Bitcoin deepens the losses causing liquidations for USD $ 850 million

By Hannah Pérez

Bitcoin fell momentarily below USD $ 104,000, extending the negative action and causing a liquidation waterfall in the cryptocurrency market. The movement coincided with the PCE report in the US.

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Bitcoin fell momentarily below USD $ 104,000.
Sudden losses caused liquidations for USD $ 850 million in cryptocurious.
The price action worsened after the turn in Trump’s rates and PCE data.
Bitcoin is still heading to close May with a 10%gain, solid over USD $ 100K.

Bitcoin (BTC) has entered a little more in bassist territory, causing broader losses in the cryptocurrency market and activating a liquidation waterfall for hundreds of millions of dollars in a matter of hours.

After having conquered a new price maximum of price (ATH) close to $ 112,000 on May 22, Bitcoin He has faced new pressure for commercial policy. The cryptocurrency was corrected below USD $ 105,000 on Saturday after President Donald Trump threatened with new rates for the European Union and Apple.

As the news lost effect on the market, the largest digital currency recovered over USD $ 110,000 on Tuesday before a dramatic turn in American politics. On Wednesday, a federal court in the United States ruled that Trump had exceeded his authority when he imposed tariffs for a series of countries, ordering his immediate blockade.

However, things were not there, since a day later, a Superior Court of Appeals in the US left that ruling ordering on Thursday night resume tariffs waiting for an appeal by the Trump government.

The developments, which revived the concerns of a commercial war, the markets disturbed. The BTC price decreased Friday morning (ET) below USD $ 106,000, 6% less from its historical record last week.

The losses became even more pronounced in the midst of the writing of this article, with Bitcoin sinking momentarily towards a local minimum of USD $ 103,713, just over 7% below its ATH, according to data from Coinmarketcap.

Liquidations arise on USD $ 850 million

The cryptocurrency market in general shows a negative price action, with some main Altcoins registering broader falls up to two percentage digits in 24 hours. Dogecoin (Doge) is among the largest losers with a 10.5%decrease, while Ether (ETH) and XRP face less pronounced losses of around 4%.

Sudden agitation in cryptocurrency market prices caused an increase in leverage positions. The data of Coinglass show that Liquidations arose over USD $ 850 million in 24 hours on Fridaywith almost 280,000 individual operators facing the unexpected closure of their positions.

Approximately USD $ 765 million of the total number of liquidations corresponds to long positions (betting at higher prices), according to the data. Bitcoin In case it only observes liquidations for USD $ 46 million in 24 hours, where most are long.

Liquidations on May 30, 2025. Source: Coinglass

The price action in the cryptocurrency market became more volatile after the publication of the monthly report of personal consumption expenses (PCE) in the United States. The PCE decreased to 2.1% in April from 2.3% in March, which reflects a brake on the activity activity among US consumers. The inflation indicator is widely followed by the Federal Reserve and could be key to the next monetary policy decision of the Central Bank.

Despite the pronounced reverse in prices, Bitcoin It is yet to close the month of May with a gain of 10%according to data from Coinglass. The largest cryptocurrency for market capitalization accumulates more than 20 consecutive days above the key psychological threshold of USD $ 100,000, which is a sign of persistent demand for investors.

The end of the 10 -day streak in a row between the funds listed in the stock market (ETF) of Bitcoin In cash on Thursday, it coincides with the bearish action, however the persistent purchases of the ETF of BlackrockIbit, reflect a sustained interest of investors.

The popular merchant James Wynn, known for his risky bids leverage of cryptocurrencies, opened new long Bitcoin positions on Friday despite having experienced losses for more than USD $ 100 million in the middle of the earlier slip in prices. In addition to BTC, he is also betting on the Memecoin Pepe.

BTC changes hands around USD $ 104,700, 1.68% lower in 24 hours at the time of publication.

Hannah Estefanía Pérez / Diariobitcoin

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