{"id":74534,"date":"2026-06-25T13:54:39","date_gmt":"2026-06-25T13:54:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-traders-lose-1b-in-24-hours-as-short-sellers-face-rising-pressure\/"},"modified":"2026-06-25T13:54:39","modified_gmt":"2026-06-25T13:54:39","slug":"crypto-traders-lose-1b-in-24-hours-as-short-sellers-face-rising-pressure","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-traders-lose-1b-in-24-hours-as-short-sellers-face-rising-pressure\/","title":{"rendered":"Crypto Traders Lose $1B in 24 Hours as Short Sellers Face Rising Pressure"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Crypto liquidations topped $1B on Thursday after bitcoin hit a 2026 low of $59,018.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Critics warn that the market correction leaves the derivatives space overcrowded with bitcoin and ethereum shorts.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Analyst Pepesso warns a Bitcoin rally to $69,500 could trigger a massive $4.7B short squeeze.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin Bears Face Key Thresholds<\/h2>\n<p> <span>Cryptocurrency<\/span> liquidations topped $1 billion on Thursday, hours after <span>bitcoin<\/span> plunged to $59,018, its lowest level so far in 2026. Market data as of 3 a.m. EST showed that $781 million in leveraged long positions had been liquidated in 24 hours, compared with $218 million in shorts. A total of 176,694 traders were liquidated, and $12.21 million was the largest single <span>liquidation<\/span> order.<\/p>\n<p>Liquidations on <span>bitcoin<\/span> alone reached $413 million\u2014accounting for roughly 40% of the total\u2014split between $320 million in long bets and $93.4 million in shorts. While the top <span>cryptocurrency<\/span>\u2019s recovery swung the pendulum toward leveraged short positions, analysts warn <span>bitcoin<\/span> will likely see more massive liquidations should it <a href=\"https:\/\/news.bitcoin.com\/bitcoin-faces-55k-stress-test-as-10x-research-cites-several-bearish-signals\/\">drop below the $58,000<\/a> threshold.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Ethereum, meanwhile, saw the next-largest liquidations at $230 million, with long bets accounting for $170 million, or 74% of the total. The spike in ethereum liquidations followed the digital asset\u2019s plunge to $1,557, which left its market capitalization well below the $200 billion mark. <span>Solana<\/span>, which briefly plunged below $65 on Wednesday, June 3, saw liquidations on the digital asset mount to $46 million, split between $37 million in longs and $9 million in shorts.<\/p>\n<p>There were also notable liquidations of long bets on XAG at $25.5 million, Dogecoin at $13.4 million, <span>XRP<\/span> at $12.6 million and HYPE at $7.3 million.<\/p>\n<p>This rapid approach to the $1 billion milestone represents the largest single-day flush of <span>leverage<\/span> since the first week of June market correction, which was characterized by relentless, cascading liquidations. With aggregate <a href=\"https:\/\/news.bitcoin.com\/bitcoins-19-5-open-interest-drop-points-to-healthier-btc-market\/\">open interest<\/a> shifting and analysts broadly predicting a deeper macro decline for <span>bitcoin<\/span> and the broader digital asset complex, skeptics caution that the derivatives space has become an overcrowded short trade.<\/p>\n<p>This heavy <span>bearish<\/span> positioning creates a prime environment for a massive short squeeze. According to social media market analyst Pepesso, a <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bullish<\/a> reversal that pushes <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> to $69,500 would trigger an explosive <a href=\"http:\/\/www.bitcoin.com\/get-started\/understanding-liquidation-on-perp-dex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidation<\/a> cascade capable of vaporizing upwards of $4.7 billion in short contracts. In tandem, Pepesso notes that Ethereum bears are exposed to similar systemic risks, with short liquidations estimated to skyrocket to $2.4 billion should the second-largest <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> breach the $1,875 resistance level.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">On June 24, bitcoin fell 5% in 24 hours to a new year-to-date low of $59,018. This marks a nearly\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">On June 24, bitcoin fell 5% in 24 hours to a new year-to-date low of $59,018. This marks a nearly\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/bitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">On June 24, bitcoin fell 5% in 24 hours to a new year-to-date low of $59,018. This marks a nearly\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-traders-lose-1b-in-24-hours-as-short-sellers-face-rising-pressure\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Crypto liquidations topped $1B on Thursday after bitcoin hit a 2026 low of $59,018. Critics warn that the market correction leaves the derivatives space overcrowded with bitcoin and ethereum shorts. Analyst Pepesso warns a Bitcoin rally to $69,500 could trigger a massive $4.7B short squeeze. Bitcoin [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":74535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74534"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74534"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74535"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}