$BTC June 10 Cryptocurrency Market Briefing | BTC loses 62K, market in extreme fear, altcoins diverge


BTC: $61,350 (-4.7%), **ETH**: $1,630 (-4%), total market cap approximately $2.12 trillion.
1. 24-Hour Market Highlights
Mainstream decline: BTC briefly drops below 61,000, ETH dips around 1,620.
Contrarian altcoins: SENT +23.43%, WLD +7.09%, MATIC +2.57%.
Extreme panic: Fear and Greed Index at 9 (lowest in nearly two months).
Liquidations across the network: over $1 billion, mainly long positions liquidated.
2. Important News
Middle East tensions escalate again: U.S. launches third strike on Iran, risk aversion sentiment fluctuates, BTC short-term dip.
EU plans to sanction 11 crypto platforms: due to cooperation with Russia, restricting trading.
Institutional fund outflows: U.S. spot BTC ETF net outflows for three consecutive weeks, totaling over $4 billion.
Large movements: Mysterious whale heavily accumulates ETH, opens 20x long positions worth $14.56 million.
Funding updates: Morpho completes $175 million financing.
3. On-Chain and Capital
8 million BTC are in loss, increasing selling pressure.
CME launches Nasdaq crypto index futures, targeting institutional investors.
BTC-2.49%
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