{"id":73519,"date":"2026-06-04T02:03:54","date_gmt":"2026-06-04T02:03:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/1-2b-liquidated-as-bitcoin-tests-62-5k-support-amid-sharp-crypto-selloff\/"},"modified":"2026-06-04T02:03:54","modified_gmt":"2026-06-04T02:03:54","slug":"1-2b-liquidated-as-bitcoin-tests-62-5k-support-amid-sharp-crypto-selloff","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/1-2b-liquidated-as-bitcoin-tests-62-5k-support-amid-sharp-crypto-selloff\/","title":{"rendered":"$1.2B Liquidated as Bitcoin Tests $62.5K Support Amid Sharp Crypto Selloff"},"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\">Coinglass recorded $1.12B in liquidations on June 3, with $949M from longs.<\/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\">Bitcoin hit $62,569 on Binance at 9:50 p.m. EDT on Wednesday, placing the $60K support zone in focus.<\/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\">Ethereum saw $252.9M liquidated as traders watch ETF flows and macro data.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.coinglass.com\/liquidations\" target=\"_blank\" rel=\"noopener noreferrer\">Data<\/a> from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage. Nearly $949 million in <span>bullish<\/span> positions were wiped out compared with roughly $169 million in short liquidations.<\/p>\n<p>The move came as <span>bitcoin<\/span> briefly dipped below $63,000, touching around $62,569 on Binance before stabilizing near the upper-$62,000 range.<\/p>\n<h3>Long Traders Take the Biggest Hit<\/h3>\n<p>The <span>liquidation<\/span> imbalance highlights how heavily traders were positioned for upside before the market turned lower.<\/p>\n<p>According to the latest figures:<\/p>\n<ul>\n<li aria-level=\"1\">24-hour liquidations: $1.12 billion<\/li>\n<li aria-level=\"1\">Long liquidations: $949 million<\/li>\n<li aria-level=\"1\">Short liquidations: $168.7 million<\/li>\n<li aria-level=\"1\"> <span>Bitcoin<\/span> liquidations: $601.2 million<\/li>\n<li aria-level=\"1\">Ethereum liquidations: $252.9 million<\/li>\n<\/ul>\n<p> <span>Bitcoin<\/span> accounted for more than half of all liquidations across the digital asset market, while ethereum represented the second-largest share.<\/p>\n<h3> <span>Bitcoin<\/span> Extends 2026 Correction<\/h3>\n<p>The decline adds to a difficult year for <span>bitcoin<\/span> following its run to all-time highs above $126,000 in late 2025.<\/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>After opening June near the $72,000 to $73,500 range, <span>bitcoin<\/span> quickly encountered selling pressure, breaking below several key levels before testing the low-$63,000-$62,000 region. The <span>cryptocurrency<\/span> is now down more than 45% from its peak.<\/p>\n<p>The broader <span>crypto<\/span> market also weakened. Ethereum fell below major psychological levels during portions of the selloff, while alternative digital assets posted even steeper losses.<\/p>\n<h3>What\u2019s Driving the Pullback?<\/h3>\n<p>Several factors have weighed on sentiment in recent weeks.<\/p>\n<p>Heavy <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etfs-lose-519m-as-grayscales-gsol-pulls-in-fresh-solana-demand\/\">redemptions<\/a> from U.S. spot <span>bitcoin ETFs<\/span> have coincided with increased investor interest in artificial intelligence-related equities. Market participants have also pointed to macroeconomic uncertainty, <span>inflation<\/span> concerns, geopolitical risks, and elevated interest rates.<\/p>\n<p>At the same time, leveraged positions accumulated during <span>bitcoin<\/span>\u2019s rally have been unwound as support levels gave way.<\/p>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/strategy-sells-bitcoin-for-first-time-dumps-32-btc-to-fund-preferred-stock-dividends\/\">disclosure<\/a> that Strategy sold 32 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> between May 26 and May 31 also generated discussion among traders, although the transaction represented a tiny fraction of the company\u2019s holdings.<\/p>\n<h3>Key Levels in Focus<\/h3>\n<p>Market participants are now watching the $60,000 range and below it closely.<\/p>\n<p>The zone has repeatedly acted as support during 2026 and now represents one of the most important technical areas on the tape. A sustained move below that region could increase attention on lower targets discussed by some analysts.<\/p>\n<p>On the upside, traders are monitoring resistance between $65,000 and $70,000, followed by the $75,000 to $77,000 range.<\/p>\n<p>For now, <a href=\"http:\/\/www.bitcoin.com\/get-started\/understanding-liquidation-on-perp-dex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidation<\/a> data suggests <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a> remains a dominant force in price action, with <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> and ethereum accounting for nearly $854 billion in combined liquidations during the latest market flush.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/1-2b-liquidated-as-bitcoin-tests-62-5k-support-amid-sharp-crypto-selloff\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Coinglass recorded $1.12B in liquidations on June 3, with $949M from longs. Bitcoin hit $62,569 on Binance at 9:50 p.m. EDT on Wednesday, placing the $60K support zone in focus. Ethereum saw $252.9M liquidated as traders watch ETF flows and macro data. Data from Coinglass shows [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73520,"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\/73519"}],"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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73519"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73520"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}