Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

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

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

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.

More News

Mobile forensics market to nearly double to $9.99B by 2031, growing at 11.8% CAGR driven by AI and cloud integration.

Mobile forensics market to nearly double to $9.99B by 2031, growing at 11.8% CAGR driven by AI and cloud integration.

The global mobile forensics market is projected to grow from $5.72 billion in 2026 to $9.99 billion by 2031, at an 11.8% CAGR. Growth is fueled by increasing mobile ecosystem complexity, widespread use of encrypted apps, and demand for integrated for...

Market News
Bullish
56 minutes ago
Costco shares rise 2% on strong May sales and technical rebound despite broader market weakness

Costco shares rise 2% on strong May sales and technical rebound despite broader market weakness

Costco's stock increased by about 2% following strong May sales results, with net sales up 14.5% year-over-year to $24.01 billion. U.S. comparable sales rose 13.7%, and digitally enabled sales jumped 21.1%, highlighting the company's growing e-commer...

Company Fundamentals
Bullish
1 hour ago
Space stocks plunge over 20% amid SpaceX IPO valuation cut and short squeeze fallout.

Space stocks plunge over 20% amid SpaceX IPO valuation cut and short squeeze fallout.

Space stocks are sharply down this week, with Redwire, Momentus, and Rocket Lab falling over 20% due to SpaceX's reduced IPO valuation and a failed short squeeze on Virgin Galactic. SpaceX set its IPO price at $135 per share, valuing the company at $...

Market News
Bearish
1 hour ago
Global Clean Energy launches ResilientIQ AI platform for emergency management commercialization.

Global Clean Energy launches ResilientIQ AI platform for emergency management commercialization.

Global Clean Energy, Inc. has launched ResilientIQ™, an AI platform designed to improve emergency management by providing faster, cited operational guidance. The platform is now moving from development to commercial engagement with active demonstrati...

Others
Bullish
1 hour ago
Bank7 Corp. declares quarterly cash dividend of $0.27 per share payable July 7, 2026.

Bank7 Corp. declares quarterly cash dividend of $0.27 per share payable July 7, 2026.

Bank7 Corp., the parent company of Bank7 based in Oklahoma City, announced a quarterly cash dividend of $0.27 per share on its common stock. The dividend will be paid on July 7, 2026, to shareholders of record as of June 19, 2026. Bank7 operates twel...

Company Fundamentals
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App