Gotrade News – Bitcoin dropped roughly 6% below $67,000 on Tuesday (6/3), hitting its lowest level since April 5. Crypto liquidations breached $1 billion within hours, the largest wave since February according to CoinGlass data.

The selloff was driven by escalating Iran geopolitical tensions and aggressive whale selling that unwound long positions. Bitcoin’s inflation-hedge narrative has weakened further, contrasting sharply with the resilience of US equities and the ongoing AI-led rally.

Key Takeaways

• Bitcoin fell about 6% below $67,000, roughly 50% under its all-time high of $126,000 set in October.
• Crypto market liquidations topped $1 billion in hours, the biggest…