Bitcoin Crash Triggers 1.75 Billion Dollars In Liquidations

Bitcoin has just recorded its worst week of 2026. Falling to $59,100, the leading crypto triggered a wave of liquidations worth $1.75 billion and pushed more than half of the BTC supply into unrealized losses. This rarely seen combination of signals revives a central question for investors: is the market approaching a historic bottom or witnessing the start of a new phase of weakness?

Bitcoin Records Its Worst Week of the Year

Bitcoin plunged to $59,100 on June 5, marking its lowest level since the beginning of the year and its worst weekly performance. Indeed, the asset suffered a particularly brutal correction that triggered a domino effect across the entire crypto market. The decline affected investors most exposed to leverage, accelerating selling movements.

The scale of the drop is clearly shown through several indicators :

• $59,100 : the lowest level reached by bitcoin in 2026 ;
• 19.3 % decline over seven days ;
• 26.8 % decrease over thirty days ;
• $1.75 billion in liquidations recorded within twenty-four hours ;
• 351,233 positions were liquidated across the entire crypto market.

These figures illustrate the severity of the correction and highlight the importance of speculative positions that were still present in the market before the drop. The entire crypto ecosystem was affected.

A Historic Indicator Resurfaces on the Bitcoin Network

Beyond price correction, an on-chain data point is particularly monitored by analysts. More than half of all bitcoins currently in circulation are now held at a loss. In other words, a majority of holders own BTCs whose market value is below their acquisition price. This phenomenon is a rarely observed marker throughout the network’s history.

Such a threshold has coincided with each of the major bottoms of previous bitcoin bear markets. While not a guarantee of reversal, this indicator is often interpreted as reflecting an advanced phase of capitulation, during which a significant share of investors is under pressure.

The future will now depend on several variables: the evolution of inflows into the market, macroeconomic conditions, and bitcoin’s ability to maintain its current support levels. While some observers see in this situation a signal historically associated with cycle bottoms, others believe caution remains warranted as long as the pressures weighing on financial markets have not found a lasting resolution. After this particularly turbulent week, the bitcoin market enters a decisive phase of its year.