{"id":73503,"date":"2026-06-03T17:55:40","date_gmt":"2026-06-03T17:55:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-10-in-3-days-falls-below-66k-as-500m-liquidation-wave-hits\/"},"modified":"2026-06-03T17:55:40","modified_gmt":"2026-06-03T17:55:40","slug":"bitcoin-drops-10-in-3-days-falls-below-66k-as-500m-liquidation-wave-hits","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-10-in-3-days-falls-below-66k-as-500m-liquidation-wave-hits\/","title":{"rendered":"Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Over $1 billion in total crypto positions were liquidated over two days, led heavily by long bets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy\u2019s shock sale broke its HODL streak, threatening to pull bitcoin down toward $60,000 next.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2> <span>Bitcoin<\/span> Erases April Gains<\/h2>\n<p> <span>Bitcoin<\/span>\u2019s downward slide continued on Wednesday as the <span>cryptocurrency<\/span> dipped below $66,000, erasing its April gains. The digital currency plunged from just over $67,700 to an intraday low of $65,362\u2014a loss of more than $2,000 in six hours.<\/p>\n<p>While it later recovered to trade just <a href=\"https:\/\/news.bitcoin.com\/el-salvador-buys-the-dip-bitcoin-under-66000\/\">under $66,000<\/a> by 1:09 p.m. EST, <span>bitcoin<\/span> still logged its third consecutive day of losses exceeding 2%. The June 3 drop brought the <span>cryptocurrency<\/span> closer to lows last seen in February, pushing cumulative losses since Monday to approximately $8,000, or 10%.<\/p>\n<p>The price action momentarily trimmed <span>bitcoin<\/span>\u2019s market capitalization down to $1.31 trillion before a slight rebound. The tumble to a fresh multi-month low also pushed the <span>cryptocurrency<\/span> closer to its year-to-date low of just over $60,000 recorded in early February.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Since Monday, a perfect storm of macroeconomic anxiety and institutional panic has heavily weighed on the <span>cryptocurrency<\/span>. Initially, escalating geopolitical friction in the Middle East\u2014triggered by reports of defensive military strikes between the U.S. Navy and Iranian forces near the Strait of Hormuz\u2014sapped investor risk appetite, driving capital into safe havens like <span>gold<\/span>.<\/p>\n<p>However, it was an unexpected regulatory filing from Strategy that sent the market into a true tailspin. The corporate <span>bitcoin<\/span> treasury company revealed it had sold 32 bitcoins to fund preferred stock dividends. While the $2.5 million sale accounted for a tiny fraction of its massive treasury, the transaction shattered a long-standing psychological \u201cnever-sell\u201d narrative surrounding the firm.<\/p>\n<p>This <span>bearish<\/span> momentum spilled aggressively into Wednesday. Even a reassurance <a href=\"https:\/\/x.com\/saylor\/status\/2062141855702155634\" target=\"_blank\" rel=\"noopener noreferrer\">post<\/a> on X by Strategy Executive Chairman Michael Saylor seemed to fail to stabilize retail panic. Highlighting the severity of the exodus, data <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etfs-lose-519m-as-grayscales-gsol-pulls-in-fresh-solana-demand\/\">revealed<\/a> that on June 2, spot <span>bitcoin<\/span> exchange-traded funds (ETFs) bled $519 million, extending a grueling, 12-day streak of consecutive net outflows.<\/p>\n<p>Meanwhile, Wednesday\u2019s price action triggered nearly $500 million in leveraged liquidations for <span>bitcoin<\/span> alone. Consistent with recent trends, long bets accounted for a disproportionate $437 million of that total. Across the broader <span>cryptocurrency<\/span> market, total liquidations surpassed the $1 billion mark for the second consecutive day, comprising $945 million in long positions and $193 million in shorts.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-drops-10-in-3-days-falls-below-66k-as-500m-liquidation-wave-hits-37856\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in total crypto positions were liquidated over two days, led heavily by long bets. Strategy\u2019s shock sale broke its HODL streak, threatening to pull [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":73504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73503"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73503"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73504"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}