{"id":31845,"date":"2025-06-14T10:01:34","date_gmt":"2025-06-14T10:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31845"},"modified":"2025-06-14T10:01:34","modified_gmt":"2025-06-14T10:01:34","slug":"crypto-bulls-see-1-billion-squeeze-as-bitcoin-altcoins-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31845","title":{"rendered":"Crypto Bulls See $1 Billion Squeeze as Bitcoin, Altcoins Crash"},"content":{"rendered":"
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Data shows the cryptocurrency long investors have suffered a massive beating in the past day as Bitcoin and the altcoins have plunged.<\/p>\n

Bitcoin Briefly Broke Under $103,000 During The Crash<\/h2>\n

The cryptocurrency market has been shocked in the past day as Bitcoin and altcoins<\/a> have all gone through a drawdown of some degree. At present, BTC is down about 2%, but its decline was more severe earlier in the day.<\/p>\n

Below is a chart that shows how the asset\u2019s recent performance has been like.<\/p>\n

\"Bitcoin<\/p>\n

From the graph, it\u2019s apparent that Bitcoin briefly slipped below $103,000 during the crash. Following a rebound, the cryptocurrency\u2019s price is now back at $104,800.<\/p>\n

The negative price action has generally been sharper for the other assets in the sector, with the likes of Ethereum (ETH), Solana (SOL), and Cardano (ADA) observing losses exceeding 7%.<\/p>\n

The bearish wave in the market has come as tensions have spiked in the Middle East following Israel\u2019s airstrikes on Iran, with fears of further escalation weighing on investor sentiment.<\/p>\n

Like with any other volatile event in the cryptocurrency sector, the latest sharp price action has also accompanied chaos on the derivatives side.<\/p>\n

Crypto Liquidations Have Crossed $1 Billion In Last 24 Hours<\/h2>\n

According to data from CoinGlass<\/a>, the cryptocurrency market has faced a massive amount of liquidations over the past day. \u201cLiquidation<\/a>\u201d refers to the forceful closure that any open contract undergoes after it has gone underwater by a specific percentage (as defined by the platform).<\/p>\n

Here is a table that shows how the digital asset liquidation numbers have looked for the last 24 hours:<\/p>\n

\"Bitcoin<\/p>\n

As is visible above, the cryptocurrency sector has seen a total of $1.13 billion in liquidations inside this window. Out of these, $1 billion of the contracts involved were long positions. That is, they were betting on a bullish outcome for the market.<\/p>\n

Naturally, the latest price action would have caught these investors off-guard, which is why such a large number of them have been wrapped up in the liquidation event.<\/p>\n

An event like this where a large number of contracts get flushed is popularly known as a squeeze<\/a>. Since longs occupied an overwhelming majority in the latest squeeze, the event would be called a long squeeze.<\/p>\n

Below is a table that shows how the contribution from the individual symbols has looked for this liquidation squeeze.<\/p>\n

\"Bitcoin<\/p>\n

Bitcoin and Ethereum have been top of the list like usual, with $451 million and $300 million in liquidations, respectively. Among the altcoins, Solana has stood out for its $53 million share in the squeeze.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Data shows the cryptocurrency long investors have suffered a massive beating in the past day as Bitcoin and the altcoins have plunged. Bitcoin Briefly Broke Under $103,000 During The Crash The cryptocurrency market has been shocked in the past day as Bitcoin and altcoins have all gone through a drawdown of some degree. At present, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31845","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31845"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31845\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}