Bitcoin tumbled nearly $63,000 on June 3, 2026, as total crypto liquidations across the market surged past $1.1 billion amid heavy volatility and aggressive deleveraging.

We break down the main drivers behind the sell-off, what the data really shows, and the levels every trader should now watch.

Bitcoin Prints the Lowest Daily Candle Close Since February

A crypto liquidation event happens when leveraged trading positions get forcibly closed because prices breach key support levels. Bitcoin’s recent dive to $63,092 triggered exactly that, wiping out hundreds of millions in long bets.

CoinGlass data showed total crypto liquidations topping $1.1 billion in 24 hours,…