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Bitcoin price falls below $67,000 amid $1.35B long liquidations

Created at 2 Jun · 3:49 PM5 sources↑ Market-relevant4 events
IN SHORT

Bitcoin fell over 6% in 24 hours to an intraday low of $66,948, marking a multi-week low. The sharp decline triggered approximately $1.35 billion in liquidations for long positions, accelerating the market selloff.

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Key Numbers

$66,948Bitcoin intraday low
$1.35 billionLong liquidations triggered
6%Bitcoin price decline in 24 hours

Who's Involved

Exchanges
Liquidated long positions during Bitcoin price decline
Bitcoin price falls below $67,000 amid $1.35B long liquidations

↳ Why This Matters

The rapid decline and substantial liquidations indicate significant downward pressure on Bitcoin, potentially signaling further volatility and impacting investor sentiment in the broader cryptocurrency market.

Key facts

  • Bitcoin price fell over 6% in 24 hours.
  • Bitcoin reached an intraday low of $66,948.
  • The decline triggered $1.35 billion in long liquidations.
  • The selloff accelerated as Bitcoin fell below $67,000.

Bitcoin experienced a significant price drop in early June 2026, falling more than 6% within a 24-hour period to an intraday low of $66,948. This decline pushed the cryptocurrency below the $67,000 mark, reaching a multi-week low. The sharp selloff triggered approximately $1.35 billion in liquidations, primarily affecting long positions, which further accelerated the market downturn.

Frequently asked questions

Bitcoin experienced a sharp decline, falling over 6% in 24 hours to an intraday low of $66,948, which accelerated a market selloff.

The price decline triggered approximately $1.35 billion in liquidations, predominantly for long positions.

Falling below $67,000 marked a multi-week low for Bitcoin and contributed to an accelerated market selloff due to triggered liquidations.

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Cadence

How It Developed

2 Jun · 7:56 PM
Bitcoin fell over 6% to $66,948, triggering $1.35B in long liquidations, reversing earlier gains.
Bitcoin.com News via PiQSuite
2 Jun · 5:02 PM
Bitcoin reached $70,000, leading to $768 million in liquidations, a new high.
Yahoo News | Business Finance, Stock Market, Quotes, News via PiQSuite
2 Jun · 4:44 PM
New article reports total crypto liquidations exceeding $1 billion, a significant increase from the previously reported $650 million in Bitcoin long liquidations.
Yahoo News | Finance Top Stories via PiQSuite
2 Jun · 3:45 PM
Bitcoin saw $650 million in long liquidations over 24 hours, with $340 million occurring in the last four hours.
@RasterlyRock via PiQSuite

Sources

T1
We've seen $650m of long BTC liquidations in the past 24 hours. About 50% ($340m) of that was in the past 4 hours and 20% ($130m) in the past hour. https://t.co/cYG4C35JFo@RasterlyRock via PiQSuite
T1
Crypto Liquidations Top $1 Billion as Bitcoin's Slide Deepensm.piqsuite.com
T1
Crypto Liquidations Top $1 Billion as Bitcoin's Slide Deepensm.piqsuite.com
T1
Bitcoin hits $70K, $768M liquidatedm.piqsuite.com
T1
Bitcoin Sinks to $66,346 as $1.35B in Long Liquidations Accelerate Market Selloffm.piqsuite.com

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