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Crypto

Bitcoin relief rally or further correction? Over $600 million liquidated as price plunges to $60,000s

Bitcoin’s slide toward $60,000 triggered more than $600 million in long-position liquidations, with total liquidations topping $737 million over 24 hours. It later rebounded 5.52 percent to around $64,690 after falling to about $61,300. The bounce was linked to reports Israel and Lebanon agreed to a ceasefire and would implement it. Traders were split on whether it marked a trend reversal or a short-term pullback after leverage was flushed out.

Crypto

Bitcoin slips below $65,000 to nine-week low on geopolitical tensions

Bitcoin fell below $65,000 to its lowest level in nine weeks amid continuing geopolitical tensions. Cointelegraph reported that additional U.S. and Iranian air strikes shook ceasefire talks, weighing on bitcoin. Coinglass data showed about 277,000 traders were liquidated in 24 hours, totaling about $1.83 billion, with more than 90 percent in long positions. Market participants cited leveraged liquidations, ETF outflows and a break of technical support as key drivers.

Crypto

Bitcoin slides to $70,000 as whales and top traders raise long bets

Bitcoin slid to $70,000 on June 2, hitting a seven-week low as $276 million in leveraged long positions were liquidated. The drop came amid stronger risk-off sentiment tied to renewed U.S.-Iran military conflict, while derivatives markets showed large investors and market makers moving differently from the spot market. Top traders on Binance and OKX raised long exposure. Spot selling pressure was clear, and signs of capital outflows from crypto also emerged.