$BTC Recently, Bitcoin dropped below $62k, with over 280k traders liquidated, marking the worst "Black Thursday" of the year. On June 5th, the cryptocurrency market experienced its most intense sell-off since 2026, with Bitcoin briefly falling to $61,300, a decline of approximately 26% from the early May high of $82,800. In the past 24 hours, about 28.36 million traders worldwide were liquidated, totaling $62k in liquidations, with longs accounting for over 85%. Since the beginning of this year, Bitcoin has fallen by 28%, roughly 50% below its all-time high in October last year. Related crypto stocks also declined simultaneously, with Strategy plunging over 9%. Three main factors triggered the crash: 1: Collapse of bullish confidence Strategy sold 32 Bitcoins (accounting for 0.004% of total holdings), breaking the market psychology of "never selling," and further raising concerns about large-scale institutional sell-offs. Meanwhile, Mt. Gox-related wallets transferred about $739 million worth of BTC, and Abraxas Capital sold 1,000 BTC, intensifying market panic. 2: Massive ETF outflows led to rapid decline, with ETF net outflows totaling $3.5 billion over 11 consecutive days, increasing selling pressure. 3: Deteriorating macro environment The U.S. labor data was strong, and Fed rate hike expectations increased, with the probability of a rate hike in September rising to about 20%. The blockade of the Strait of Hormuz pushed oil prices higher, with Brent crude briefly reaching $96.75 per barrel, boosting global inflation expectations. Overall, market sentiment remains fragile, with institutional selling, capital outflows, and macro pressures stacking up, causing this sharp decline in the crypto market. #比特币ETF单日净流出7272枚