Crypto selloff triggers over $1.70 billion in daily liquidations as Bitcoin falls

Bitcoin briefly dropped to about $61,300 before rebounding near $62,500, while a two-day rout drove roughly $3 billion in forced liquidations, hit Solana and coincided with fresh ETF outflows and growing $60,000 put-option bets.

BTC

SOL

20d ago

Fact Check

The SolanaFloor post precisely matches the claim's headline figures ($1.70B liquidated, 290,000+ traders, sharp BTC/ETH/SOL declines). TradingView/Coinpedia independently confirms ~$1.7B in liquidations from the Bitcoin crash on June 3, 2026. Btcexpertindia corroborates the >$500B market cap loss over 25 days. WhaleInsider and CryptooIndia provide consistent liquidation magnitudes (with normal variation across aggregators and time windows). The cluster of independent reports on the same day supports the claim with high confidence.

Summary

Crypto markets saw more than $1.70 billion in liquidations over 24 hours, affecting over 290,000 traders, during a broader selloff that erased more than $500 billion from the sector over 25 days. Over two days, total liquidations were reported at roughly $3 billion. Bitcoin fell to about $61,300 before rebounding toward $62,500, after being cited around $62,638, down 6.63%, in a later market update. Ether fell 6.71% to $1,757, while Solana dropped to $66, described as its lowest level since December 2023 and in newer reporting as a 52-week low. Fresh ETF outflows added to pressure, and traders increased bets on $60,000 put options, signaling expectations that further downside was possible.

Terms & Concepts

liquidations: Forced closure of leveraged trading positions when losses breach exchange thresholds.
ETF outflows: Money leaving exchange-traded funds, which can signal weakening investor demand.
put options: Contracts that gain value if prices fall.