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BTCC / BTCC Square / CoindeskEN /
Crypto Bulls Get Gored: $600M Wiped Out as Bitcoin Stumbles Below $104K

Crypto Bulls Get Gored: $600M Wiped Out as Bitcoin Stumbles Below $104K

Author:
CoindeskEN
Published:
2025-05-31 09:31:12
7
1

Crypto Bulls Rack up $600M Liquidations as Bitcoin Drops Under $104K

Bitcoin’s latest plunge under $104,000 triggers a bloodbath for leveraged traders—liquidations hit $600 million as overconfident bulls learn gravity still exists.

Wall Street analysts shrug—just another Tuesday in crypto.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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