NewsletterCrypto Market Crash: 217K Traders Liquidate and $11.6B Crypto Options Expires Today
Highlights
- The crypto market crashed today, resulting in the liquidation of 219k traders.
- Nearly $712M has been wiped out of the market and more at stake with $11.6B crypto options expiry today.
- Investors' sentiments shifted sharply, resulting in Bitcoin ETF outflows and a price crash, impacting the broader market.
The crypto market crash hit the investors with a sudden attack as most anticipated further recovery amid the hold on Trump Tariff and Bitcoin’s price surge. However, the investors’ sentiments changed significantly at the May end with many key macroeconomic events, including the US PCE data. Let’s discuss the key reasons behind the drop.
219K Traders Liquidated in Today’s Crypto Market Crash
The crypto market cap has declined more than 3% in the last 24 hours, and investors’ sentiments on the fear and greed index have moved down to 61. Despite being in the greed zone, the impact is significant on crypto assets’ performance, including Bitcoin, as its price crashed to $104.8k earlier in the day.
The same is true for most altcoins, as they followed a similar trajectory. Ethereum plummeted 3.74%, XRP price crashed 4%, Solana 5%, and Dogecoin declined 10% today. Due to this, more than 219k traders were liquidated, and $712.08M was lost from the market.
Interestingly, out of these, more than $380M were liquidated in just 4 hours, with the loss of $643.84M in long and $68.26M in short.
$11.6B Bitcoin & Ethereum Options Expires Today
Amid this bloodbath, more is at risk if the crypto market crash continues. According to the Deribit exchange data, $11.6 billion worth of Bitcoin and Ethereum options will expire today, putting bearish pressure on the entire cryptocurrency market.
Out of these 93K BTC options, worth a notional value of $10 billion, would expire today with a put-call ratio of 0.88. Moreover, the maximum pain point is $100k, which signals that a further crash could form.
Additionally, 624K ETH options (~$1.62B), with a put-call ratio of 0.81, would expire, with a max pain point at $2,300.
Why is the Crypto Market Crashing Today?
The crypto market crash is the result of the various macroeconomic and technical factors impacting investors’ sentiments. It includes the upcoming US PCE inflation data, expected to drop to 2.2% (YOY), US-China and US-UK trade talks, upcoming jobless claims data, and more.
Moreover, the Bitcoin ETF saw a negative net flow for the first time in 10 days. It has been a highlighted position, and Bloomberg even reported that investors are ditching Gold for BTC due to high adoption. However, along with Gold’s decline today, Bitcoin ETF saw $346.8M in outflows.
Negative ETF flows for Bitcoin.
Positive flows for Ethereum.
MONEY IS FLOWING INTO $ETH! pic.twitter.com/sFRxAfkNnN
— CryptoGoos (@crypto_goos) May 30, 2025
Nevertheless, this does not necessarily mean that the bull run is over. Experts believe it is a healthy correction, and such pullbacks could fuel the rally.
Frequently Asked Questions (FAQs)
1. How many traders were affected by the crypto market crash today?
2. How will the $11.6B crypto expiry affect the market?
3. Does this mean the bull run is over?
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