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Bitcoin crashes below $62,000 after $1.8B liquidations triggered by high leverage and falling demand.

Market News
04 Jun 2026, 17:36 WIB
Crypto news
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Bearish
Bitcoin crashes below $62,000 after $1.8B liquidations triggered by high leverage and falling demand.

Bitcoin plunged below $62,000 following a three-day selloff that wiped out months of gains and triggered $1.8 billion in liquidations, the largest since October 2025. The crash was driven by dangerously high leverage levels in the futures market, reaching those seen before the previous major crash, combined with weakening demand and persistent ETF outflows. A symbolic $2.5 million sale by Strategy, a major corporate Bitcoin holder, sparked a cascade of forced liquidations among heavily leveraged long positions. The market remains fragile with prediction markets betting on further downside toward $55,000, while some still hope for a recovery by year-end. The key factors to watch next are demand trends, ETF flows, geopolitical risks, and macroeconomic data.

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