Key Highlights
- Bitcoin fell to $63,207, down 3.9% in 24 hours and 13.8% over the past seven days, while Ethereum dropped to $1,763 as the crypto selloff deepened across major assets.
- Crypto liquidations reached $1.72 billion over the past 24 hours, with long traders accounting for $1.41 billion of the wipeout. Bitcoin led with $797.05 million in liquidations, followed by Ethereum at $381.27 million.
- US spot Bitcoin ETFs posted $396.60 million in daily net outflows, while Ethereum ETFs saw $52.94 million in outflows. Solana and XRP ETFs also turned negative, while BNB ETFs posted a small inflow.
The crypto market remained under heavy pressure on Thursday as Bitcoin broke lower to $63,207 and Ethereum slipped to $1,763.60, extending the steep selloff that has dominated the opening week of June.
Bitcoin is now down 13.8% over the past seven days, while Ethereum has lost 12.3% over the same period. Solana showed the sharpest weekly decline among major assets, falling 15.6% as broader risk appetite continued to weaken.
The selloff was again amplified by derivatives. CoinGlass data showed $1.72 billion in total liquidations over the past 24 hours, with long positions accounting for $1.41 billion. That confirms the latest leg lower was still driven by forced unwinding of bullish leverage.
Crypto Price Data: Top Crypto Assets
| Rank | Token | Price | 1H | 24H | 7D | 24H Volume | Market Cap |
|---|---|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $63,207.11 | -0.8% | -3.9% | -13.8% | $66.41B | $1.27T |
| 2 | Ethereum (ETH) | $1,763.60 | -0.5% | -3.3% | -12.3% | $29.54B | $213.01B |
| 3 | Tether (USDT) | $0.9989 | -0.0% | +0.0% | +0.1% | $266.43B | $187.32B |
| 4 | BNB (BNB) | $601.21 | -0.7% | -3.6% | -6.0% | $2.03B | $81.14B |
| 5 | USDC (USDC) | $0.9997 | -0.0% | -0.0% | +0.0% | $24.54B | $75.87B |
| 6 | XRP (XRP) | $1.17 | +0.1% | -4.2% | -12.0% | $3.31B | $72.42B |
| 7 | Solana (SOL) | $69.08 | -0.4% | -5.3% | -15.6% | $5.67B | $40.14B |
| 8 | TRON (TRX) | $0.3301 | -0.1% | -1.1% | -5.7% | $826.17M | $31.31B |
| 9 | Figure Heloc (FIGR_HELOC) | $1.00 | +0.0% | -2.9% | -3.3% | $761.35M | $18.50B |
| 10 | Hyperliquid (HYPE) | $67.69 | -0.6% | -6.0% | +15.0% | $1.89B | $15.12B |
| 11 | Dogecoin (DOGE) | $0.08894 | -0.2% | -3.5% | -9.4% | $1.48B | $13.77B |
Bitcoin’s move below $64,000 marks a deeper breakdown from the $66,000 support area that traders were watching earlier in the week. The seven-day chart continues to show lower highs and lower lows, with buyers failing to defend each short-term bounce.
Ethereum also remained weak after losing the $1,900 level earlier in the week. ETH now trades near $1,760, with its market cap falling to roughly $213 billion.
Solana was the weakest major asset in the top group, down 5.3% on the day and 15.6% over the week. HYPE remained the only major token still positive on a seven-day basis, but even it fell 6.0% over 24 hours.
