Data shows bullish bets related to Bitcoin have suffered a massive amount of 
liquidations as the asset&#8217;s price has plunged below the $70,000 mark. Bitcoin 
Falls Below $70,000 For The First Time Since April Following up on the bearish 
tone set during the second half of May, Bitcoin has opened June with another 
drawdown as its price has slipped under $70,000 for the first time since April 
7th. Related Reading: XRP Sees Biggest Exchange Inflow Of 2026—Shortly Before 
Even Larger Outflows Below is a chart that shows how the latest bearish action 
has looked for the cryptocurrency. Over the last 24 hours, Bitcoin has gone 
down by nearly 5%, hitting the $69,400 mark. Interestingly, while the original 
digital asset has suffered this blow, Ethereum, the second-largest token by 
market cap, has managed to hold up relatively well, being down by just 0.7% 
inside this window. Even many altcoins have seen smaller losses than BTC. The 
reason behind the disproportionate decline in Bitcoin may lie in the fact that 
its bearish action was triggered at least in part by a rare sale from 
Strategy, the largest treasury holder of the asset. Meanwhile, Bitmine, the 
Strategy-equivalent for Ethereum, announced another acquisition instead. As 
BTC&#8217;s drop during the past day has been significant, it has caught out a 
significant number of traders on the derivatives market. BTC-Related 
Liquidations Have Crossed $445 Million According to data from CoinGlass, a 
notable amount of liquidations related to Bitcoin have racked up on 
centralized exchanges over the last 24 hours. &#8220;Liquidation&#8221; here refers to the 
forceful closure that any open contract undergoes after it has amassed a 
certain percentage in losses (as defined by the specific platform). As 
displayed in the below table, total liquidations related to the digital asset 
sector have broken the $800 million mark. Out of these, more than $689 million 
in contracts involved were long positions. In percentage terms, this figure is 
equivalent to more than 85%. This dominance of bullish liquidations naturally 
makes sense in the context of the decline that the market has faced during the 
past day. As Bitcoin was struck particularly hard inside this window, it was 
by far the biggest contributor to the liquidations. From the above heatmap, 
it&#8217;s visible that a total of $445 million in BTC contracts were liquidated in 
the last 24 hours. The share of long liquidations was notably higher than the 
average for the wider sector, with more than 95% of contracts involved being 
bullish bets. Related Reading: Ethereum Price Falls, But Whales Push Holdings 
To 10-Week High While Ethereum&#8217;s price action has been relatively flat, it 
still ended up garnering $91 million in liquidations, the second-most behind 
Bitcoin. Featured image from Dall-E, chart from TradingView.com

Data shows bullish bets related to Bitcoin have suffered a massive amount of liquidations as the asset&#8217;s price has plunged below the $70,000 mark. Bitcoin Falls Below $70,000 For The First Time Since April Following up on the bearish tone set during the second half of May, Bitcoin has opened June with another drawdown as &#8230;

Bitcoin Bulls Crushed: Sub-$70,000 Crash Flushes $428M In Longs

Rubio told Congress sanctions relief requires nuclear concessions only, 
rejecting Hormuz linkage. Iran oil sanction relief by June 30 drops to 33.5% 
YES.
The post Rubio says US will lift Iran sanctions only for nuclear concessions, 
not Hormuz appeared first on Crypto Briefing.

Rubio told Congress sanctions relief requires nuclear concessions only, rejecting Hormuz linkage. Iran oil sanction relief by June 30 drops to 33.5% YES. The post Rubio says US will lift Iran sanctions only for nuclear concessions, not Hormuz appeared first on Crypto Briefing.

Rubio says US will lift Iran sanctions only for nuclear concessions, not Hormuz

Little Pepe raises $28.1M in presale as strong community participation 
continues to attract new buyers. This tale has a familiar iteration in many 
memecoin projects. Large presales followed by lofty community goals, with the 
promise of Layer-2 infrastructure. So when…

Little Pepe raises $28.1M in presale as strong community participation continues to attract new buyers. This tale has a familiar iteration in many memecoin projects. Large presales followed by lofty community goals, with the promise of Layer-2 infrastructure. So when…

Little Pepe sells over 16.9b LILPEPE tokens as presale attracts more buyers ahead of launch

