Crypto Exchanges

Story: $647M Lost as Crypto Liquidations Today Hit Thousands of Traders

By Steven Anderson

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U.S. Airstrikes Shake Markets. On June 23, U.S. forces carried out airstrikes on three key Iranian nuclear facilities.

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Bitcoin, Ethereum Lead the Losses. Bitcoin (BTC) dropped 1.27% in the last 24 hours, trading at $101,497 at the time of writing.

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$647 Million in Liquidations: What the Data Shows. According to CoinGlass, crypto liquidations today totaled $647.41 million.

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Which Exchanges Were Hit the Hardest?. Among exchanges, Bybit took the biggest hit, accounting for $252.46 million in liquidations.

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Technical Signals Point to Oversold Conditions. From a technical standpoint, some indicators suggest the market might be nearing a short-term…

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Altcoins Take a Backseat as Bitcoin Dominates. Bitcoin's dominance has risen to 64.9%, reaching cycle highs.

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Despite the Crash, Some Tokens See Green. Not all tokens have been swept up in the downturn. A few outliers have managed to defy the odds,…

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Looking Ahead. With Middle East tensions unlikely to ease soon, the crypto market may remain under pressure in…

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The global crypto market has once again felt the weight of geopolitical turmoil, as more than $647 million was wiped out in liquidations in the past 24 hours.

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On June 23, U.S. forces carried out airstrikes on three key Iranian nuclear facilities. President Donald Trump called the strikes a "success" and warned of further retaliation if…

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This renewed conflict injected fear into already jittery markets. As a result, the total market capitalization of the cryptocurrency sector dropped by 1.50%, now standing at $3.

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Bitcoin (BTC) dropped 1.27% in the last 24 hours, trading at $101,497 at the time of writing. Ethereum (ETH) fell nearly 2%, slipping to $2,241. XRP saw a deeper decline of 2.

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With overall trading volume jumping 26.23% to $136.38 billion, it’s clear that panic-driven decisions are dominating investor sentiment.

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According to CoinGlass, crypto liquidations today totaled $647.41 million. Over 185,000 traders saw their positions wiped out.

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The single largest liquidation occurred on the HTX exchange, where a Bitcoin/USDT long worth $35.45 million was erased in a flash.

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