Bitcoin Rebounds Above $61,000 After $59,100 Low

Bitcoin rebounded above $61,000 on June 6 after plunging to an intraday low near $59,100 on June 5. The sharp selloff erased over $500 billion from the crypto market and triggered more than $4.5 billion in leveraged liquidations amid extreme fear. Heavy spot Bitcoin ETF outflows totaling $3.45 billion over 11 sessions, combined with MicroStrategy’s sale of 32 BTC, accelerated the decline from the May peak above $82,000. Short-term support now rests near $60,000 as traders monitor ETF flows for stabilization signals.