The volume of liquidations exceeded $670 million amid Bitcoin's drop below $105,000
On the night of May 30, 2025, Bitcoin plummeted below the $105,000 mark, and the prices of most other crypto assets also fell. Against this background, the volume of liquidations in the cryptocurrency futures market exceeded $670 million within 24 hours.
In the last day, positions of more than 200,000 traders were liquidated. Approximately $609 million in losses were attributed to long positions, while over $63 million were due to short positions. Bitcoin and Ethereum predominated among assets — approximately $208 million and $109 million in positions were liquidated in pairs with these cryptocurrencies, respectively.
It is noteworthy that Bitcoin briefly dropped to $104,600. The crash was likely triggered by news that the appellate court temporarily suspended the decision against Trump's tariffs, stating that it needed time to review the submitted materials. At the time of writing, the first cryptocurrency is trading near $105,800:
The U.S. International Trade Court ruled that Donald Trump exceeded his authority by imposing tariffs on dozens of countries under the pretext of a national emergency.