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$1.84B crypto liquidations hit as Bitcoin longs lose $883M amid geopolitical tensions and ETF outflows

Market News
03 Jun 2026
Crypto Briefing
View Source
Bearish
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Crypto markets saw $1.84 billion in liquidations within 24 hours on June 3, the largest since February, driven mainly by $1.66 billion in long position losses. Bitcoin longs alone lost $883 million, including a $59.67 million position on HTX. The selloff was triggered by Bitcoin falling below $66,000, compounded by US-Iran tensions raising oil prices and $3.5 billion in ETF outflows over ten days. This event highlights the risks of leveraged trading and shows institutional investors may be treating crypto more as tactical trades than long-term holds.

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