It Was All There: High Leverage and a Rare BTC Sale Behind the June Crypto Crash

BTC

BTC/USDT

$80,001.99

+0.60%

$80,001.99

+0.60%

(24s)

24h Volume

$6,378,944,038.39

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

-0.0005%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$80,032.26

▲ 0.47%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$80,032.26

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.2

BeInCrypto Editorial

(12:23 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

The crypto market fell nearly 7% in 24 hours into June 3, with Bitcoin briefly breaking below $66,000 and around $1.8 billion in positions wiped out.

The drop looked sudden, but the on-chain data had been flashing for days. Leverage sat at October-crash levels, funding ran hot, and a rare Strategy Bitcoin sale was the spark.