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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/04/2026

Bitcoin Recovers to $67,000 After 9.5% Weekly Drop, $1.86B in Liquidations

What happened: Bitcoin rebounded 0.

Bitcoin Recovers to $67,000 After 9.5% Weekly Drop, $1.86B in Liquidations

What happened: Bitcoin rebounded 0.7% to around $67,000 on Wednesday after dipping to $65,708, capping a 9.5% weekly slide. This drawdown triggered $1.86B in crypto liquidations over 24 hours, with Bitcoin alone responsible for $896.4M. US spot Bitcoin ETFs saw $519.19M in net outflows on June 2, marking an ongoing redemption trend. Meanwhile, AI tokens diverged: NEAR rose 10% on the day (+135% over 30 days), and ENA surged 20% after Coinbase and Ethena announced a distribution deal.

Why it matters: The sharp correction highlights shifting risk appetite and a potential liquidity rotation as US equities hit record highs. While some analysts warn of structural cycle exhaustion, others point to capital being drawn toward upcoming mega-IPOs like SpaceX and OpenAI. The resilience of AI tokens and tech equities suggests risk-on sentiment remains, but persistent ETF outflows and liquidations could pressure crypto further if capital rotation accelerates.

Source: CoinDesk