Bitcoin Futures See Historic Liquidation Imbalance Amid Crypto Market Sell-Off

Bitcoin Futures Liquidation Imbalance

On June 5, Bitcoin (BTC) futures traders faced a significant liquidation imbalance, with $5.51 million in positions cleared within one hour. Long positions accounted for $5.35 million, while only $157,000 came from shorts, resulting in a staggering 3,399% imbalance—one of the most abnormal in recent trading sessions.

This imbalance occurred during a broader BTC price drop, as Bitcoin fell from above $104,800 to intraday lows near $103,800 before a minor recovery. The downward trend was marked by consecutive red candles, signaling sustained selling pressure rather than a sudden volatility spike.

Broader Market Impact

The liquidation activity extended beyond Bitcoin. Ethereum (ETH) saw the highest total liquidations at $6.43 million, followed by Solana (SOL) at $2.65 million. Even smaller-cap assets, such as 1000PEPE futures, experienced liquidations in the hundreds of thousands.

According to CoinGlass data, over $22.6 million in liquidations occurred in the same one-hour window, with 95% targeting long positions. This indicates a heavily bullish market bias before the unwind.

24-Hour Liquidation Overview

In the last 24 hours, total liquidations reached $204.56 million, with long positions accounting for $144.53 million and shorts making up $60.03 million. During this period, 90,800 traders were liquidated. The largest single order was on HTX, where a BTC-USDT position worth $2.21 million was closed.

This significant liquidation activity underscores the volatile and unpredictable nature of the crypto market, highlighting the risks and potential consequences of leveraged trading.