If Bitcoin Rebounds, Liquidations Could Reach $1.38 Billion

如果比特币反弹，清算额可能达到 13.8 亿美元

If Bitcoin swiftly recovers from its recent dip to $71,000 on June 6, over a billion dollars worth of short positions will be liquidated.

如果比特币迅速从近期跌势中恢复至 6 月 6 日的 71,000 美元，价值超过 10 亿美元的空头头寸将被清算。

On June 7, Bitcoin declined 3.33% to $68,507 before slightly recovering above the crucial $69,000 level. The decline coincides with broader macroeconomic uncertainty following the United States Employment Situation Summary Report, which revealed higher-than-expected job growth in May.

6 月 7 日，比特币下跌 3.33% 至 68,507 美元，随后小幅回升至 69,000 美元的关键水平之上。这一下降恰逢美国就业形势摘要报告公布后更广泛的宏观经济不确定性，该报告显示 5 月份就业增长高于预期。

Other cryptocurrencies also experienced declines. Ether fell 3.58% over 24 hours, while altcoins like Solana, Dogecoin, and Pepe experienced significant drops of 5.61%, 8.70%, and 9.99%, respectively, according to CoinMarketCap data.

其他加密货币也经历了下跌。根据 CoinMarketCap 数据，以太币在 24 小时内下跌 3.58%，而 Solana、Dogecoin 和 Pepe 等山寨币则分别大幅下跌 5.61%、8.70% 和 9.99%。

The market plunge resulted in a $409.51 million liquidation of both short and long positions across the board, with $56.71 million being long positions in Bitcoin.

市场暴跌导致空头和多头头寸全面清算 4.0951 亿美元，其中 5671 万美元为比特币多头头寸。

However, just two days before the price decline, Bitcoin was trading between $70,000 and $71,662. Many traders were optimistic that it might inch closer to its all-time high of $73,679.

然而，就在价格下跌前两天，比特币的交易价格在 70,000 美元至 71,662 美元之间。许多交易员乐观地认为它可能会接近历史高点 73,679 美元。

Currently, traders are betting that Bitcoin's price may not rebound quickly. If Bitcoin returns to $71,000, $1.38 billion in long positions will be wiped out, indicating that futures traders expect further price declines.

目前，交易员押注比特币的价格可能不会迅速反弹。如果比特币回到71,000美元，13.8亿美元的多头头寸将被消除，表明期货交易者预计价格将进一步下跌。

This comes as investors question why Bitcoin's price hasn't surpassed its March all-time highs, despite a 19-day streak of positive inflows into Bitcoin exchange-traded funds (ETFs).

投资者质疑，尽管比特币交易所交易基金（ETF）连续 19 天有资金流入，但比特币的价格为何没有突破 3 月份的历史高点。

Analysts attribute the lack of price appreciation to multiple factors beyond ETFs. "ETF flows are fantastic, but they are not strong enough to exceed the entire ecosystem selling (yet)," said Capriole Investments founder Charles Edwards.

分析师将价格缺乏升值归因于 ETF 以外的多种因素。 Capriole Investments 创始人查尔斯·爱德华兹 (Charles Edwards) 表示：“ETF 流量非常棒，但还不足以超过整个生态系统的抛售量。”

Crypto trader Christopher Inks emphasizes that "the market is made up of spot, futures, ETFs, and options."

加密货币交易员 Christopher Inks 强调，“市场由现货、期货、ETF 和期权组成”。