Crypto liquidations hit $144M in four hours with $125M from long positions, highlighting extreme leverage and one-sided market positioning.

Crypto markets continue to struggle even as risk markets across the globe surge higher.

Crypto liquidations hit $144M in four hours with $125M from long positions, highlighting extreme leverage and one-sided market positioning.

Crypto futures liquidations hit $144M in just four hours, with $125M from long positions. Here's what drove the cascade and what it means for traders.

The single biggest unwind was a $59.67 million BTC-USDT long on HTX.

Over $1.84 billion in crypto positions were liquidated in 24 hours, with Bitcoin longs accounting for $883M as geopolitical tensions and ETF outflows

Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff erased more than $1.2 billion in leveraged crypto positions.

Wednesday's Bitcoin flash crash below $62,000 caught leveraged traders badly offside, triggering $1.8 billion in forced liquidations.

BTC price crashed to $61,300 before recovering to $62,500 as $3 billion in liquidations hit over two days and traders loaded up on $60,000 puts anticipating further losses.

Bitcoin dropped to $60,000 as $1.76 billion in crypto liquidations hit in 24 hours, driven by ETF outflows, leverage cascades, and macro headwinds.