Top Crypto Gainers and Losers
Top Gainers
| Token | Price | 24H Gain | 24H Volume |
|---|---|---|---|
| Bitway (BTW) | $0.02261 | +84.7% | $21.82M |
| Zest Protocol (ZEST) | $0.2456 | +64.7% | $51.58M |
| Degen (DEGEN) | $0.001572 | +47.9% | $37.88M |
| Epic Chain (EPIC) | $0.6326 | +35.8% | $62.17M |
| SHOW (SHOW) | $1.06 | +25.7% | $1.04M |
Top Losers
| Token | Price | 24H Loss | 24H Volume |
|---|---|---|---|
| Grass (GRASS) | $0.3841 | -22.7% | $50.28M |
| Useless Coin (USELESS) | $0.08187 | -22.1% | $28.59M |
| LAB (LAB) | $12.95 | -21.7% | $89.47M |
| Portal (PORTAL) | $0.01772 | -18.7% | $41.69M |
| MYX Finance (MYX) | $0.2684 | -16.8% | $36.96M |
The top gainers list was still dominated by smaller-cap and high-beta tokens, with Bitway jumping 84.7% and Zest Protocol rising 64.7%. However, these moves were isolated and did not reflect broader market strength.
The losers list showed deeper stress across speculative names. Grass, Useless Coin and LAB each fell more than 21%, confirming that traders are still reducing exposure to volatile altcoins as majors continue to break lower.
Crypto Leverage Data: June 4, 2026
| Asset | Funding / Positioning Setup | Signal |
|---|---|---|
| BTC | Mixed, slightly negative on Binance and MEXC, positive on OKX, Bybit and Gate | Leverage is no longer one-way bullish, but price action remains weak |
| ETH | Mostly positive across major venues, with some negative prints | ETH still has long demand despite losing key levels |
| SOL | Mixed to slightly negative across several venues | Weak spot structure keeps shorts active |
| HYPE | Positive across most venues | Relative-strength trade remains crowded |
| XRP | Mostly negative across major venues | Traders remain cautious to bearish |
| ZEC | Strongly negative on several venues | Crowded short positioning |
| DOGE | Mixed funding | Meme-coin risk appetite remains weak |
| BNB | Mostly neutral to negative | Relative strength has faded after the drop toward $600 |
The funding-rate setup is more mixed than the liquidation numbers suggest. BTC funding is no longer aggressively positive across exchanges, while XRP and ZEC show heavier short-side positioning.
However, the market structure remains fragile. Price continues to fall even after two major liquidation events, which means spot selling and ETF outflows are still overwhelming any leverage reset.
Reading the tape: funding has cooled, but forced liquidations remain large. That is not yet a clean bullish reset. It shows leverage is being removed, but buyers have not stepped in strongly enough to absorb spot selling.
Crypto Liquidation Data: June 4, 2026
| Metric | Data |
|---|---|
| Total 24H liquidations | $1.72B |
| Long liquidations | $1.41B |
| Short liquidations | $306.10M |
| 24H liquidated traders | 286,640 |
| Largest single liquidation | Hyperliquid BTC-USD, $16.19M |
| Most liquidated asset | BTC, followed by ETH |
The liquidation event expanded again, rising to $1.72 billion over 24 hours. Long traders accounted for $1.41 billion of that total, while short liquidations stood at $306.10 million.
Bitcoin led the liquidation heatmap with $797.05 million in liquidations. Ethereum followed with $381.27 million, while Solana recorded $86.70 million. HYPE also saw $36.57 million in liquidations as its relative strength weakened on the day.
| Asset | Liquidations |
|---|---|
| Bitcoin (BTC) | $797.05M |
| Ethereum (ETH) | $381.27M |
| Solana (SOL) | $86.70M |
| Hyperliquid (HYPE) | $36.57M |
| Others | $127.97M |
The short-term liquidation windows show that the market remained unstable even after the larger 24-hour wipeout. Over four hours, liquidations reached $84.80 million, but short liquidations were larger than longs in that window, showing late shorts were also getting caught during intraday rebounds.
Exchange Liquidations
| Exchange | 4H Liquidations | Long | Short | Share | Skew |
|---|---|---|---|---|---|
| Binance | $35.85M | $13.06M | $22.78M | 42.28% | 63.56% short |
| Hyperliquid | $14.40M | $3.80M | $10.61M | 16.99% | 73.64% short |
| OKX | $10.34M | $3.63M | $6.71M | 12.20% | 64.91% short |
| Bybit | $9.29M | $4.32M | $4.97M | 10.95% | 53.50% short |
Binance led the four-hour liquidation window with $35.85 million, followed by Hyperliquid at $14.40 million and OKX at $10.34 million.
