Red Friday for Bitcoin and cryptos with $1.2 billion in liquidations
Nearly $1.2 billion liquidated in the Bitcoin market in 24 hours
Last night from Thursday to Friday, the price of Bitcoin (BTC) violently dropped from $106,000 to $103,000 following the Israeli operation against Iran (about -3%). For its part, Ethereum (ETH) recorded an even sharper decline of -7.5%, dropping from $2,650 to $2,450.
According to aggregated data from Coinglass, this drop led to the liquidation in 24 hours of exactly $1.16 billion in positions (both buying and selling) on cryptocurrency exchange platforms. Nearly 248,000 traders thus saw their positions liquidated.
As expected, it is the Long (buying) positions that have been the most impacted in recent hours. Indeed, out of the total liquidated, more than $1 billion comes from the bulls. The Short (selling) positions, for their part, lost nearly $124 million due to this strong panic volatility.
If BTC leads the liquidations, it is closely followed by Ethereum
Buyers on Bitcoin are those who have lost the most following this unpredictable event that occurred between Israel and Iran, with over $451 million in liquidations for Long BTC in 24 hours.
Unfortunately for them, bullish speculators on Ethereum are not spared, as they lost nearly $300 million in positions over the same period.
On the cryptocurrency exchange side, it is Binance that registers the most liquidation with nearly $460 million alone. ByBit follows next, with over $375 million liquidated in 24 hours as well.
But cryptocurrencies are not the only ones suffering on this Friday, June 13, 2025. Indeed, the Israeli strikes have caused a risk aversion in global markets. American stock markets, in particular, experienced a significant decline. Thus, the Dow Jones recorded a drop of nearly -1.4% and the S&P500 of -1.7%, which is important for these markets that are less volatile than that of cryptos. Conversely, the price of gold increased by +1.5%, approaching its highs, near $3,500 per ounce (about 31.1 g of pure gold).