Crash

New Era

Cryptocurrency

Major

Altcoin

Sharp declines in the cryptocurrency market have led to a large amount of liquidation in futures trading. The total amount liquidated in the last 24 hours reached $923.12 million, with the majority of this consisting of long positions.
According to the data, $770.59 million worth of long positions were liquidated within 24 hours. The amount liquidated from short positions was $152.53 million. Thus, 83.5% of the total liquidations originated from long positions and 16.5% from short positions.
<figure class="wp-caption alignnone"><img src="https://www.bitcoinsistemi.com/wp-content/uploads/2026/06/BitcoinSistemi_Likidasyon_ALL_day_all_exchange-6-scaled.png" alt="" width="2048" height="801">
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 A chart showing the massive liquidation wave in the cryptocurrency market, where each candle represents one day.
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The sharp pullback in Bitcoin’s price contributed to increased market pressure. Bitcoin futures fell as low as $58,995, reaching their lowest level since October 2024. This level indicated that Bitcoin was trading approximately 52 percent below its all-time high.
The selling pressure coincided with a critical period as approximately $10 billion worth of Bitcoin options were set to expire on Deribit. Market observers note that if the spot price fails to recover before expiration, the concentration in the options market could deepen the downward movement.
At the time of writing, Bitcoin was trading at approximately $59,623, while Ethereum was at $1,572. Ethereum also showed a weak performance, indicating a significant decrease in risk appetite in the cryptocurrency market.
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Despite the general market volatility, crypto and AI-focused developments have also stood out among companies. Digital Currency X signed an agreement to raise $700 million in private equity, stating that payment can be made in dollars as well as digital assets such as Bitcoin and Ethereum. The company plans to use the proceeds to grow its digital asset portfolio and AI cloud services.
Hive Digital has signed a letter of intent for a GPU hosting agreement that could extend up to 10 years at its 32 MW Boden facility in Sweden. The company aims to transform the facility to support up to 10,000 Nvidia GB300 GPUs. Hive also announced plans for a new $100 million convertible bond issuance to finance GPU purchases and data center upgrades.
According to a CoinShares survey of 261 asset management professionals in Europe, 25% of advisors cannot see the majority of their clients’ crypto assets. Company policies were cited as a bigger obstacle than advisor information or client requests.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/liquidation-earthquake-following-a-major-crash-in-the-cryptocurrency-market-here-are-the-latest-data/" rel="noopener noreferrer nofollow">Liquidation Earthquake Following a Major Crash in the Cryptocurrency Market: Here Are the Latest Data – Be Even More Careful Tomorrow</a>

Liquidation Earthquake Following a Major Crash in the Cryptocurrency Market: Here Are the Latest Data – Be Even More Careful Tomorrow

Bitcoin Sistemi EN

Other articles published on Jun 25, 2026

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