The important shift is that the four-hour exchange liquidation skew leaned short, even though the 24-hour liquidation event was dominated by longs. That suggests the market is becoming more two-sided intraday, with shorts getting punished on relief bounces while the broader daily trend remains bearish.
Crypto ETF Data: Bitcoin, Ethereum, BNB, XRP and Solana
US Bitcoin ETFs: Outflows Continue at $396.60M
US spot Bitcoin ETFs recorded $396.60 million in daily net outflows on June 3. Total net assets stood at $82.83 billion, equal to 6.36% of Bitcoin’s market cap, while total value traded reached $2.60 billion.
| ETF | Sponsor | Daily Net Inflow | BTC Flow | Cumulative Net Inflow | Net Assets |
|---|---|---|---|---|---|
| IBIT | BlackRock | -$342.34M | -5.21K BTC | $62.64B | $50.82B |
| FBTC | Fidelity | -$54.26M | -826.03 BTC | $10.46B | $11.82B |
| GBTC | Grayscale | $0.00 | 0.00 BTC | -$26.70B | $9.48B |
| BTC | Grayscale | $0.00 | 0.00 BTC | $2.27B | $3.46B |
| BITB | Bitwise | $0.00 | 0.00 BTC | $2.02B | $2.43B |
| ARKB | Ark & 21Shares | $0.00 | 0.00 BTC | $1.23B | $2.14B |
| MSBT | Morgan Stanley | $0.00 | 0.00 BTC | $253.75M | $247.78M |
Bitcoin ETF flows stayed negative for another session. BlackRock’s IBIT led the outflow with $342.34 million, while Fidelity’s FBTC saw $54.26 million leave the fund. The rest of the major products were mostly flat.
The key read is that ETF pressure has not stopped. The daily outflow was smaller than the prior session’s $519.19 million, but it still removed nearly $400 million from the spot Bitcoin ETF complex as BTC traded toward $63,000.
US Ethereum ETFs: Outflows Narrow to $52.94M
US spot Ethereum ETFs recorded $52.94 million in daily net outflows on June 3. Total net assets stood at $9.96 billion, equal to 4.63% of Ethereum’s market cap, while total value traded reached $636.12 million.
| ETF | Sponsor | Daily Net Inflow | ETH Flow | Cumulative Net Inflow | Net Assets |
|---|---|---|---|---|---|
| ETHA | BlackRock | -$51.58M | -28.38K ETH | $11.30B | $5.18B |
| ETH | Grayscale | $0.00 | 0.00 ETH | $1.88B | $1.59B |
| ETHE | Grayscale | $0.00 | 0.00 ETH | -$5.31B | $1.42B |
| FETH | Fidelity | -$1.35M | -745.06 ETH | $2.13B | $879.35M |
| ETHB | BlackRock | $0.00 | 0.00 ETH | $529.52M | $535.21M |
Ethereum ETF outflows narrowed compared with the previous session, but they remained negative. BlackRock’s ETHA accounted for nearly the entire daily outflow, with $51.58 million leaving the fund.
The ETF pressure came as ETH traded near $1,760, keeping the institutional-flow signal aligned with the weaker spot-market structure.
US BNB ETFs: Small Positive Flow
US BNB spot ETFs recorded $1.21 million in daily net inflows on June 3. Total net assets stood at $2.19 million.
| ETF | Sponsor | Daily Net Inflow | BNB Flow | Cumulative Net Inflow | Net Assets |
|---|---|---|---|---|---|
| VBNB | VanEck | +$1.21M | +1.94K BNB | $1.21M | $2.19M |
BNB was one of the only ETF categories in the green, with VanEck’s VBNB recording $1.21 million in inflows. However, the product is still very small and does not yet represent a major market-moving flow.
