CryptoEconomyEN posts $731M liquidation analysis

CryptoEconomyEN said in a June 1 post on X that NEAR Protocol and Worldcoin outperformed during a broader crypto selloff that coincided with roughly $731 million in liquidations. The post, which circulated in trader communities, paired token-performance charts with a liquidation figure and said the move reflected broader volatility in leveraged trading. Public market data on June 2 showed a similar scale of forced unwinds across crypto derivatives markets. CoinGlass listed about $724.6 million in liquidations over 24 hours, most of them long positions. ### What did CryptoEconomyEN actually post on June 1? CryptoEconomyEN posted on June 1 that NEAR and Worldcoin were among the tokens holding up better than the broader market during a sharp move that hit leveraged traders. The X post cited about $731 million in crypto liquidations and framed the move as part of a volatility-driven washout in derivative positions. The June 1 post was shared into trading circles on X, where users focused on the contrast between falling benchmark tokens and pockets of relative strength in selected altcoins. (coinglass.com) The post itself centered on comparative price action rather than a new exchange disclosure or company filing. ### How large was the liquidation wave? CoinGlass data viewed on June 2 showed $724.57 million in total liquidations over 24 hours, including $616.01 million in long liquidations and $108.56 million in shorts. (x.com) CoinGlass also said 135,776 traders were liquidated in that period, with the largest single liquidation order occurring on Binance in BTCUSDT at $23.99 million. The gap between CryptoEconomyEN’s roughly $731 million figure and CoinGlass’s $724.57 million snapshot is consistent with how liquidation tallies move throughout the day as exchange data updates. (x.com) The figures point to the same event window: a broad derivatives flush during a falling market. ### Which tokens were holding up better than the broader market? Decrypt reported on June 2 that NEAR Protocol rose about 15% over 24 hours, while Worldcoin and Internet Computer gained around 12% and 11%, even as Bitcoin fell below $70,000. (coinglass.com) The report said Bitcoin’s drop to about $69,034 was accompanied by roughly $728 million in leveraged-position liquidations, citing CoinGlass data. The same Decrypt report said the broader market remained in risk-off mode while a handful of altcoins posted gains tied to token-specific narratives. Decrypt attributed that interpretation to named market participants, including Andri Fauzan Adziima of Bitrue Research Institute and Tim Sun of HashKey Group. ### Were shorts or longs hit harder? (decrypt.co) CoinGlass data on June 2 showed longs were hit far harder than shorts, accounting for about 85% of the 24-hour liquidation total. That breakdown indicates the selloff mainly forced out traders positioned for prices to keep rising, rather than traders betting on declines. Decrypt separately reported that Bitcoin had fallen more than 4% over 24 hours during the move. (decrypt.co) In that report, Bitrue Research Institute’s Andri Fauzan Adziima said geopolitics helped trigger a risk-off move, while HashKey Group’s Tim Sun pointed to U.S. Treasury yields and weaker risk appetite. ### Where can readers verify the post and the market data? (coinglass.com) The June 1 CryptoEconomyEN post remains on X under the account’s public timeline, and the liquidation totals can be checked against CoinGlass’s live liquidation dashboard. Decrypt’s June 2 market report provides a separate published account of NEAR and Worldcoin outperforming while Bitcoin traded below $70,000. June 2 market dashboards were still updating as prices moved, so the exact liquidation total can change intraday. (decrypt.co) The next verifiable reference points are the live CoinGlass readings and any follow-up posts from CryptoEconomyEN or exchange-linked market trackers on X. (x.com)