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Bitcoin Liquidations Hit $700M as BTC Slides Below $62K on Tuesday, Long Positions Account for $160M in Losses

Derivatives Data Price Volatility

2026-06-23 10:57:02

BTC-3.24%

ETH-4.17%

According to Bitstamp data, crypto market liquidations surpassed $700 million on Tuesday as Bitcoin fell below $62,000, wiping out recent gains. Long positions accounted for approximately $160 million of Bitcoin's $193 million in total liquidations, while Ethereum recorded $176 million in liquidations with $148 million in long bets. Across the market, long positions made up 80% of total losses, affecting 11,877 traders worldwide. Bitcoin's slide from over $64,000 to just under $62,000 around 4:30 a.m. EST also trimmed its market capitalization to $1.24 trillion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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