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Forced Liquidations Hit Bitcoin and Altcoins as Oversold Signals Emerge Across the Board

6/6/2026

Bitcoin endured one of its sharpest selloffs of the year as a wave of forced liquidations swept through crypto markets, pulling $DOGE, $XRP, and $SHIB down alongside it.

Oversold readings have since appeared across all four assets, with buyers beginning to test the lows — though the price structure remains fragile.

What the Forced Selling Looked Like The selling pressure was not discretionary.

Forced liquidations — positions automatically closed by exchanges when margin requirements aren't met — drove the velocity of the decline in $BTC and extended the damage into the broader altcoin market.

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