Bitcoin fell sharply into the mid-$60,000 range, with reports placing it around $65,000-$67,000 during fast-moving trading, as the broader crypto market saw between $1.33 billion and $1.8 billion in 24-hour liquidations. More than 272,000 traders were liquidated, with roughly $1.58 billion of losses tied to long positions versus about $217 million in short liquidations, highlighting how heavily bullish traders were hit. The selloff was linked to the unwinding of leveraged long positions built near $70,000 and was reinforced by $519 million of net outflows from U.S. spot Bitcoin ETFs on June 2, $90.15 million of outflows from Ether funds, a nearly 20% jump in the Bitcoin Volatility Index to 46.45%, and weakening futures momentum cited by analyst Axel Adler Jr. Traders are now watching whether $60,000 can hold as the next key support level.