According to @52kskew, more than $10B in Bitcoin open interest was wiped out during today's crash (source: @52kskew on X). According to @52kskew, perpetual futures CVD declined by over $7B, indicating heavy aggressive selling pressure in perps (source: @52kskew on X). According to @52kskew, approximately 3 million spot trades and 9 million perpetual trades were recorded on tape, underscoring extreme market activity (source: @52kskew on X). According to @52kskew, funding rates almost reached -0.1%, and over $1B in long positions were liquidated between $115K and $101K on BTC-USD (source: @52kskew on X). According to @52kskew, not all exchanges are included so the figures serve as broad gauges, and the move was described as one for the history books (source: @52kskew on X).

According to Cas Abbé, BTC liquidation cluster data now signals an upside move, with a potential 10% BTC pump capable of triggering $15.11 billion in short liquidations, while a 10% downside would liquidate $9.58 billion in longs (Source: Cas Abbé, Twitter, June 8, 2025). Notably, BTC funding rates have turned negative, indicating increased short positioning and potential for a short squeeze if bullish momentum resumes. Traders should closely monitor funding rates and cluster levels as these metrics suggest heightened volatility and significant liquidation risks on both sides, making BTC price action highly relevant for crypto market participants.