Crypto Traders Lose $1.15B in 24 Hours as BTC, ETH Price Crash

13 Jun, 2025

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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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Crypto Traders Lose $1.15B in 24 Hours as BTC, ETH Price Crash

BTC Price Crash to $103k and ETH’s 10% Drop Liquidated $1.1B

With Israel’s pre-emptive airstrike on Tehran, targeting Iran’s nuclear and missile capabilities, a state of emergency has been issued in the country. Iran is also preparing for retaliation, and the escalation of the war is affecting the global financial market. Panic formed among investors, resulting in a massive price crash in BTC, ETH, and other assets.

Amid this, Bitcoin price crashed to $103k and Ethereum plummeted to $2.4k due to investors’ risk sentiments getting active. CoinGlass data reveals that more than 247k crypto traders were liquidated in 24 hours, losing $1.15B.

Out of this, the largest single liquidation happened on the Binance exchange -BTCUSDT pair, losing $203.1M. Bybit and OKX come next. Besides, Bitcoin alone faced nearly $450M, longs accounting to $422M liquidation, Ethereum faced almost $400M, XRP lost $52M, and so on.

The U.S. CPI and PPI data also played a significant role, as they failed to increase the chance of a Fed rate cut this month.

Traders Shift to Gold With BTC-ETH Price Crash

The crypto market’s fear and greed index sits at 54 (below greed) and has plummeted due to the increased volatility of the assets. The global trading volume is nearly up 25%, dominated by the sellers, crashing the market cap to $3.27T. This reveals that investors’ confidence in digital assets has decreased and is moving towards traditional assets like gold.

The gold price is $3,445.40 at press time after a 1.2% surge today. Silver is also up 0.30% today, currently at $36.40, and oil prices spiked over 10% (Brent at $76.48 and WTI at $74.99 per barrel), and more.

Israel attacks Iran. Oil prices jump 5% while S&P futures fall 1.5%. In response, investors seeking a safe haven buy gold, sending its price up 0.85%. Meanwhile, investors dump Bitcoin, pushing its price down 2%. How can anyone consider Bitcoin to be a digital version of gold?

— Peter Schiff (@PeterSchiff) June 13, 2025

As the BTC and ETH price crash continues, investors have opted for a traditional safe-haven asset. This also challenges Bitcoin’s “digital” gold status.

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 much was lost in crypto liquidation?

Over $1.15B was liquidated within 24 hours, with Bitcoin and Ethereum alone accounting for nearly $850M.

2. Which exchange saw the biggest single-day liquidation?

Binance recorded the biggest single-day liquidation on the BTCUSDT pair, totaling $203.1M.

3. How are Bitcoin and Ethereum currently trading?

After a significant crash, Bitcoin, Ethereum, and the rest of the crypto market are attempting recovery. BTC currently trades at $105.2k, and ETH is at $2.5k.

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.