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Bitcoin plunge triggers $700M liquidations as leveraged positions are wiped out

Market News
23 Jun 2026
Bitcoinist
View Source
Bearish
pluang ai news

Bitcoin's recent price drop caused a massive wave of liquidations totaling around $700 million. This sharp decline forced many traders using leverage to close their positions, highlighting the risks of high leverage in volatile markets. The event underscores the need for cautious trading strategies as Bitcoin remains highly unpredictable.

More News

Hypersurface launches first on-chain Bitcoin premium income vault after acquiring Acre.

Hypersurface launches first on-chain Bitcoin premium income vault after acquiring Acre.

Hypersurface has acquired Acre to create the Hypersurface Bitcoin Premium Income vault (HSBPI), the first fully on-chain Bitcoin volatility trading strategy. This new product allows Bitcoin holders to deposit BTC directly and earn premium income thro...

Company Fundamentals
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1 hour ago
Muskrat Dam First Nation connects to Ontario power grid, ending diesel reliance and enabling community growth.

Muskrat Dam First Nation connects to Ontario power grid, ending diesel reliance and enabling community growth.

Muskrat Dam First Nation in northern Ontario was connected to the provincial power grid on April 9, 2026, allowing the community to shut down costly diesel generators. This connection removes previous power constraints, enabling new construction proj...

Market News
Bullish
1 hour ago
Zealthy launches enhanced virtual weight-loss platform with Zepbound access and insurance support.

Zealthy launches enhanced virtual weight-loss platform with Zepbound access and insurance support.

Zealthy has introduced an upgraded virtual weight-loss care platform that integrates telehealth services, insurance coordination, prescription management, and patient support. The platform allows eligible patients to complete an online health assessm...

Others
Bullish
1 hour ago
EARNED signs top 2026 MLB Draft prospect Cody Boshell as brand ambassador

EARNED signs top 2026 MLB Draft prospect Cody Boshell as brand ambassador

EARNED, a baseball culture brand, has signed Cody Boshell, a leading 2026 MLB Draft prospect and University of Tennessee commit, as a brand ambassador. Boshell is recognized for his powerful left-handed batting and strong work ethic, aligning with EA...

Others
Neutral
1 hour ago
JD.com downgraded to Hold with limited upside despite strong growth outlook

JD.com downgraded to Hold with limited upside despite strong growth outlook

Daiwa downgraded JD.com stock to Hold with a $27 price target, citing limited upside after recent 9.67% share decline. Despite this, analysts expect JD.com to report strong earnings and revenue growth, with EPS projected to rise 21.74% and revenue by...

Analyst Insights
Neutral
2 hours ago
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