
Over $766M in Crypto Liquidations as Leveraged Longs Get Wiped Out
Bitcoin slipping below $70,000 triggered more than $766 million in crypto liquidations on June 2, 2026, with leveraged long positions bearing the brunt of the cascade.

Crypto Markets Writer
Tony Rabbit is a crypto markets writer at DEXTools News covering decentralized finance, on-chain trends, and trading narratives. He turns DEXTools live on-chain data into clear, actionable explanations for everyday readers, with a focus on new token launches, memecoins, liquidity, token safety, and how DEX market structure actually behaves. His reporting leans on primary sources and verifiable on-chain evidence over hype.
1469 articles published

Bitcoin slipping below $70,000 triggered more than $766 million in crypto liquidations on June 2, 2026, with leveraged long positions bearing the brunt of the cascade.

Bitcoin dropped under $70,000 for the first time in nearly two months on June 2, 2026, sliding to an intraday low near $66,948 and settling around $67,287 in a single session down about 5.65%.

Strategy Inc (NASDAQ: MSTR) fell 5.85% to close at $149.78 on Monday after an SEC filing revealed the company sold 32 Bitcoin to fund dividend payments, breaking its long-standing buy and never sell stance.

Prediction markets and crypto research firms now place the odds of a US spot Solana ETF approval at roughly 60 to 75 percent for 2026, a sharp jump from below 20 percent in 2024.

A sharp June 2 selloff pushed investors out of crypto and toward higher-performing sectors such as AI, as the total market cap fell about 4.5 percent and sentiment slid into Extreme Fear.

More than 90 crypto ETF applications are pending with the US SEC as of June 2, 2026, with Solana and XRP leading a crowded queue that analysts expect to drive a possible wave of altcoin ETF decisions during the year.

Ethereum breached its key $2,000 support zone on June 2, 2026, hitting an intraday low near $1,963 as Bitcoin slipped under $70,000 and the broad crypto market fell about 4.5 percent.

The Crypto Fear and Greed Index slid into Extreme Fear on June 2, 2026, with readings near 23 to 29 as Bitcoin fell below $70,000 and Ethereum dropped under $2,000.

Learn how the harami candlestick pattern works in crypto trading, how to spot bullish and bearish setups, and how to confirm reversals with volume and price levels.

Learn how the hanging man candlestick warns of a possible top in crypto. Understand its shape, how it differs from the hammer, and how to confirm it.

Learn how the evening star candlestick pattern signals bearish reversals in crypto, how to read its three candles, and how to confirm it before acting.

Learn how to spot and trade the shooting star candlestick, a bearish reversal pattern that warns of weakening momentum at the top of a crypto uptrend.