Key facts
- Bitcoin buyers have accumulated over 250,000 BTC in the $59,000 to $67,000 price range.
- The Accumulation Trend Score has reached its strongest level during the current drawdown.
- A liquidation cascade occurred between June 4-6, 2026, causing Bitcoin to drop from $67,000 to $59,100.
- Over $3 billion in leveraged positions were liquidated during the cascade.
- US spot Bitcoin ETFs experienced a 13-day streak of outflows leading up to the cascade.
- Strategy disclosed selling 32 BTC, impacting market sentiment.
Bitcoin buyers have added over 250,000 BTC in the price range of $59,000 to $67,000, signaling a return of accumulation across both retail and whale investor groups. This buying activity coincides with the Accumulation Trend Score reaching its strongest level during the current market drawdown.
This accumulation follows a significant liquidation cascade that occurred between June 4 and June 6, 2026. During this period, Bitcoin's price dropped from approximately $67,000 to a cycle low of $59,100. Over 48 hours, more than $3 billion in leveraged positions were forcibly closed across cryptocurrency derivatives markets, with long traders bearing the brunt of the liquidations.
The cascade was triggered by a confluence of factors. US spot Bitcoin ETFs began a streak of 13 consecutive daily outflows, totaling $4.33 billion by June 3, indicating a reversal in institutional demand. The Mt. Gox estate also moved 10,422 BTC, amplifying supply fears. Strategy, formerly MicroStrategy, disclosed its first sale of BTC in years, which, despite being a small amount, damaged market sentiment.
On June 4, Bitcoin broke below $63,000, leading to cascading liquidations of $1.75 to $1.84 billion within 24 hours. The following day, a strong US jobs report caused the Nasdaq 100 to fall by approximately 5%, pulling cryptocurrencies into a correlated risk-off move and pushing BTC to its intraday low. By June 6, Bitcoin recovered above $61,000 as $1.6 billion in forced liquidations cleared short-side pressure.