In brief
- Crypto liquidations exceed $800 million over the past 24 hours, mostly from longs.
- Bitcoin dipped to nearly $104,000 Friday after setting a new peak just shy of $112,000 last week.
- Dogecoin is the biggest loser in the top 10 coins today, dropping below $0.20 per coin.
Optimistic traders betting on future crypto gains have been largely burned over the last day, with liquidations on crypto positions surging above the $800 million mark over the past 24 hours as prices decline.
More than $827 million worth of bets have been liquidated during that span, per data from CoinGlass, with long positions making the vast majority of the bunch at $747 million worth.
Bitcoin is the biggest single source of pain for traders, making up $222…
Jun 01 2025
