As of 19:00 UTC on June 1, 2026, data from CoinGlass, reported by ChainCatcher, showed that total crypto liquidations over the past 24 hours reached $525 million. Long positions accounted for $387 million (73.7%), while short liquidations amounted to $137 million (26.3%), indicating a heavy toll on leveraged longs.
Among major assets, Bitcoin (BTC) led with $186 million in liquidations, comprising $175 million in longs (94.1% of its total) and $11.0065 million in shorts. Ethereum (ETH) followed with $102 million liquidated, of which $88.3283 million were longs (86.6%) and $13.5024 million were shorts. Solana (SOL) saw $19.0023 million in liquidations, with longs at $18.1563 million (95.5%) and shorts at just $846,000. Together, BTC, ETH, and SOL accounted for roughly $307 million, or 58.5% of the total market liquidations, while the remaining $218 million came from other crypto assets.
The liquidation event was dominated by long position unwinding, as price swings in major coins triggered forced closures of leveraged long contracts.