Bitcoin Rebounds to $63K After Testing $60K Amid $4.4B ETF Outflows

Bitcoin rebounded to $63,000 on June 5 after an intraday washout to $61,349 that triggered $1.76 billion in liquidations and briefly tested the critical $60,000 support. The five-day selloff began June 1 with a drop to $71,500 and $400 million in liquidations, accelerated below $68,000 on June 2 amid $1 billion+ forced unwinds and MicroStrategy’s first BTC sale in years, then hit a four-month low near $65,385 on June 3 after US-Iran strikes and $1.8 billion in liquidations. Persistent $4.4 billion in spot-Bitcoin ETF redemptions over 13 sessions, rising oil prices, and leveraged deleveraging drove the $110 billion crypto-market-cap wipeout before the outflow streak ended with modest net inflows.