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$1.2B liquidated as Bitcoin falls below $63K amid crypto selloff

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

Bitcoin dropped below $63,000, triggering $1.12 billion in liquidations, mostly from long positions, as the crypto market faced a sharp selloff. Bitcoin lost over 45% from its late 2025 peak above $126,000, pressured by ETF redemptions, macroeconomic concerns, and unwinding leveraged trades. Key support at $60,000 is now critical, with traders watching for potential further declines or rebounds toward resistance levels between $65,000 and $77,000. Ethereum and other cryptocurrencies also saw significant losses during this downturn.

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