Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

-
Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

source https://www.coindesk.com/tech/2026/06/03/live-markets-bitcoin-crashes-to-usd62-000-as-billions-of-longs-get-liquidated

Comentários

Postar um comentário

Postagens mais visitadas deste blog

Bitcoin Reverses Powell Spike With a Flash Crash as Options Market Signals Jitters Ahead

-
Imagem
Bitcoin (BTC) fell below $111,000 during the overnight trade, reversing Friday's spike caused by Fed Chair Powell's dovish speech, as a whale sold into illiquid market conditions. The cryptocurrency's price fell by over 2% from $114,666 to $112,546 in under ten minutes to 07:40 UTC. The so-called flash crash occurred when a single whale sold 24,000 BTC, worth over $300 million, according to blockchain data firm Timechainindex.com. "This entity liquidated their entire 24,000 balance, sending all of it to Hyperunite. They transferred 12,000 just today and are still actively selling, which is likely contributing to the ongoing price drop," the firm's researcher Sani said on X , adding that the whale still holds a total of 152,874 BTC across all associated addresses, including 5,266 BTC. "The funds originally came from HTX about six years ago and had remained inactive until recent transactions involving one of their addresses containing approximately 24,00...
Leia mais

Polymarket Odds on Jerome Powell's Ouster Jumps as Congresswoman Says It's 'Imminent'

-
Imagem
A Florida Congresswoman's post on X has moved the market for bettors looking to speculate on the firing of Federal Reserve chair Jerome Powell. Anna Paulina Luna (R- Florida) claimed on the social media site that Powell's firing was 'imminent', but provided no further details, moving the 'yes' side of a related contract on Polymarket by 4 % up to 27%. Luna does not serve on the House Financial Services Committee , which oversees the Federal Reserve. The Florida 13th district representative serves on the House Oversight and Accountability Committee and Natural Resources Committee, and is a member of the House Freedom Caucus and Congressional Second Amendment Caucus. President Trump has long wished to remove Jerome Powell, dating back to his first administration , but there would be significant legal challenges to removing him. In 2019, the Brookings Institution prepared an analysis highlighting the 1935 Supreme Court case  Humphreys' Executor v. United ...
Leia mais

Bitcoin, Stocks Hit By $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts

-
Move over Jackson Hole and inflation fears. The real driver behind the recent swoon in crypto and stock markets is likely the impending liquidity drain stemming from the U.S. government’s Treasury General Account (TGA), a checking account held at the Federal Reserve that is poised for a significant buildup. Bitcoin (BTC) has declined by over 8% to $113,500 since hitting record highs above $124,000 last Thursday, according to CoinDesk data. Prices for other major tokens such as ether (ETH), XRP (XRP), and solana's SOL (SOL) have also corrected, dragging the broader market lower. The CoinDesk 80 Index has dropped 13% since last Thursday. The bullish momentum has also weakened on Wall Street, where the tech-heavy Nasdaq index fell by nearly 1.40% to $23,384 on Tuesday, having hit a record high of $23,969 a week ago. Most market commentary has attributed the losses on Wall Street and in crypto markets to investor de-risking ahead of Federal Reserve (Fed) Chair Jerome Powell’s sched...
Leia mais