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Bitcoin drops below $62K, hits 4-month low amid $1.5B crypto liquidations and ETF outflows.

Market News
04 Jun 2026
Blockonomi
View Source
Bearish
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Bitcoin fell below $62,000, its lowest in nearly four months, trading about 50% below its all-time high. This decline triggered over $1.5 billion in forced liquidations across crypto markets, with Bitcoin alone accounting for more than $800 million. Institutional investors continue to withdraw funds, with nearly $1 billion pulled from U.S. spot Bitcoin ETFs this week, reflecting a shift toward AI stocks and precious metals. Strategy, holding the largest corporate Bitcoin stash, sold some BTC for the first time in four years, signaling bearish sentiment. Market recovery may depend on easing inflation and renewed investor interest in liquidity-sensitive assets.

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