bearishhighNewsBTCUpdated 3 hours ago

Market Pulse

Bloodbath For Bulls: $623 Million In Bitcoin Longs Liquidated

The pattern points to a potential drop into the $50,000–$52,000 range, and the setup has gained weight from rising trading volumes on the downside move

OttoTrader publishedJun 4, 2026, 11:38 AM

Original source timeJun 4, 2026, 11:30 AM

UpdatedJun 4, 2026, 11:38 AM

Source publicationNewsBTC

Open source article Back to Market Pulse

Brief context

The part worth checking first.

What changed

The setup

The pattern points to a potential drop into the $50,000–$52,000 range, and the setup has gained weight from rising trading volumes on the downside move Trader Ridaa XBT called for a short-term relief bounce toward the $69,000–$70,000 range, arguing that the liquidation wave may have cleared out enough near-term selling pressure to allow a recovery The selloff dragged Bitcoin down to around $61,300 before buyers pushed the price back up past $64,750, a recovery of more than 5%

Why it matters

Trader relevance

Regulatory risk around BTC, XRP, and related majors can change volatility, liquidity, or sentiment. The concrete detail to watch is the pattern points to a potential drop into the $50,000–$52,000 range, and the setup has gained weight from rising trading volumes on the downside move

Trading lens

How to use it

Use this as defensive context from newsbtc.com. Watch whether trader Ridaa XBT called for a short-term relief bounce toward the $69,000–$70,000 range, arguing that the liquidation wave may have cleared out enough near-term selling pressure to allow a recovery confirms momentum, invalidates active bias, or changes timing.

Assets

BTC XRPNEAR

Themes

Regulation Liquidity

Source: NewsBTC on newsbtc.com.

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