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

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-06 10:47:14

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.

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