoin falls below $60,000, with a intraday low of $59,141, and a drop of about 7.1% over 24 hours
• $1.829 billion liquidated across the network in 24 hours, with 347,462 people liquidated, and long positions making up 79.6%
• Ethereum dips to $1,543, down more than 10%; SOL, XRP, BNB, and other major coins also fall in sync

Another bloody night hit the cryptocurrency market again. Within the past 24 hours, Bitcoin broke through the $60,000 integer level, briefly touching $59,141 intraday, with a single-day decline of about 7.1%. Ethereum also sank sharply at the same time, hitting a low of $1,543, down more than 10%, and is now nearly halved compared with its high at the beginning of the year.

High-market-cap tokens all lose support

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

$1.8 billion liquidated; longs account for nearly 80%

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

This round of sell-off was triggered by multiple bearish factors hitting at the same time. Heightened tensions between the US and Iran pushed up crude oil prices and inflation expectations, and the Federal Reserve’s rate-cut timeline continued to be pushed back. Strategy (formerly MicroStrategy) sold 32 Bitcoins (about $2.5 million) at the end of May. Although the quantity was not large, it was the company’s first BTC sell-off in nearly four years, dealing a severe blow to market confidence. Spot Bitcoin ETFs have also continued to record net outflows, and large investors have reduced their positions in tandem. The S&P 500 index fell 1.65% in a single day, and cross-asset selling further intensified panic.

Frequently Asked Questions

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

According to Coinglass data, over the past 24 hours, total liquidation across the network was $1.829 billion, with 347,462 people liquidated. Long positions accounted for about 79.6% ($1.457 billion), while short positions totaled $372 million.

What are the main reasons behind this crypto sell-off?

It is mainly driven by the simultaneous rise in inflation expectations due to heightened US-Iran conflict, Strategy’s first Bitcoin sell-off in four years, continued net outflows from spot ETFs, and a 1.65% drop in the S&P 500 index, leading to cross-asset selling.