{"id":70589,"date":"2025-05-31T03:15:17","date_gmt":"2025-05-31T03:15:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70589"},"modified":"2025-05-31T03:15:17","modified_gmt":"2025-05-31T03:15:17","slug":"over-800m-liquidated-as-bitcoin-price-falls-hard","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70589","title":{"rendered":"Over $800M Liquidated as Bitcoin Price Falls Hard"},"content":{"rendered":"

Bitcoin just reminded everyone that <\/span>it\u2019s<\/span> still<\/span> the wild child of the financial world.<\/span> After flirting with record highs earlier this month, the price nosedived to around $104,000 on May 30, wiping out billions in value overnight. The move blindsided traders, triggered massive liquidations, and put a serious dent in BlackRock\u2019s headline-making Bitcoin ETF. It took just 24 hours for $827 million to be liquidated, showing how quickly crypto sentiment can flip.<\/span><\/p>\n

Over $800 Million Gone in a Flash<\/span><\/h3>\n

More than $827 million worth of crypto bets were liquidated in just 24 hours. Most of those were long positions, meaning people were counting on the market to keep climbing. Instead, it dropped fast. Once the selling started, it fed on itself. Leverage disappeared, accounts <\/span>got<\/span> wiped, and prices kept sliding.<\/span><\/p>\n

BITCOIN DIPS AS WHALES FACE LIQUIDATION<\/p>\n

Bitcoin pulls back sharply with $841 million liquidated in the past 24 hours.
James Wynn\u2019s high-profile 40x BTC long is now at risk, while Dogecoin leads altcoin losses in the red zone.<\/p>\n

Source: @BTCTN<\/a> pic.twitter.com\/CTIeHmQ0wu<\/a><\/p>\n

\u2014 Crypto Town Hall (@Crypto_TownHall) May 31, 2025<\/a><\/p>\n\n

It wasn\u2019t just Bitcoin feeling the pain. Ethereum dropped below $2,630. <\/span>Dogecoin <\/span>got hit harder<\/span>, falling nearly 10 percent to under 20 cents.<\/span> The total crypto market lost about $160 billion in a single day.<\/span><\/p>\n

BlackRock\u2019s Bitcoin ETF Takes a Bruise<\/span><\/h3>\n

BlackRock\u2019s iShares Bitcoin Trust (IBIT) had been on a winning streak. <\/span>It <\/span>raked in<\/span> more than $6.3 billion in May alone and <\/span>climbed into<\/span> the top tier of global ETFs.<\/span> Just a few days ago, it looked unstoppable.<\/span><\/p>\n

Then Bitcoin tanked, and IBIT got dragged down with it. That\u2019s the catch with a spot ETF tied directly to Bitcoin\u2019s price. It flies high when things are good, but it can just as easily nosedive when the market turns.<\/span><\/p>\n

For now, IBIT is still sitting on tens of billions in assets. <\/span>But<\/span> this dip <\/span>is<\/span> a wake-up call for investors who <\/span>might<\/span> have thought the hard part was over.<\/span><\/p>\n

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n

Trump\u2019s China Move Adds to the Chaos<\/span><\/h3>\n

This market mess didn\u2019t happen in a vacuum. President Trump reignited U.S.-China tensions this week by announcing fresh tariffs on Chinese imports. <\/span>He accused China of <\/span>breaking<\/span> a trade deal by <\/span>holding back<\/span> rare earth exports, which are <\/span>key<\/span> for everything from <\/span>tech<\/span> gear to electric cars.<\/span><\/p>\n

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