Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Stocks
App now fully supports direct access to the stock market
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards

Bitcoin Plunges Over 10% From $74,000; Coin-Margined Futures Hit 784,400 BTC, Near All-Time High

GateNews
Derivatives DataPrice Volatility
BTC-4.17%

According to BlockBeats, on June 3, Bitcoin plunged over 10% from $74,000 amid this week's market sell-off, retreating to lower levels. Notably, coin-margined futures open interest climbed to 784,400 BTC, approaching all-time highs amid the price decline.

Trader Killa, who predicted the bull market's peak in May 2025, stated that such divergence between price and open interest often signals a critical top or bottom, warranting close attention.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

2h ago
Bitcoin Dips Below $66,000 as ETF Outflows Extend to 12 Consecutive Days
3h ago
Bitcoin Falls to 65,385, Lowest Since February, as Funds Shift to Stocks and IPOs
5h ago
Bitcoin Drops Below $67,000 After Two-Month Rally, Spot Inflows Signal Low-Level Entry Attempts
14h ago
Bitcoin Falls Below $70K in Recent Weeks; Bitmine's Tom Lee Comments on Market Sell-Off on CNBC
17h ago
Bitcoin Traders Flip Bearish, Predict $55K Bottom as BTC Hits Two-Month Low on Monday
In-Depth Analysis

Bitcoin Short-Term Holder Losses Hit New Highs as Price Nears $60K

Crypto Frontier6h ago

Bitcoin Drops Below $70,000 for First Time Since April: Swissblock and Santiment Analyze Market Risks

Daniel Carter12h ago

Bitcoin Traders Turn Bearish as BTC Drops to $67,312 Amid Strategy Sale

Crypto Frontier16h ago
Comment
0/400
No comments