Jun 7, 2025
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Crypto Market Sees $970 Million in Liquidations Amid Bitcoin Volatility
The cryptocurrency sector has experienced significant liquidations due to recent volatility in prices, particularly Bitcoin. Key points include:
Bitcoin Price Volatility
- Bitcoin's price fluctuated from a high of $105,800 to a low of $100,400 before recovering slightly to $104,100.
- Overall, BTC is down less than 2% in the past day.
- Ethereum and Dogecoin have seen larger declines, down nearly 6% and 7%, respectively.
Liquidation Data
- Approximately $970 million in liquidations occurred over the last 24 hours.
- Long positions accounted for about $854 million, or 88% of total liquidations.
- Bitcoin contributed $346 million and Ethereum $286 million to these figures.
The market turmoil follows a public dispute between US President Donald Trump and Elon Musk, which may have influenced investor sentiment.
