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Bitcoin drops below $62K, $1.5B liquidated amid ETF outflows and geopolitical concerns

Market News
04 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin fell below $62,000, triggering over $1.5 billion in forced liquidations across crypto markets, with $800 million in Bitcoin losses alone. U.S. spot Bitcoin ETFs saw nearly $1 billion in withdrawals this week, signaling weakening institutional interest. The downturn coincided with rising geopolitical tensions around Iran and disappointing tech earnings, contributing to broader market declines. Recovery may depend on softer inflation data and renewed investor confidence in accommodative policies.

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