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Bitcoin dips below $62K, wiping out $1.8B in leveraged bets amid ETF outflows and Mt. Gox wallet moves

Market News
04 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin experienced a sharp drop below $62,000 during Asian trading, triggering $1.8 billion in crypto liquidations, mostly from leveraged long positions. This selloff coincided with significant withdrawals from US spot Bitcoin ETFs, totaling about $1.4 billion this week, led by BlackRock’s IBIT fund. Additionally, large Bitcoin transfers from Mt. Gox wallets sparked speculation about creditor repayments before the October 2026 deadline. Meanwhile, Worldcoin surged 33%, seen as a proxy for AI investment, and Ethena gained 18%, supported by Coinbase Ventures backing.

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