Overleveraged Bitcoin bulls get crushed in $576M wipeout
May 23, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan

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AI Overview
A fresh crypto sell-off triggered over $500 million in liquidations as the total digital-asset market cap fell more than 2% in the last 24 hours to about $2.53 trillion. Bitcoin alone lost roughly $55 billion of market cap in the move, underscoring short-term liquidity risk and downward pressure across crypto markets.
Bearish
Crypto bulls saw more than half a billion dollars wiped out in liquidations after the crypto market printed red indexes all around. The cumulative digital assets market cap dipped by more than 2% over the last 24 hours to hover around $2.53 trillion. Bitcoin saw $55 billion leave its market cap amid the fresh sell-off....
