Hot Topic 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 reaching approximately $934 million. BTC and ETH suffered the heaviest losses.
After falling below key support, BTC approached the 67K CME gap, triggering a chain reaction of long liquidations. SOL futures open interest fell 30% in 30 days, signaling a massive exit of long positions.
Prediction markets are increasingly betting on BTC falling below 70K by the end of the month. On-chain whale behavior is reportedly similar to the 2022 bear market; it is necessary to watch if the CME gap gets filled.

Event Timeline

  • 22:39
    5/28
    Latest

    Prediction market bets on BTC falling below 70K by month-end continue to rise

  • 10:00
    5/28

    SOL futures open interest fell 30% in 30 days

  • 07:00
    5/28

    24-hour total market liquidations reached $934 million, 167,400 accounts liquidated

Related Targets

BTCUSDT
BTCUSDT
$78,908.2
BTC0,00%
MC
2,74 Mld $
24h Volume
3,92 Mld $
AI AnalysisBTC falling below key support and approaching the CME gap is the core catalyst for this round of chain liquidations.
ETHUSDT
ETHUSDT
$2,463.07
ETH0,00%
MC
1,92 Mld $
24h Volume
2,26 Mld $
AI AnalysisLoss amount second only to BTC in this liquidation event, highly correlated with BTC
SOLUSDT
SOLUSDT
$97.84
SOL+0,03%
MC
418,32 Mln $
24h Volume
684,58 Mln $
AI AnalysisFutures open interest fell 30% in 30 days, the most significant withdrawal of long positions among major coins
XRPUSDT
XRPUSDT
$1.46
XRP0,00%
MC
242,66 Mln $
24h Volume
413,41 Mln $
AI AnalysisAffected by the broad altcoin downturn, synchronized with the current deterioration of macro sentiment
XLMUSDT
XLMUSDT
$0.1899
XLM-0,01%
MC
23,27 Mln $
24h Volume
10,37 Mln $
AI AnalysisSame payment sector as XRP, simultaneously under pressure during this round of altcoin declines

The above content is AI-generated for reference only.