The post $1 Billion In Long Liquidations appeared on BitcoinEthereumNews.com.

The recent political scenario has dealt a massive blow to the crypto economy, with liquidation data on Coinglass revealing that 214,270 traders were liquidated for a total of $1.02 billion. One of them was a whale who found his $201 million long position liquidated. This loss was triggered by a broader crash in the Bitcoin price following the Israeli airstrikes on Iran. Bitcoin is currently trading just above the $104K level, spurred by bulls coming in to take action. This dip has created an opportunity for those who believe that Bitcoin could climb to new highs. Furthermore, it also gives hope to presale investors who are looking for the best crypto to buy now that could rule the charts upon listing. Market is in Panic, But Not all are Selling The loss of $1 billion due to long liquidation has gotten mixed reactions from crypto enthusiasts. Some have stated that “greed will get punished faster than paper hands fold.” Others have said that people should exercise caution when the market is volatile. A $201M whale liquidation on $BTC longs? Greed gets punished faster than paper hands fold. Remember: Bitcoin’s code doesn’t care about your leverage – it’ll shake out overconfidence while grinding higher. Market cleanses itself… for now. — SAG3.ai (@SAG3_ai) June 13, 2025 Furthermore, the Bitcoin liquidation has trickled into altcoins as well. The Ethereum price has also slipped below its $2.7K level and is currently trading around the $2.5K mark. The $2.37K mark currently acts as Ethereum’s critical support, and failure to sustain it could drive the ETH price down around the $2.1K mark. The long recent red has broken below the ascending channel, which means it is critical for ETH to maintain its current level or it could drop to new lows in the coming days. However,…

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Filed under: News - @ June 13, 2025 8:29 am