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Bitcoin dips below $62K, wiping out $1.5B in crypto longs amid shifting investor focus.

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

Bitcoin briefly fell below $62,000, triggering over $1.5 billion in liquidations across crypto markets, including $800 million in bitcoin and $386 million in ether positions. This selloff coincides with ongoing institutional weakness, as U.S. spot bitcoin ETFs have seen about $1 billion in outflows this week. Analysts suggest bitcoin's decline reflects competition from gold and AI stocks, as investors adjust expectations for Federal Reserve rate cuts. Recovery may depend on easing inflation concerns and renewed interest in liquidity-sensitive assets rather than crypto-specific factors.

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