6.3 Crypto Bloodbath Day! Bitcoin hits bottom at 65,383, V-shaped rebound, stabilizes at 67,000 after $11.9 billion liquidation

$BTC
Today’s crypto market is staging the most hair-raising rollercoaster trading since the start of 2026. After a cliff-like drop and a rapid rebound, countless longs were buried above $65,000, while some bargain-hunting capital successfully took over at the lowest point.

$ETH
Four major negative catalysts hit at once, smashing through the market’s bottom line:

Strategy first started selling Bitcoin, breaking the “buy only, never sell” myth—though it was only 32 BTC, it still triggered an emotional avalanche.

Spot ETF net outflows have continued for 11 consecutive days, totaling over $3.45 billion and setting a historical record; overall in 2026, it has turned into net outflows.

Rate cut expectations for June from the Federal Reserve have completely cooled off; U.S. bond yields have surged, and funds are frantically fleeing risk assets.

Tensions in the Middle East have escalated; the U.S. has seized $1 billion in Iranian crypto assets, intensifying regulatory panic.

Most ironic of all: overnight, the S&P 500 stood above 7,600 points for the first time, hitting a new all-time high, while Bitcoin crashed by more than 6%—the two price movements are completely decoupled.

In the short term, after a violent selloff and the clearing of leverage, the market will most likely range and consolidate in the 66,500–68,500 area. The rebound has limited upside; 68,000–69,000 is an opportunity for bears to re-enter. Only if ETF capital flows back in and U.S. bond yields fall can a genuine phase of bottoming be expected #BTC触底66000