By Isaac • June 6, 2026 10:33 am •
Bitcoin reclaimed the $61,000 level in Asian morning trading on Saturday, June 6, after slipping below $60,000 overnight.
The largest crypto asset fell as low as $59,227 before recovering, according to CoinDesk.
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The rebound came after a brutal stretch. CoinDesk reported the latest rout triggered roughly $1.6 billion in liquidations across crypto positions over 24 hours.
That liquidation figure is the real signal here. When leveraged traders get forced out at scale, the move stops being about sentiment and becomes mechanical selling that feeds on itself.
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC .
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