Bitcoin and Ether sold off sharply on June 6, with Bitcoin falling to about $59,769.84 in one account and around $61,100 in another, while Ether dropped to roughly $1,524.44-$1,585. Available data does not confirm online speculation that investors were selling crypto to raise cash for a potential SpaceX IPO: CryptoQuant found no unusual USDC withdrawals, and exchanges recorded net outflows of about 66,470 BTC and 2.49 million ETH, which does not indicate a broad exit from crypto markets. Instead, the decline was more consistently linked to stronger-than-expected U.S. nonfarm payrolls data that reduced expectations for near-term Federal Reserve easing, alongside 13 straight trading days of U.S. spot Bitcoin ETF outflows totaling about $4.4 billion through June 3, extreme-fear sentiment and large-scale liquidations, including $172 million in Bitcoin long liquidations and $1.829 billion across crypto positions over 24 hours.