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Bitcoin breaks $70,600 support, triggering $1.84B liquidations and extreme market fear.

Market News
03 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin's price fell below the key $70,607 support level, triggering $1.84 billion in liquidations across markets, with Bitcoin alone accounting for $883.79 million. This breakdown intensified selling pressure and pushed market sentiment into extreme fear, as bearish views outnumber bullish ones. Large holders (whales) sold significant amounts while small investors accumulated, creating a critical test near the $65,000-$66,000 zone. If buyers defend this area, a relief bounce could occur; otherwise, volatility and selling may continue before stronger demand returns.

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