Key Takeaways:
Coinglass recorded $1.12B in liquidations on June 3, with $949M from longs. Bitcoin hit $62,569 on Binance at 9:50 p.m. EDT on Wednesday, placing the $60K support zone in focus.Ethereum saw $252.9M liquidated as traders watch ETF flows and macro data.According to the latest figures:
24-hour liquidations: $1.12 billion Long liquidations: $949 million Short liquidations: $168.7 million Bitcoin liquidations: $601.2 million Ethereum liquidations: $252.9 million Bitcoin Extends 2026 Correction What’s Driving the Pullback?Several factors have weighed on sentiment in recent weeks.
Key Levels in FocusMarket participants are now watching the $60,000 range and below it closely.
The zone has repeatedly acted as support during 2026 and now represents one of the most important technical areas on the tape. A sustained move below that region could increase attention on lower targets discussed by some analysts.
On the upside, traders are monitoring resistance between $65,000 and $70,000, followed by the $75,000 to $77,000 range.
