Battle Royale! Bitcoin falls below “$63k,” hitting a 14-day low near $63,000 USD; 166,000 traders are liquidated, totaling $1.12 billion, with long positions accounting for 85%.

Bitcoin suffers its second consecutive day of decline, dropping below $63k in early trading on June 4, 2026, reaching a 14-day low of $63.31k, after peaking near $77,999 on May 21. Ethereum fell to $1,798. Over the past 24 hours, the entire market experienced $1.12 billion in liquidations, with over 166k traders caught in the crossfire, and long positions accounting for 85% of the liquidations. The US Bitcoin spot ETF saw a net outflow of $519 million in a single day. Strategy sold BTC for the first time in nearly four years. Amid macro hawkishness and heightened US-Iran tensions, the Fear & Greed Index remains at extreme fear levels, holding at 12.

(Background recap: Bitcoin crashes to "66k dollars"! $1.78 billion in liquidations, 90% of traders wiped out, Fear Index plunges to 11)

(Additional context: Bitcoin drops below $73k, Ethereum dips below $1,970, Iran's Revolutionary Guard claims to have launched airstrikes against US military targets)

Table of Contents

Toggle

• $1.12 billion in liquidations, 166k traders caught in the crossfire, 85% of longs wiped out
• ETF hemorrhaging, Saylor sells BTC for the first time in four years, Fed rate hike expectations shattered, three major shocks
• Altcoins plummet simultaneously: SOL drops below 71, XRP holds above 1.19
• Fear & Greed Index remains at 12 for the second day in extreme fear, US stocks close lower in tandem

Continuing the bloodbath for the second day, Bitcoin dropped to $63,454 at 09:07 (UTC+8) on June 4, 2026, continuing its decline from the previous high of $66,000, with a intraday low of $63,314, marking a 14-day low (peak of $77,999 on May 21). The 24-hour decline is -5.11%. Ethereum also declined, currently at $1,798.34, down -3.51% over 24 hours, with the 14-day high of $2,147 (May 22) now a distant memory.

$1.12 billion in liquidations, 166k traders caught in the crossfire, 85% of longs wiped out

According to CoinGlass data, total market liquidations over the past 24 hours reached $1.12 billion, involving 166,334 traders. Long positions accounted for $949 million (about 85%), while shorts were only $168.76 million, indicating that bullish traders were hit hardest. The largest single liquidation was on HTX’s BTC-USDT contract, totaling $59.67 million. Looking at a shorter timeframe, 12-hour liquidations reached $770.55 million, and in the last hour, $145.12 million continued to be liquidated, showing selling pressure remains intense.

ETF hemorrhaging, Saylor sells BTC for the first time in four years, Fed rate hike expectations shattered, three major shocks

This decline was not without warning; multiple negative factors converged within 48 hours:

• ETF institutional withdrawal: US Bitcoin spot ETF saw a net outflow of $519.19 million on June 2, with BlackRock and Fidelity as the main sellers, signaling clear institutional reduction.
• Saylor’s first BTC sale in four years: Michael Saylor’s Strategy disclosed the sale of 32 BTC (about $2.47 million). Although the amount is small, it marks Strategy’s first sale in four years, a significant symbolic move that triggered strong market sentiment.
• Collapse of Fed rate hike expectations: Inflation remains sticky, CME FedWatch shows a 58% chance of a 0.25% rate hike by year-end, and the 10-year US Treasury yield rose to 4.69%. Nomura has withdrawn its 2026 rate cut forecast, putting risk assets under broad pressure.
• US-Iran geopolitical tensions escalate: Rising US-Iran tensions push oil prices and safe-haven demand higher, further suppressing risk assets including cryptocurrencies.

Altcoins plummet simultaneously: SOL drops below 71, XRP holds above 1.19

SOL is currently at $70.91, down -5.37% over 24 hours, ranging from $70.33 to $75.71; XRP is at $1.1957, down -2.52%, with a range of $1.1868 to $1.2491. The total global crypto market cap is approximately $2.41 trillion, with a 24-hour correlation to the Dow Jones Industrial Average as high as 84%. This isn’t a crypto market crash but a reflection of macro capital withdrawal from risk assets.

Fear & Greed Index remains at 12 for the second day in extreme fear, US stocks close lower in tandem

Today’s Fear & Greed Index is at 12 (Extreme Fear), after yesterday’s 11 (multi-month low), marking two consecutive days of extreme readings. US stock indices closed lower on June 3, 2026: Nasdaq -0.89%, S&P 500 -0.74%, Dow -1.21%; after-hours earnings reports showed major declines, with Broadcom down -13% and CrowdStrike down -10%, dragging tech sentiment into crypto.

Key points for the near future: Will the 10-year US Treasury yield peak and decline? Will US-Iran tensions ease? And can Bitcoin hold above the $63,000 psychological level? If it fails, the next technical support levels must be identified at lower prices.