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BTCC / BTCC Square / Global Cryptocurrency /
Crypto Market Crash Today: Liquidations Surge Past $1B Amid Macro Pressure

Crypto Market Crash Today: Liquidations Surge Past $1B Amid Macro Pressure

Author:
Global Cryptocurrency
Published:
2025-06-06 08:23:01
15
2

The cryptocurrency market experienced a sharp decline, with total capitalization dropping 2.93% to $3.21 trillion. Trading volumes spiked 39.75% to $144.4 billion, indicating panic selling or forced liquidations. ETF outflows reached $267.1 million, while the Fear & Greed Index held steady at 46—neutral territory despite the turmoil.

Three key factors drove the selloff: a public dispute between Donald TRUMP and Elon Musk over policy bills, mass liquidations exceeding $1 billion (mostly long positions), and macroeconomic anxiety ahead of U.S. employment data. The latter could influence Federal Reserve policy, compounding market jitters.

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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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