June 3rd
(1) Sudden Crash and Bloodbath
Bitcoin's lowest dip was 65k, with a 24-hour drop of over 7%, currently rebounding to around 67k
Total liquidation across the network reached 65k, with longs liquidated at 67k, bulls slaughtered
Fortunately, everyone stayed cautious before the crash, avoiding a disaster
(2) Causes of the Crash
Bitcoin ETF net outflow was 519 million in a single day, with a total outflow of over 2.4 billion in the past week, institutions are fleeing
MicroStrategy SEC filings confirm they have sold Bitcoin, "HODLing forever" is being rewritten
CME data: probability of inte