Bitcoin Falls Below $70,000 and $67,000 in June Liquidation Cascades, but Sources Disagree on Timing and Size
Bitcoin dropped below $70,000 and then below $67,000 in early June, triggering liquidations that sources put between roughly $766 million and $1.8 billion in a single day. The sources differ on the dates and magnitude of the selloff, and the ETF outflows they cite are reported for a different time window.
Written by CoinArticle’s AI Newsroom · from 3 cited sources. How we work
What the Sources Report
Bitcoin fell below $70,000 in early June and then below $67,000, according to two 99Bitcoins daily market roundups. The first, dated June 2, reported a 3.8% overnight decline and more than $766 million in daily liquidations, with over $600 million of that from long positions. The second, dated June 3, reported a 4.2% decline over 24 hours and more than $1.8 billion in liquidations, with over $1.54 billion from longs.
The two figures are not reconciled in the sources. The June 3 total is more than double the June 2 total, which is consistent with a continuing selloff, but the articles do not state whether the June 3 figure is a fresh daily tally or a running total. Readers should treat the two numbers as separate snapshots rather than a single progression.
A Conflicting Account of an Earlier Drop
A third source, Crypto Briefing, describes a different episode. It reports that Bitcoin slipped below $76,000 for the first time since mid-September, with the drop occurring over November 3 and 4, 2026. That article puts total market liquidations at approximately $366 million, of which about $100 million was tied to Bitcoin, with longs making up roughly 70% of the total.
The Crypto Briefing figures cannot be squared with the 99Bitcoins June reports. The price levels, dates and liquidation totals differ, and the sources do not indicate whether they describe the same market move, separate events, or are subject to date-labeling errors. Until the dates are verified against exchange or on-chain data, this article does not treat the November episode as part of the June sequence.
ETF Flows and Their Limits
Crypto Briefing reports $398.6 million in net outflows from US spot Bitcoin ETFs on November 2, with BlackRock's IBIT accounting for $405.3 million of withdrawals. The article notes that IBIT's outflow exceeded the net total, meaning other funds took in money on the same day. It also attributes the outflows to fading institutional appetite amid macroeconomic and interest-rate uncertainty.
The 99Bitcoins June pieces say only that ETF flows weighed on price action, without citing a specific figure in the excerpts provided. The sources therefore do not establish a shared flow figure for the June selloff, and claims about ETF flows during the June decline are not confirmed here.
Market Structure and Support Levels
Crypto Briefing identifies the $77,000 to $77,500 range as near-term support before its drop, and says that zone now acts as resistance after the break. It also notes that a large share of liquidations falling on longs can reduce leverage that would fuel a further cascade, while stressing that sustained ETF selling is the more significant medium-term signal. Neither 99Bitcoins piece addresses support levels in the excerpts provided.
The June sources describe a market that remains under selling pressure, with the $70,000 and $67,000 levels breached in sequence. Whether these levels hold, and how the June flows compare to the November data, are questions the current sources do not resolve.
Why It Matters
For Traders
The sources disagree on liquidation totals and dates, so position sizing should rely on exchange-reported figures rather than these secondary tallies.
For Investors
Repeated ETF outflow reporting, if confirmed for the June window, would point to fading institutional demand that is more durable than one-day liquidations.
For Builders
Heavy long liquidations across consecutive sessions underline the need for protocols with leveraged lending or perpetuals to stress-test margin and liquidation logic against fast drawdowns.
This article is for information only and is not financial advice. Read the full disclaimer.
