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Crypto markets face $1.2B liquidations as Bitcoin and Ethereum longs get squeezed amid volatility

Market News
04 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

Crypto markets experienced $1.2 billion in liquidations over 24 hours, driven mainly by Bitcoin and Ethereum long positions being squeezed amid high volatility. Bitcoin liquidations totaled about $778 million, Ethereum $400 million, with altcoins like Solana and Sui also seeing sharp liquidations. This long squeeze caused rapid price swings and forced closures of leveraged positions across major exchanges, highlighting ongoing market instability. Despite the selloff, Bitcoin and some altcoins showed price resilience, indicating a volatile but active trading environment.

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