The US Stock Market Drives Crypto Market into Accelerated Decline, Leading to $160 Million in Liquidations in the Past Hour

BlockBeats News, June 5th, after the opening of the US stock market, the crypto market accelerated its decline, with Bitcoin dropping below $61,000 and Ethereum briefly falling below $1,600.

According to Coinglass data, a total of $160 million was liquidated in the past hour, with long liquidations amounting to $156 million. In the past 24 hours, a total of $1.238 billion has been liquidated across the entire market.

A total of 260,647 positions have been liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT, totaling $13.3164 million.