Over $97 Million in Crypto Longs Liquidated in Market Drop

Over $97 million in long cryptocurrency positions were liquidated in just one hour on June 17, 2025, impacting key assets like Bitcoin and Ethereum.

Experts note the significance of the $120 billion market cap loss and the bearish turn, with rapid selling impacting major cryptocurrencies.

The liquidations occurred during a marked sell-off affecting major cryptocurrencies, including Bitcoin and Ethereum. This event was highlighted by analysts, with KookCapitalLLC stating the downturn led to margin calls and forced liquidations, which increased volatility.

“A significant sell-off event has triggered widespread liquidations across major cryptocurrencies, including BTC and ETH, as shown in this attached chart. This sudden downturn has led to cascading margin calls and forced liquidations on major exchanges, causing sharp intraday price volatility. Traders are advised to monitor support levels closely and employ risk management strategies, as market sentiment has shifted bearish following this event.” — KookCapitalLLC, Analyst, source

The wave of liquidations saw Bitcoin trading at approximately $109,000, while Ethereum ranged between $2,450 and $2,750. This situation prompted analysts to advise risk management strategies as bears took charge of market sentiment.

Immediate impacts included increased bearish sentiment among traders and elevated pressure on already volatile cryptocurrency prices. The cascading effects spread across major exchanges, amplifying selling momentum.

The financial implications were significant, with forced liquidations reflecting broad deleveraging and a decline in total value locked across the decentralized finance ecosystem. Market sentiment shifted notably, with traders seeking stability amid heightened volatility.

Potential outcomes could include increased regulatory scrutiny due to dramatic market movements. Historical parallels show similar episodes triggering oversight increases and attracting attention from financial authorities. Regulatory bodies, however, have not yet issued any formal response following the liquidation wave.