Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-06-05
05:51

BTC sees a sharp drop of 0.96% in 15 minutes: ongoing ETF redemptions by institutions combined with “whale selling” signals trigger short-term sell pressure

From 05:30 to 05:45 (UTC) on June 5, 2026, BTC saw a sharp drop of 0.96% within 15 minutes. The price fell from 63,564.9 USDT to 62,884.5 USDT, with a volatility of 1.07%. This period fell under weekend low-liquidity conditions, which significantly amplified price fluctuations. The main driving force behind this unusual move is the combined effect of continued institutional fund outflows and a sudden change in whale behavior. In the ETF space, as of June 2, US spot Bitcoin ETFs have posted net o
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BTC1.85%
IBIT-5.17%
05:48

ETH drops 2% in 15 minutes: ETF sees consecutive net outflows, and a breakdown of the support level triggers a sell-off in tandem

From 05:30 to 05:45 (UTC) on June 5, 2026, ETH saw a sharp drop of 2.03% within 15 minutes. The price ranged from 1,697.97 to 1,735.65 USDT, with a swing of 2.17%. The overall market was under pressure, panic sentiment spread, and volatility expanded significantly. The main driver behind this move is continued outflows of ETF capital. Ethereum spot ETFs have recorded net outflows for 15 straight trading days. The cumulative total net inflows have fallen back from their peak, with net outflows of
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ETH2.66%
BTC1.85%