Cryptocurrency markets are trading down with a liquidation cascade following the Roaring Kitty live stream ending the trading week on a negative note.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: SHIB) | $0.00002367 | -6.1% |
Notable Statistics:
- Coinglass data noted $337.08 million in crypto liquidations in just four hours, with the majority accounting for long liquidations. In the past 24 hours, 158,083 traders were liquidated.
- IntoTheBlock data noted that Bitcoin holders currently in profit are down from 98% to 87%. On the other hand, exchange netflows increased 209% in single day.
- With Spot Bitcoin ETF inflows of $217.78 million on June 5, total inflows since the ETFs started trading in early January crossed the $15 billion mark.
- Bitcoin Archive noted that Bitcoin is in the second longest period of consolidation (84 days) since it bounced off the bear-market low of $15,500.
Notable Developments:
Bitcoin Peak of $120,000 By Late 2024, Major Alt Season To Follow: Bitfinex
Customers Bank Ends Services For Some Crypto Hedge Funds
Top Losers:
| Cryptocurrency | Price | Gains +/– |
| Dogwifhat (CRYPTO: response to the much-awaited Roaring Kitty livestream, Wazz Crypto noted in a tweet, “This stream was an extinction-level event for many Solana meme coins.”
Crypto trader Stoic analyzed the current situation and concluded:
Another trader, Willy Woo sees one to three weeks more of bullish impulse. Read Next: Bitcoin, Ethereum ETF Could Make ‘June A Really Good Month For Altcoins,’ Predicts Veteran Trader Related PostsPiper Sandler Maintains Overweight on Magnolia Oil & Gas, Lowers Price Target to $35
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