Bybit Market Watch: Bitcoin Drops to $102K Amid $464M Liquidation Storm

On June 20, Bitcoin experienced a sharp decline to $102,225, marking its lowest level in a month. The drop came amid heightened geopolitical tensions and aggressive selling, leading to the largest single-day liquidation event in June. Over $466 million in Leveraged positions were wiped out across the crypto market, with $392.9 million stemming from long positions. Bitcoin's failure to break through the $106,000 resistance level exacerbated the sell-off. Ethereum saw even heavier liquidation pressures, with $157.8 million in positions liquidated compared to Bitcoin's $124.1 million. The broader altcoin market also suffered, sinking to fresh lows as investor sentiment turned bearish. Despite the downturn, seasoned traders view this as a potential buying opportunity, anticipating a rebound as market conditions stabilize.

Bitcoin Tumbles to Monthly Low Amid $464M Liquidation Spree

Bitcoin plunged to $102,225 on June 20, erasing earlier gains as geopolitical tensions and aggressive selling triggered the largest single-day liquidation event this month. The crypto market saw $466 million in leveraged positions wiped out—$392.9 million from longs—as BTC failed to breach $106,000 resistance.

Ethereum outperformed Bitcoin in liquidations at $157.8 million versus $124.1 million, dragging altcoins to fresh lows despite BTC holding $102,000 support. Bybit recorded the largest single liquidation: an $8 million BTCUSD trade.

The selloff mirrored risk-off moves in traditional markets after Middle East military developments. Traders now watch whether $102,000 becomes a springboard or trapdoor for Bitcoin's next move.

Byreal Launches with Strategic Support from Bybit on Solana

Byreal, a new onchain liquidity layer for real assets, has officially launched with strategic backing from Bybit and the solana Foundation. The platform aims to create a distributed financial system that prioritizes authenticity, transparency, and accessibility for both retail and professional participants.

The DeFi space has become plagued by short-termism and unverified promises. Byreal seeks to counter this trend by focusing on builder-first initiatives, trader-centric tools, and DEEP liquidity integration. Its flagship products include a DEX, launchpad, and vault—all designed to leverage Solana's speed and composability.