Bitcoin Drops 20% in June; Long Liquidations Total $91.5M

Bitcoin experienced sharp losses at the end of June, sliding toward $58,000 on June 30 after trading above $60,000 on Monday evening. The token fell to about $58,200, climbed briefly back toward $59,000, then dropped to $58,017 before trading just under $58,400 at 2:30 p.m. EDT.

Over 24 hours the price was down more than 3%, about 6% over seven days and more than 20% over 30 days. Bitcoin began June above $73,500 and hit a year low during the month, contributing to the monthly decline of roughly 20%.

On the final trading day of June, falling prices triggered approximately $91.5 million in liquidations of leveraged long positions. Short positions saw about $12.7 million in liquidations. These forced closures occurred as leveraged traders were unable to meet margin requirements when prices moved quickly.

Bitcoin’s market capitalization fell below $1.2 trillion at month end. The total crypto market capitalization was about $2.1 trillion, down from roughly $4.3 trillion in early October 2025. Year-to-date losses for bitcoin reached 34%.

Over the first half of 2026, the Nasdaq Composite rose more than 12%. Several global equity benchmarks recorded modest to near-double-digit gains in the same period. Gold finished the first half down nearly 7%.

Market participants will monitor July trading to see whether bitcoin can reclaim the $60,000 level and whether its recent price moves continue to diverge from major equity indexes.