Cryptocurrency3 Jun 2026SEO 801 min read

Analysis: Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%

The single biggest unwind was a $59.67 million BTC-USDT long on HTX. Nearly $1.84 billion in leveraged crypto positions were liquidated in 24 hours as bitcoin…

The single biggest unwind was a $59.67 million BTC-USDT long on HTX. Nearly $1.84 billion in leveraged crypto positions were liquidated in 24 hours as bitcoin fell below $66,000 and ether dropped under $1,900, marking the largest wipeout since Feb. 5. Long positions bore the brunt of the damage, with about $1.66 billion in liquidations led by bitcoin, ether and solana longs, and a single $59.67 million BTC-USDT long closed on HTX. Binance, Hyperliquid and Bybit together handled the bulk of the…

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