{"id":3530,"date":"2026-06-01T22:23:35","date_gmt":"2026-06-01T22:23:35","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3530"},"modified":"2026-06-01T22:23:35","modified_gmt":"2026-06-01T22:23:35","slug":"bitcoin-slides-toward-71000-as-crypto-liquidations-top-500-million","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/01\/bitcoin-slides-toward-71000-as-crypto-liquidations-top-500-million\/","title":{"rendered":"Bitcoin Slides Toward $71,000 as Crypto Liquidations Top $500 Million"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"588\" height=\"390\" data-id=\"3531\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/06\/IMG_1964-1.jpeg\" alt=\"\" class=\"wp-image-3531\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/06\/IMG_1964-1.jpeg 588w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/06\/IMG_1964-1-300x199.jpeg 300w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Bitcoin suffered another sharp decline in recent trading, falling toward the $71,000 level after failing to sustain the recovery momentum that briefly pushed it close to $74,000 over the weekend.<\/p>\n\n\n\n<p>The leading cryptocurrency dropped around 3% on the day, reaching an intraday low of approximately $71,300 as selling pressure intensified across the market.<\/p>\n\n\n\n<p><strong>Massive Liquidations Shake the Market<\/strong><\/p>\n\n\n\n<p>The sudden downturn triggered a significant wave of liquidations in the cryptocurrency derivatives market. According to market data, total liquidations exceeded $500 million over the past 24 hours, with more than $135 million wiped out within a single hour.<\/p>\n\n\n\n<p>Most of the losses came from long positions, indicating that many traders were positioned for further upside after Bitcoin\u2019s earlier attempt to stabilize around the $74,000 mark. Instead, the market moved sharply lower, catching bullish traders off guard.<\/p>\n\n\n\n<p>Bitcoin and Ethereum accounted for a large share of the liquidated positions, a common occurrence during broad market selloffs when the two largest cryptocurrencies experience heightened volatility.<\/p>\n\n\n\n<p><strong>Bears Regain Control<\/strong><\/p>\n\n\n\n<p>The latest decline follows several days of weak price action, during which Bitcoin repeatedly failed to break through key resistance levels and establish a stronger recovery trend.<\/p>\n\n\n\n<p>With BTC now trading near $71,000, market sentiment appears to be turning increasingly defensive. Analysts are watching this zone closely, as a decisive move below it could open the door to additional downside pressure and spark another round of heightened volatility across the crypto market.<\/p>\n\n\n\n<p>For now, the inability to reclaim higher price levels continues to favor sellers, leaving investors cautious about Bitcoin\u2019s short term outlook.#crypto#cryptonews <a href=\"https:\/\/coinsignals.net\">https:\/\/coinsignals.net<\/a> <a href=\"https:\/\/t.me\/coinsignalpublic\">https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin suffered another sharp decline in recent trading, falling toward the $71,000 level after failing to sustain the recovery momentum that briefly pushed it close to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3530","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3530"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3530\/revisions"}],"predecessor-version":[{"id":3532,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3530\/revisions\/3532"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}