Crypto Market Crash: 217K Traders Liquidate and $11.6B Crypto Options Expires Today

30 May, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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an image to represent the crypto market crash

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.

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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.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. How many traders were affected by the crypto market crash today?

Although all investors were affected by the crypto market crash, 219k took a bigger hit due to liquidation of their stakes.

2. How will the $11.6B crypto expiry affect the market?

The expiration of $11.6B Bitcoin and Ethereum could add bearish pressure to the market, resulting in further crashes.

3. Does this mean the bull run is over?

No, this does not mean the bull run is over, as it's more of a short-term correction amidst unfavorable market conditions.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.