Bitcoin falls below $62,000 — $1.5 billion liquidated in a single day
BTC fell below $62,000 during Asian trading on June 4 and triggered more than $1.5 billion in liquidations over 24 hours. More than 208,000 traders were hit.
Bitcoin fell below $62,000 during Thursday's Asian trading session on June 4, 2026, triggering a cascade of liquidations across the derivatives market. According to CoinGlass data, more than $1.5 billion in positions were liquidated over 24 hours — of which Bitcoin accounted for over $800 million and Ethereum for $386 million. In total, more than 208,000 traders were affected.
U.S. spot Bitcoin ETFs reported roughly $1 billion in net outflows during the week, in a continuing record streak of withdrawals that has come to define market sentiment.
Presto Research points to structural reasons behind the move: 'Bitcoin's big drops this year have coincided with rallies in gold and AI stocks, as investors dial back their expectations for Federal Reserve cuts.' A recovery is seen as requiring lower inflation worries and a renewed shift toward liquidity-sensitive assets.
The Fear & Greed Index fell to 11 out of 100 — extreme fear — the same level recorded during earlier bouts of market panic.