By Isaac • June 3, 2026 2:46 pm •
Roughly $1.84 billion in crypto leveraged positions were liquidated over 24 hours on Wednesday, June 3, as Bitcoin plunged below $66,000 and Ether broke under $1,900.
The long side carried the pain. About $1.66 billion of the wipeout hit traders betting on higher prices.
Trending: Delegate at Minn. GOP convention calls for moment of silence for Derek Chauvin
Bitcoin had been sitting above $71,000. It slid to around $65,700 before the bleeding slowed.
This was a leverage reset, not a slow drift lower. Crowded bullish positioning got forced out across Bitcoin, Ether, Solana and Dogecoin in hours.
$BTC dips below $66,000 pic.twitter.com/3BxN6AptKJ
— CoinDesk (@CoinDesk) June 3, 2026
The single largest liquidation cited was a $59.67 million BTC-USDT long closed on HTX. Binance, Hyperliquid and Bybit handled the bulk
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!