Bitcoin Price Falls Below $105,000, Triggers Liquidations
- Bitcoin falls below $105,000, impacting exchange liquidations.
- No direct commentary from key industry figures.
- Potential for correlated volatility in major altcoins.
Bitcoin’s price fell below $105,000, reaching $104,911 on Binance at 01:28 UTC, May 31, 2025. This marked a significant moment closely monitored by centralized exchanges.
Bitcoin’s price drop triggered up to $577 million in long position liquidations. Exchanges reported market sentiment shifts as a direct consequence of these positions closing. If Bitcoin rises, surpassing $109,000, short positions worth $275 million could also face liquidation, implying potential price recovery.
The market experienced intense sell-offs, paralleling past events like Black Thursday in March 2020. Forced liquidations remained focal, echoing those historical market movements. This dip underlined the volatile nature of Bitcoin, affecting BTC directly and risking spillovers to altcoins due to correlated volatility.
If Bitcoin’s price drops below $105,000, the cumulative long liquidation pressure on mainstream centralized exchanges (CEXs) will reach $577 million. … Conversely, if Bitcoin’s price surpasses $109,000, the cumulative short liquidation pressure … will reach $275 million.
The crypto community paid close attention to liquidation metrics rather than direct commentary from leading industry figures. Binance’s data feeds and other exchanges became primary sources, highlighting the impactful role of liquidations.
Liquidation Analytics, as reported in data feeds
Potential outcomes of these market dynamics include increased volatility in DeFi sectors and other correlated altcoins. Historical trends show that similar events create systemic risks in leveraged crypto markets, cautioning investors and exchanges alike to monitor such shifts vigilantly.
