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$615M crypto long liquidations trigger sharp sell-off, Bitcoin dominance rises amid market caution

Market News
05 Jun 2026
Tokenpost
View Source
Bearish
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Over $615 million in long liquidations, mainly in Bitcoin and Ethereum, caused a rapid crypto market sell-off within four hours, signaling a shift from bullish to cautious trading. Bitcoin fell 3.35% to $61,844, Ethereum dropped 7.46% to $1,654, and many altcoins declined even more, reflecting a defensive market stance. The liquidation event was concentrated on exchanges like Binance and Hyperliquid, with traders reducing exposure to high-risk assets and rotating capital toward Bitcoin as a relative safe haven. Market activity remains high but reflects risk management rather than new buying, suggesting continued volatility and careful positioning ahead.

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