Bitcoin slid below $62,000 to a pre-Iran conflict low as $1.5 billion in crypto longs were wiped out and spot ETFs marked their 11th consecutive day of outflows.
Posted June 4, 2026 at 4:54 am EST.
Bitcoin fell below $62,000 Thursday morning, sliding to its lowest level since before the U.S.-Iran conflict began this spring and wiping out the rally that started when oil markets first reacted to the geopolitical escalation. The slide accelerated overnight as cumulative crypto liquidations approached $1.5 billion over the past 24 hours, with bullish bets accounting for the bulk of the losses, according to CoinGlass…
