@Binance Square Official
Bitcoin Plunges Back to $103K, $850 Million Liquidated Across the Market
Bitcoin (BTC) fell sharply to $103,716 in the early hours of Saturday (May 31). More than 270,000 traders were liquidated due to extreme volatility in the crypto market over the past 24 hours, with total liquidations reaching $850.52 million, according to data from CoinGlass.
Of the total liquidations, long positions were hit the hardest, accounting for $773.81 million, while short positions made up just $76.70 million. This shows that the sharp price drop caught the majority of traders—who had been betting on a price rise—off guard.
Bitcoin (BTC) topped the liquidation charts with $254.91 million, followed by Ethereum (ETH) at $122.49 million and Solana (SOL) at $39.92 million.
Meanwhile, various other altcoins collectively saw liquidations amounting to $150.83 million, underscoring the broad impact across the entire crypto market.
The largest single liquidation occurred on OKX, where one position worth $12.74 million was wiped out. These figures highlight the extreme risks of leveraged trading amid unpredictable market swings.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
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💬 Question for the Community:
Were you prepared for this crash? Or did it wipe out your portfolio too?
What’s your next move — buy the dip or wait it out?