BNB itself fell 3.6% over 24 hours to $601.21, showing that the small ETF inflow was not enough to offset broader market selling.
US XRP ETFs: Outflows Return
US XRP spot ETFs recorded $5.34 million in daily net outflows on June 3. Cumulative net inflows stood at $1.42 billion, while total net assets fell to $1.03 billion.
| ETF | Sponsor | Daily Net Inflow | XRP Flow | Cumulative Net Inflow | Net Assets |
|---|---|---|---|---|---|
| XRP | Bitwise | -$4.06M | -3.35M XRP | $467.32M | $311.64M |
| XRPC | Canary | $0.00 | 0.00 XRP | $458.54M | $270.26M |
| XRPZ | Franklin | $0.00 | 0.00 XRP | $392.18M | $253.53M |
| TOXR | 21Shares | -$589.37K | -487.29K XRP | -$20.17M | $130.96M |
| GXRP | Grayscale | -$699.42K | -578.27K XRP | $129.41M | $63.88M |
XRP ETF flows turned negative after earlier signs of selective accumulation. Bitwise’s XRP product led the outflow with $4.06 million, while 21Shares and Grayscale also saw smaller redemptions.
XRP fell 4.2% on the day to $1.17, keeping pressure on the $1.15–$1.20 support zone.
US Solana ETFs: SOL Funds Lose $12.74M
US spot Solana ETFs recorded $12.74 million in daily net outflows on June 3. Cumulative net inflows stood at $1.13 billion, while total net assets fell to $826.52 million.
| ETF | Sponsor | Daily Net Inflow | SOL Flow | Cumulative Net Inflow | Net Assets |
|---|---|---|---|---|---|
| BSOL | Bitwise | -$11.56M | -159.69K SOL | $893.91M | $582.57M |
| FSOL | Fidelity | $0.00 | 0.00 SOL | $186.72M | $114.31M |
| GSOL | Grayscale | -$1.19M | -16.38K SOL | $114.57M | $99.30M |
| VSOL | VanEck | $0.00 | 0.00 SOL | $18.80M | $13.23M |
| SOEZ | Franklin | $0.00 | 0.00 SOL | $9.78M | $8.18M |
Solana ETF flows flipped negative, with Bitwise’s BSOL driving most of the outflow. The move came as SOL fell to $69.08 and lost 15.6% over seven days.
The shift is important because Solana ETF flows had been one of the few bright spots in the previous session. That support has now weakened while SOL trades near a major psychological level at $70.
Stablecoin and Liquidity Data
| Stablecoin | Price | 24H Volume | Market Cap | Market Read |
|---|---|---|---|---|
| Tether (USDT) | $0.9989 | $266.43B | $187.32B | Main liquidity rail during selloff |
| USDC (USDC) | $0.9997 | $24.54B | $75.87B | Secondary collateral and liquidity flow |
Stablecoin volume surged as traders moved through the selloff. USDT recorded $266.43 billion in 24-hour volume, far above any risk asset in the market. USDC added another $24.54 billion.
The read is defensive. High stablecoin volume in this tape reflects collateral movement, deleveraging and risk reduction rather than broad redeployment into altcoins.
Spot vs Derivatives Volume
| Market Segment | June 4 Data | Read |
|---|---|---|
| Bitcoin spot volume | $66.41B | Heavy trading as BTC broke toward $63K |
| Ethereum spot volume | $29.54B | ETH selling continued near $1,760 |
| Solana spot volume | $5.67B | SOL weakness accelerated near $70 |
| XRP spot volume | $3.31B | XRP pressure continued near $1.17 |
| USDT volume | $266.43B | Stablecoin turnover surged during the selloff |
| USDC volume | $24.54B | Secondary stablecoin liquidity stayed active |
| Total liquidations | $1.72B | Derivatives drove the forced unwind |
| Long liquidations | $1.41B | Long-side leverage remained the main pressure point |
| Short liquidations | $306.10M | Shorts were also hit during intraday rebounds |
| BTC liquidations | $797.05M | Bitcoin led the liquidation cascade |
| ETH liquidations | $381.27M | Ethereum saw the second-largest forced unwind |
Spot volume was heavy, but derivatives continued to define the market structure. Bitcoin recorded $66.41 billion in 24-hour volume, while Ethereum saw $29.54 billion. USDT volume surged to $266.43 billion as traders moved collateral and reduced risk.
