Bitcoin Drops Below $103K as BTC Liquidation Surges Amid Geopolitical Tensions

On June 21, Axel Adler shared insights on long-liquidation dominance and BTC changes. He noted that this metric had jumped from 0% to 10% over the past week. On June 20, the crypto market faced a huge selling pressure. BTC liquidation volumes surged. Bitcoin price dropped to $102,225. This triggered liquidations to hit over $464 million. The past week saw increasing volatility and leveraged positions wiped out in large numbers. Amid geopolitical tensions, U.S. tariffs, and global trade changes, investors are eyeing safer investments. 

Axel Adler Flags Long Liquidation Dominance Surge

Analyst Axel Adler posted on X about a sharp rise in long liquidation dominance. He noted that this metric surged from 0% to 10% last week. Despite this, Bitcoin remained within a tight range between $103,000 and $106,000. Adler described the price action as a “good signal,” suggesting strong buyer support.

Source: Axel Adler X Post on June 21, 2025

He added that if long liquidation dominance grows another 5% to 7%, the market may flush out remaining bears. A future decline in the metric could mark a turning point and signal bullish momentum in futures. The rise in BTC liquidation without a massive crash shows resilience among buyers.

BTC Liquidation Hits $464 Million on June 20

June 20 recorded one of the most volatile trading days this month. Bitcoin dropped to $102,225, failing to cross resistance near $106,000. According to Coinglass, the market saw $466 million in liquidations. Long positions accounted for $392.9 million, while shorts made up $73.4 million. This BTC liquidation wave hit 130,736 traders. The largest single liquidation order happened on Bybit’s BTCUSD pair, worth $8 million.

Ethereum saw even heavier losses, with $157.8 million in liquidations, beating Bitcoin’s $124.1 million. The altcoin market followed ETH’s path, posting new monthly lows. Ethereum dropped to $2,363 before recovering slightly to $2,412. The Bitcoin price hovered near $103,122, with bulls struggling to hold the key $102,000 support level.

June 18 to 19 Data Show Earlier Warning Signs

June 18 saw BTC fall below $105,000. Market analysts linked the move to rising geopolitical tensions and weak global markets. The steep decline led to $1.27 billion in long liquidations, hitting leveraged traders hard. Ethereum dropped 7.9%, while Solana fell 8.7%. Analysts blamed macroeconomic uncertainty, Treasury yields, and the stronger U.S. dollar for the correction. June 19 brought slight relief, but pressure remained. CoinGlass data showed $126 million in total crypto liquidations over 24 hours. Longs made up $73.01 million, and shorts totaled $52.94 million. 

Ethereum liquidations hit $38.56 million, while Bitcoin saw $25.07 million in liquidations. OKX recorded the biggest single order on ETH-USDT-SWAP, worth $1.25 million. A total of 55,361 traders got liquidated on that day alone. Bitcoin remains up 40% year-to-date despite the recent correction. Analysts warn that if BTC dips below $102k, it might not stop until it hits the border of $90k. They believe that the $102k is the resistance level. 

BTC Liquidation Surge Amid Global Tensions

BTC liquidation volumes surged on June 20 as Bitcoin plunged to a monthly low of $102,225. The market wiped out over $464 million in leveraged positions, hitting long traders the hardest. Ethereum and altcoins followed, reflecting global tensions and financial market fears. Axel Adler highlighted rising long liquidation dominance, suggesting a possible sentiment shift. As traders eye the $102,000 support level, the next few days could define the short-term crypto outlook. Despite the correction, BTC still shows long-term strength, backed by earlier institutional flows and strong support zones.