6-6-2025 – The cryptocurrency market has experienced a sharp jolt, with a staggering $634 million in liquidations unfolding over just four hours, according to Coinglass data. The dramatic unwinding underscores the volatility that continues to rattle digital asset traders.
Long positions bear the brunt
A staggering $606 million in liquidations came from long positions, revealing a wave of bullish bets wiped out amid rapid market corrections. In contrast, short positions accounted for just $27.49 million in losses, suggesting a heavily one-sided liquidation cascade.
Meanwhile, Binance Market Data paints a sobering picture for Bitcoin, which has slipped below the 101,000 USDT threshold, now resting at 100,818.820313 USDT. This reflects a tempered decline of 3.71% over the past 24 hours. Ethereum, too, has felt the strain, dipping below 2,400 USDT to trade at 2,395.399902 USDT, marking a more pronounced 8% drop within the same timeframe.