The liquidation profile remains the clearest signal. A $1.72 billion liquidation day, with $1.41 billion in longs wiped out, shows the selloff was still a forced deleveraging event.
Reading the tape: spot selling pushed BTC below $64,000, ETF outflows removed institutional support, and derivatives liquidations accelerated the downside. Until liquidations cool and BTC stabilizes above a key support level, the market remains vulnerable.
Macro and Market Setup
Crypto entered June with a worsening risk-off structure. Bitcoin has now moved from the upper-$60,000 range into the low-$60,000 area, while Ethereum has failed to reclaim $1,900. ETF outflows remain negative, and liquidation totals continue to rise.
The strongest pressure point is still Bitcoin. Spot BTC ETFs recorded another $396.60 million in outflows, while BTC liquidations reached $797.05 million. When ETF redemptions and derivatives liquidations move in the same direction, the market usually struggles to form a clean bottom.
The main counterpoint is that the size of the liquidation event may eventually reduce leverage enough for a relief bounce. But for now, the market has not shown confirmation. BTC needs to reclaim lost support before the setup can shift from defensive to constructive.
Key Levels to Watch
| Asset | Support | Resistance | Breakout Level | Breakdown Level |
|---|---|---|---|---|
| BTC | $62,000 | $65,000 | $66,500 | $60,000 |
| ETH | $1,720 | $1,850 | $1,900 | $1,650 |
| SOL | $68 | $72 | $75 | $64 |
| XRP | $1.15 | $1.22 | $1.28 | $1.10 |
| HYPE | $65 | $70 | $75 | $60 |
| BNB | $600 | $625 | $650 | $580 |
Bitcoin’s immediate support sits near $62,000. If that level fails, the next major downside target is $60,000. A reclaim of $65,000 would be the first sign of stabilization, while $66,500 is the level bulls need to recover to reduce bearish pressure.
Ethereum needs to defend $1,720 after falling below $1,800. A move back above $1,850 would help stabilize the short-term structure, but ETH needs $1,900 to repair the breakdown.
Solana is now testing the $68–$70 zone. XRP remains focused on $1.15 support, while HYPE needs to hold $65 to preserve its relative-strength setup.
Market Outlook
The June 4 crypto market setup remains bearish. Bitcoin has broken to $63,207, Ethereum is trading near $1,760, Solana has lost $70, and total liquidations have climbed to $1.72 billion.
The most important signal remains the liquidation skew. Long traders lost $1.41 billion over 24 hours, confirming that bullish leverage was still too heavy even after earlier selloffs. Bitcoin alone accounted for nearly $800 million in liquidations.
The ETF tape is also negative. Bitcoin ETFs lost $396.60 million, Ethereum ETFs lost $52.94 million, XRP ETFs lost $5.34 million, and Solana ETFs lost $12.74 million. BNB ETFs posted a small inflow, but the product remains too small to change the broader market read.
The constructive case is that liquidation events of this size can eventually clear leverage and set up a relief bounce. Stablecoin liquidity remains high, and HYPE is still positive on the week despite the daily pullback.
The cautious case is stronger for now. ETF outflows remain heavy, BTC has not stabilized, ETH is below key support, and SOL has broken under $70. Until Bitcoin reclaims $65,000 and then $66,500, the market should still be treated as a defensive, post-liquidation risk-off tape.
For now, sellers remain in control. The next signal will come from whether BTC defends $62,000, whether ETF outflows slow, and whether the liquidation cascade finally cools after multiple heavy sessions.
Also Read: Bitcoin Price Will Crash to $20K Once It Breaks $50K: Peter Schiff
