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)
Although all investors were affected by the crypto market crash, 219k took a bigger hit due to liquidation of their stakes.
The expiration of $11.6B Bitcoin and Ethereum could add bearish pressure to the market, resulting in further crashes.
No, this does not mean the bull run is over, as it’s more of a short-term correction amidst unfavorable market conditions.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/trending/crypto-market-crash-217k-traders-liquidate-and-11-6b-crypto-options-expires-today/
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