After the latest Ethereum (ETH) pullback, some analysts have pointed to a 
bearish setup that suggests the leading altcoin could see another correction 
toward its potential market bottom. Related Reading: Arthur Hayes Bets $100K 
On Hyperliquid, Says HYPE Will Beat Solana By Year‑End Ethereum Bear Setup 
Breakdown Spells Trouble On Tuesday, Ethereum saw a 5.5% intraday drop from 
its daily opening, falling below the $1,900 barrier for the first time since 
late February. Notably, the King of Altcoins broke down from its five-day 
range between $1,965-$2,035, reaching a two-month low of $1,880. Amid today’s 
broader pullback, which also sent Bitcoin (BTC) toward the $67,000 support, 
market observer Trader Tardigrade affirmed that ETH’s final correction may be 
around the corner as a key bearish pattern is “repeating perfectly.” The 
trader pointed out a breakdown from a bear flag formation on the altcoin’s 
three-day chart. The setup had been forming since the February market crash, 
with the cryptocurrency breaking out of the pattern’s lower boundary around 
mid-May, when the price lost the $2,200 area. According to the above chart, 
this is the second time this pattern has formed since the Q3 2025 highs, with 
the first setup developing between late 2025 and early 2026, and resulting in 
the Q1 2026 40% crash. More importantly, Ethereum appears to be repeating the 
same path as its correction from the Q4 2024-Q1 2025 rally. After topping in 
late 2024, the cryptocurrency printed two consecutive bear flags, followed by 
a fresh leg down, before reaching its local bottom and eventually starting a 
new bullish rally. Now, “the structure is identical. Same breakdown. Same 
setup,” which suggests that “the final dip” toward the market bottom may be 
around the corner. “Once this dip completes, we&#8217;re headed straight into the 
next explosive leg up,” the trader stated. Where Is ETH Headed? Analyst Rekt 
Capital noted that Ethereum closed the month below its multi-year uptrend for 
the second time in five months. The last time this happened, the altcoin saw a 
“limited move to the upside” but was quickly rejected from the crucial $2,400 
horizontal level. This signals that the rallies stemming from this trendline 
“are clearly weakening,” with the multi-year uptrend “likely faltering.” 
According to the analysis, ETH must hold the 2026 lows, around $1,750, or 
reclaim the uptrend to avoid a deeper correction. Similarly, Ali Martinez 
named this level a crucial support amid the recent price action. As he 
explained, Ethereum is approaching the bottom of its four-month horizontal 
channel, which is near the $1,825 level. To the analyst, “that area could 
offer a favorable risk-reward entry targeting $2,073 and $2,360, as long as 
price remains above $1,750 on a daily closing basis.” However, he has 
previously warned that since the price was rejected from the mid-zone of a 
multi-year channel and the 200-week Simple Moving Average (SMA), the altcoin 
risks a deeper correction. Related Reading: The Bitcoin Retracement Rally And 
The Resistance Level That Could End It All Therefore, if ETH sees a weekly 
close below the $1,850 area, “downside acceleration becomes highly likely,” 
with the channel structure pointing to two major downside targets, from a 
technical perspective. Martinez concluded that the initial retracement would 
see Ethereum retest the interim structural support around $1,560, while a 
deeper correction could push the price near the lower boundary of the multi- 
year range, at $1,070. Featured Image from Unsplash.com, Chart from 
TradingView.com

After the latest Ethereum (ETH) pullback, some analysts have pointed to a bearish setup that suggests the leading altcoin could see another correction toward its potential market bottom. Related Reading: Arthur Hayes Bets $100K On Hyperliquid, Says HYPE Will Beat Solana By Year‑End Ethereum Bear Setup Breakdown Spells Trouble On Tuesday, Ethereum saw a 5.5% &#8230;

Ethereum Ready For The ‘Final Dip’? Analysts Call For New Lows As Price Retests $1,900

Three senior Democratic lawmakers have called on the U.S. Labor Department to 
withdraw a proposal that could open the country&#8217;s roughly $10.1 trillion 
401(k) retirement market to cryptocurrencies and other alternative 
investments. According to a letter sent Tuesday by Senator…

Three senior Democratic lawmakers have called on the U.S. Labor Department to withdraw a proposal that could open the country&#8217;s roughly $10.1 trillion 401(k) retirement market to cryptocurrencies and other alternative investments. According to a letter sent Tuesday by Senator…

Democrats push Labor Department to scrap crypto 401(k) proposal

Karen Bass confirmed to advance to LA&#8217;s November mayoral runoff. First-round 
finish market at 98% YES; general election win at 78% YES.
The post Karen Bass advances to LA mayoral runoff in November appeared first 
on Crypto Briefing.

Karen Bass confirmed to advance to LA&#8217;s November mayoral runoff. First-round finish market at 98% YES; general election win at 78% YES. The post Karen Bass advances to LA mayoral runoff in November appeared first on Crypto Briefing.

Bitcoin Bulls Crushed: Sub-$70,000 Crash Flushes $428M In Longs

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