Nearly 90,000 crypto traders had their positions forcibly closed in the past 24 hours. The 89,779 liquidations are the latest entry in what has become a relentless drumbeat of forced position closures.
A pattern that keeps getting worse
On June 6, over 254,000 traders were liquidated in a single 24-hour window, with total losses estimated between $1.17B and $1.31B. The majority of those losses came from long positions, meaning traders betting on prices going up got caught on the wrong side.
Just days earlier, around June 2-3, roughly 266,000 to 272,000 traders faced liquidation. That event wiped out an estimated $1.76B to $1.8B in positions. Bitcoin alone accounted for somewhere between $773M and $833M of that carnage.
Mid-June data from CoinGlass, a crypto market analytics platform, showed daily liquidation counts hitting 107,077 traders in one snapshot and 68,748 in another, each representing hundreds of millions in evaporated position value. The pattern throughout 2025 and into 2026 is clear: single-day liquidation events exceeding $1B to $2B in total wiped value are becoming more frequent, not less.
