Crypto Liquidations Hit $1B as Bitcoin, Ethereum, XRP Tumble on PCE Inflation Fears

Over $1B in crypto positions were liquidated in 24 hours as Bitcoin dropped to $58K, with $415M in BTC, $230M in ETH, and $14M in XRP liquidations. A $10B Bitcoin options expiry on Deribit and $6.4B in monthly ETF outflows added to the selling pressure.

• $1B in total crypto liquidations over 24 hours, with 176,530 traders affected and $780M from long positions.
• Bitcoin led with $415.8M liquidated, followed by Ethereum at $230.3M and XRP at $14.2M.
• A $10B Bitcoin options expiry on Deribit is set for Friday, adding further market uncertainty.
• US spot Bitcoin ETFs saw $6.4B in withdrawals over the past 30 days, the largest monthly redemption ever.
• Prediction markets show 64% odds that Bitcoin will drop below $50,000.

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Last updated 26 Jun 2026