On May 27, crypto markets plunged after the White House denied that a US-Iran memorandum of understanding had been reached, with Bitcoin briefly falling below 74,800 US dollars. Coinglass data shows total liquidations exceeded 407 million US dollars in the past 24 hours, with long positions accounting for over 80 percent. Nearly 100,000 traders were forced out. Persistent ETF outflows and approaching options expiry are accelerating leverage unwinds across the market.

Gate广场_Official

17h ago

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User_any

27m ago

The cold wind that started blowing last week just turned into a gale. BlackRock's IBIT—the flagship institutional gateway to Bitcoin—just hemorrhaged $528 million in a single day. It is the second-largest daily outflow since the fund launched, and it dragged Bitcoin below the $73,000 support. The "easy" institutional bid has vanished, leaving pure conviction as the only thing holding the floor.
🔹 The cascade accelerated on May 28 when the broader spot Bitcoin ETF complex shed $733 million. The bleeding is no longer isolated to a single fund; it is systemic across the complex. Over the past tw

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Crypto_Buzz_with_Alex

4h ago

💥 24h Crypto Liquidations Hit $407M — BTC Below $74,500!
Last night was wild — geopolitical tensions escalated, U.S. strikes in southern Iran, and the White House denied any deal with Iran. The market panicked, and Bitcoin briefly dropped below $74,500, forcing massive liquidations. Data shows $407 million liquidated across the network and nearly 100,000 accounts wiped out in the past 24 hours.
Here’s my take:
Short-term traders: Tight stops saved some positions, but momentum liquidations wiped out a lot of over-leveraged longs.
Dip buyers: This is an opportunity if you’re disciplined — BTC i

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Gate广场_Official2026-05-28 05:30:01

📢 Gate Plaza | 5/28 Hot Topics: #24h加密合约清算破4亿美元
Last night, geopolitical tensions suddenly escalated, with the U.S. military attacking southern Iran and the White House denying that the U.S. and Iran reached a memorandum, causing a double negative impact that triggered market panic and a sharp plunge late at night, with Bitcoin briefly falling below $74,500! Data shows that the total liquidation across the network surged to $407 million in the past 24 hours, with nearly 100k people forcibly liquidated. How have your recent trades been?
🎁 Share your trades for a chance to win 5 lucky draw winners with a $1,000 position experience voucher!
💬 This week's discussion:
1️⃣ How have your recent trades been? Share quickly!
2️⃣ Should you buy the dip or hold your position at this stage? Show off your strategy!
Share now: https://www.gate.com/post
📅 Deadline: 5/30 18:00 (UTC+8)

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discovery

16m ago

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EagleEye

7h ago

#24hCryptoFuturesLiquidationsTop400M
Fear, Liquidations & The Real Test for Crypto Traders
The crypto market faced another brutal wave of volatility after geopolitical tensions suddenly intensified overnight following reports of U.S. military action targeting southern Iran. Global uncertainty immediately spread across financial markets, and crypto reacted with massive panic selling, sharp price swings, and heavy liquidation pressure.
Bitcoin briefly crashed below the critical $74,500 support zone, while Ethereum and most altcoins followed with aggressive downside movement. Within just 24 hour

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Falcon_Official

9h ago

📢 Gate Square | 5/28 Trending Topic: #24hCryptoFuturesLiquidationsTop400M
Overnight, rising geopolitical tensions shook the market after U.S. forces reportedly struck southern Iran. Bitcoin briefly fell below $74,500, while total crypto liquidations surged to $407M in the past 24 hours. How have your recent trades been?
🎁 Share your trades & 5 lucky users will split $1,000 Position Voucher!
💬 Today’s discussion:
1️⃣ How have your recent trades performed?
2️⃣ Is this a dip-buying opportunity or a time to hold steady?
Join now: https://www.gate.com/post
📅 Ends: May 30, 10:00 UTC

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ybaser

9h ago

#24h加密合约清算破4亿美元
The market reaction is logical; geopolitical shocks tend to trigger rapid leverage reduction in cryptocurrencies, especially when open positions are high, particularly long positions. The liquidation of over $400 million shows just how aggressive positioning had become before the drop.
In my view, this looks more like a volatility-driven liquidation than a full-blown trend reversal. Bitcoin briefly dropping below $74,500 is psychologically significant, but the real question is whether buyers will defend the support in the next 24-48 hours.
My current view:
* Short term: high v

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HighAmbition

15h ago

📢 Gate Plaza | 5/28 Hot Topics: #24h加密合约清算破4亿美元
Sudden Geopolitical Shock Reshaping Global Risk Sentiment
On the night of May 27–28, 2026, global financial markets experienced one of the sharpest sentiment reversals of the month as geopolitical tensions between the United States and Iran escalated rapidly, triggering immediate risk repricing across all major asset classes, including equities, commodities, and particularly the cryptocurrency market, which tends to react faster and more aggressively to uncertainty due to its 24/7 structure and high leverage exposure. Reports indicated that U

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NAJM

16h ago

1) I lost my whole capital recently, honestly feeling down about it.
2) I think it’s a good time to buy, but I wish I could—I’m not able to right now.
#24hCryptoFuturesLiquidationsTop400M

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NAJM:

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CryptoSeth

05-23 07:49

GM 🌻
Yesterday the stock market had a positive reaction to the new Fed chair Warsh.
Everybody was happy and hopeful. Except for people in crypto.
Crypto decided to go for the long liquidation instead.
124,553 traders were liquidated, the total liquidation came in at $583.06 million.
Because for the crypto market short term, making money is more important.
"You can't out trade crime" - SETH

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