#binance #hype #zec #near
04/06/26 03:00 UTC-04

Liquidations Exceed $1.6 Billion as Bitcoin Falls Below $62,000

Cryptocurrency Cryptocurrency
Cryptocurrency Liquidations Exceed $1.6 Billion as Bitcoin Falls Below $62,000

On June 4, 2026, Bitcoin dropped sharply to around $61,300. The asset later recovered part of its losses and moved back above the $64,000 level. The last time Bitcoin traded near these prices was in February 2026.


BTC/USDT chart on the Binance exchange. Source: TradingView.

Against the backdrop of the market decline, liquidations in the cryptocurrency futures market surged. According to CoinGlass, traders lost more than $1.6 billion over the past 24 hours due to forced position closures. Long traders suffered the largest losses:

  • more than $1.35 billion in liquidations came from long positions, while around $257 million came from short positions;
  • Bitcoin traders recorded the largest losses, with more than $736 million liquidated;
  • Ethereum liquidations exceeded $368 million;
  • Solana liquidations reached nearly $84 million.


Liquidation volume in cryptocurrency futures markets. Source: Incrypted.

Overall, more than 271,000 traders were liquidated.

The largest single liquidation was recorded on the decentralized exchange Hyperliquid. A BTC/USD position worth approximately $16.2 million was forcibly closed.

Earlier, well-known Bitcoin critic Peter Schiff predicted that Bitcoin could fall below $20,000

See also: "Bitcoin Falls to a Four-Month Low Amid Rising Tensions Around Iran"

#Crypto Market #outflows #Capitalization #Bitcoin (BTC) #Price drop

Editor: Yulia Krasnaya
Comments

Similar

13/02/26 01:27 UTC-04

Bitcoin’s decline was accompanied by chaos in the U.S. stock market

On Thursday, U.S. stock markets showed mixed performance: the Dow Jones Industrial Average edged higher, while the S&P 500 and the Nasdaq Composite remained under pressure as investors reassessed interest rate expectations and pulled money out of fast-growing technology stocks.

15/12/25 02:05 UTC-04

The Crypto Market Is Entering a New Phase — Binance Research

In November, Bitcoin’s share of the total cryptocurrency market capitalization declined to 58.7%, while Ethereum’s share fell to 11.6%. Traders and investors were affected by the decline in share prices of artificial intelligence operators, as well as uncertainty surrounding the timeline for interest rate cuts by the U.S. Federal Reserve (Fed) next year.

21/08/25 23:05 UTC-04

Bitcoin’s Current Weakness Could Push Price Down to $108,000

Crypto analyst BitcoinHyper believes that Bitcoin may face a bearish trend after breaking key support levels. While a short-term rebound is possible, the overall outlook remains cautious. Traders are advised to manage risk amid unstable market conditions.