Hotspot TrackingWorth Watching

Total market liquidations near $1 billion in 24 hours, $BTC drops to 6-week low

Event Interpretation

BTC dropped to a 6-week low, 167,400 accounts were liquidated within 24 hours, with total liquidations at approximately $934 million; BTC and ETH suffered the heaviest losses.
After BTC broke through key support, it approached the 67K CME gap, triggering a chain liquidation of longs. SOL futures open interest dropped 30% in 30 days as longs exited in large numbers.
Prediction markets show the probability of BTC dropping below 70K by the end of the month continues to rise; on-chain whale behavior is reportedly similar to the 2022 bear market. Attention is needed on whether the CME gap will be filled.

Event Timeline

  • 22:39
    5/28
    Latest

    Prediction market odds for BTC dropping below 70K by month-end continue to rise

  • 10:00
    5/28

    SOL futures open interest cumulatively fell 30% in 30 days

  • 07:00
    5/28

    Total market liquidations reached $934 million in 24 hours, 167,400 accounts liquidated

Related Targets

BTCUSDT
BTCUSDT
$86,189.6
BTC+0.02%
MC
$2.98B
24h Volume
$4.56B
AI AnalysisBTC breaking key support and approaching the CME gap is the core triggering asset for this round of chain liquidations.
ETHUSDT
ETHUSDT
$2,748.15
ETH+0.01%
MC
$2.11B
24h Volume
$2.54B
AI AnalysisLoss amount in this liquidation is second only to BTC, highly correlated with BTC
SOLUSDT
SOLUSDT
$117.55
SOL+0.01%
MC
$486.62M
24h Volume
$424.34M
AI AnalysisFutures open interest fell 30% in 30 days, the most significant withdrawal of longs among major coins
XRPUSDT
XRPUSDT
$1.53
XRP+0.03%
MC
$273.05M
24h Volume
$360.95M
AI AnalysisAffected during the general altcoin decline, synchronized with worsening macro sentiment
XLMUSDT
XLMUSDT
$0.21309
XLM+0.03%
MC
$25.87M
24h Volume
$22.91M
AI AnalysisBelongs to the same payment sector as XRP, simultaneously under pressure during this round of altcoin declines

The above content is AI-generated for reference only.