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BTCC / BTCC Square / Global Cryptocurrency /
BitMEX Exchange Sees $10M Liquidation as Bitcoin Plunge Below $101K Sparks $1B Long Squeeze

BitMEX Exchange Sees $10M Liquidation as Bitcoin Plunge Below $101K Sparks $1B Long Squeeze

Author:
Global Cryptocurrency
Published:
2025-06-06 10:47:14
20
3
BitMEX exchange News -

Bitcoin's price fell sharply below the $101,000 level, dropping to $100,900 before slightly recovering to $102,592. This 2.48% decline triggered massive long liquidations totaling $985.58 million across 227,964 traders, with BitMEX recording a single $10 million liquidation on its XBT/USD pair.

Macroeconomic pressures and political tensions—particularly the escalating feud between Elon Musk and former President Donald Trump—weighed heavily on cryptocurrency markets. Ethereum and Solana followed Bitcoin's downward trend as liquidity surged across exchanges.

|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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