On Tuesday, June 2, 2026, BTC plunged to $71,360, registering a -3.0% decline for the day. ETH showed slightly more resilience at $2,003, but the overall trend was clearly bearish. The week worsened for BTC, which recorded a -7.7% loss. Volumes surged, indicating panic selling, particularly on U.S. exchanges late morning.
This sudden downturn is attributed to renewed concerns in traditional markets. European and American stock indices experienced significant drops following hawkish comments from the Fed regarding interest rates. BTC, being correlated with risk assets, absorbed this pressure. Furthermore, rumors of massive liquidations on a major exchange circulated, intensifying the sell-off. Data reveals that over $200 million in long positions were liquidated within 24 hours, an unusually high figure.
For investors, this Tuesday marks a turning point. BTC lost the $72,000 support level, a price point it had held since mid-May. ETH, despite its relative stability, remains vulnerable below $2,050. The prospect of a negative week is confirmed, with analysts suggesting a potential test of $68,000 if the trend continues. Short selling has increased, signaling a dominant bearish sentiment. Caution is advised, and many investors are reducing their exposure while awaiting signs of stabilization.
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