{"id":46133,"date":"2026-06-05T08:12:08","date_gmt":"2026-06-05T08:12:08","guid":{"rendered":"https:\/\/cryptd.in\/altcoin-massacre-triggers-1-2b-in-liquidations-as-eth-tanks-below-1-7k-and-zec-gets-smashed\/"},"modified":"2026-06-05T08:12:08","modified_gmt":"2026-06-05T08:12:08","slug":"altcoin-massacre-triggers-1-2b-in-liquidations-as-eth-tanks-below-1-7k-and-zec-gets-smashed","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ja\/altcoin-massacre-triggers-1-2b-in-liquidations-as-eth-tanks-below-1-7k-and-zec-gets-smashed\/","title":{"rendered":"Altcoin Massacre Triggers $1.2B in Liquidations as ETH Tanks Below $1.7K and ZEC Gets Smashed"},"content":{"rendered":"<p>The wild cryptocurrency market moves continue as most assets have produced even higher fluctuations in the past several hours, which has inevitably harmed over-leveraged traders.<\/p>\n<p>The most significant price fluctuation in the past day came from the recent high-flyer Zcash, which crashed after some community members found a vulnerability in its code. This prompted intense backlash including from popular crypto experts, such as Arthur Hayes, who <a href=\"https:\/\/cryptopotato.com\/arthur-hayes-dumps-entire-zcash-zec-position-after-major-flaw-emerges\/\">said he had disposed of<\/a> his entire ZEC position.<\/p>\n<p>The combination of these factors led to a massive and immediate price crash for the privacy token. It went from over $630 yesterday to under $300 earlier today before it recovered some ground and reclaimed the latter.<\/p>\n<p>Naturally, this intense price move led to substantial liquidations with $100 million worth of ZEC longs getting wrecked on a daily basis, according to CoinGlass.<\/p>\n<p>However, ZEC is far from the only crypto asset affected by the overall market-wide wildness. Ethereum continues to underperform, especially since it lost the $2,000 support earlier this week. It plunged to under $1,650 earlier today, which became a new 14-month low.<\/p>\n<p>SOL has dumped by over 7%, HYPE has plummeted by 9%, while ADA is down by another 16% after Cardano\u2019s founder, Charles Hoskinson, <a href=\"https:\/\/cryptopotato.com\/cardano-ada-plummets-11-daily-below-0-2-charles-hoskinson-is-taking-a-break\/\">\u524d\u8a18<\/a> he would be taking a break.<\/p>\n<p>Bitcoin dumped to $61,000 earlier today, but managed to rebound by almost $2,000. The altcoins\u2019 massacre, though, has helped its recovery in terms of market share.<\/p>\n<p>Bitcoin\u2019s dominance, the index that shows how much of the total market cap belongs to BTC, has risen by over 0.5% in just a day after it had dumped from 58% to 55.5% in a week.<\/p>\n<p>The overall liquidation data shows that more than 255,000 over-leveraged traders have been wrecked in the past 24 hours, with total wipe-out value of $1.21 billion. Longs are once again responsible for the lion\u2019s share with $935 million.<\/p>\n<figure aria-describedby=\"caption-attachment-1438943\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-05-100818-scaled.png\"><img decoding=\"async\" class=\"wp-image-1438943 size-full\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-05-100818-scaled.png\" alt=\"Liquidation Data June 5 on CoinGlass\" width=\"2560\" height=\"884\" \/><\/a><figcaption class=\"wp-caption-text\">Liquidation Data June 5 on CoinGlass<\/figcaption><\/figure>\n<p>\u30dd\u30b9\u30c8 <a href=\"https:\/\/cryptopotato.com\/altcoin-massacre-triggers-1-2b-in-liquidations-as-eth-tanks-below-1-7k-and-zec-gets-smashed\/\">Altcoin Massacre Triggers $1.2B in Liquidations as ETH Tanks Below $1.7K and ZEC Gets Smashed<\/a> \u306b\u521d\u767b\u5834\u3057\u305f\u3002 <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">\u30af\u30ea\u30d7\u30c8\u30dd\u30c6\u30c8<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The wild cryptocurrency market moves continue as most assets have produced even higher fluctuations in the past several hours, which has inevitably harmed over-leveraged traders. The most significant price fluctuation in the past day came from the recent high-flyer Zcash, which crashed after some community members found a vulnerability in its code. This prompted intense backlash including from popular crypto experts, such as Arthur Hayes, who said he had disposed of his entire ZEC position. The combination of these factors led to a massive and immediate price crash for the privacy token. It went from over $630 yesterday to under $300 earlier today before it recovered some ground and reclaimed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Altcoin Massacre Triggers $1.2B in Liquidations as ETH Tanks Below $1.7K and ZEC Gets Smashed - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ja\/altcoin-massacre-triggers-1-2b-in-liquidations-as-eth-tanks-below-1-7k-and-zec-gets-smashed\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoin Massacre Triggers $1.2B in Liquidations as ETH Tanks Below $1.7K and ZEC Gets Smashed - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The wild cryptocurrency market moves continue as most assets have produced even higher fluctuations in the past several hours, which has inevitably harmed over-leveraged traders. The most significant price fluctuation in the past day came from the recent high-flyer Zcash, which crashed after some community members found a vulnerability in its code. This prompted intense backlash including from popular crypto experts, such as Arthur Hayes, who said he had disposed of his entire ZEC position. The combination of these factors led to a massive and immediate price crash for the privacy token. 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