#OrderTypes101 @everyone

# **Bitcoin Falls Back to US$103 Thousand, US$850 Million Liquidation Occurs in the Market**

Bitcoin (BTC) experienced a decline to US$103,716 on Saturday (31/05) early morning. More than 270,000 traders were liquidated due to extreme volatility in the crypto market in the last 24 hours, with a total liquidation value reaching US$850.52 million according to data from CoinGlass.

Of the total liquidation, *long* positions dominated with a value of US$773.81 million, while *short* positions amounted to only US$76.70 million. This indicates that the price drop of Bitcoin has massively impacted the majority of traders who predicted a price increase.

Bitcoin (BTC) became the asset with the highest liquidation value, recording a loss of US$254.91 million. Followed by Ethereum (ETH) at US$122.49 million and Solana (SOL) at US$39.92 million.

Meanwhile, various other altcoins collectively recorded a liquidation value of US$150.83 million, showing the scale of the widespread impact across the cryptocurrency market.

The largest liquidation was recorded on the OKX platform, with one position liquidated worth US$12.74 million. This data reaffirms how high the risks are in leveraged trading amidst extreme price movements that are unknown to occur.

*Disclaimer Alert. Not Financial Advice* (NFA). *Do Your Own Research* (DYOR).