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Gate Research: $650 Million Liquidated Across the Market in 24 Hours, BTC and U.S. Tech Stocks Under Pressure in Tandem

Daily Research
Research
Altcoins
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Macro Trends
VIP Daily Industry Report
2026-06-24 10:25:18
Reading Time: 4m
Last Updated 2026-06-24 10:34:44
The probability of a 25 bps Fed rate hike in July rose to 34.2%. BTC traded lower after opening higher during the day, while ETH saw a significantly larger decline than BTC. DEXE surged 29.17%, driven by a short-squeeze rally; POPCAT gained 20.93% on renewed momentum in the Solana Meme sector rotation; BR rose 17.74%, supported by capital inflows into the restaking sector. The U.S. AI sector experienced a “Black Tuesday,” with Micron and SanDisk both falling more than 13%, while crypto-related stocks also came under pressure. Total crypto liquidations reached $650 million over the past 24 hours, with long positions dominating liquidations as the market continued its deleveraging process. The probability of a Fed rate hike in July climbed to 34.2%, while the EU’s MiCA transition period concluded, marking a new stage in regulatory compliance.
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