BTC plunges 0.73% in 1 hour: institutional capital outflows and leveraged liquidations trigger a wave of short-term selloffs

Between 07:00 and 08:00 (UTC) on June 5, 2026, the BTC price fell from 61,986.7 USDT to 61,379.0 USDT, with a return of -0.73% and a range of 0.98%. This period is in a phase of accelerated decline for BTC; within 24 hours, the drop exceeded 3.5%, and since the May 6 high of $82,500, it has cumulatively fallen by about 26%. The weekly trend is heading toward the largest week-over-week decline since November 2022.

The main driver behind this abnormal move is continued institutional capital outflows, compounded by leverage liquidation effects in the derivatives market. U.S. Bitcoin spot ETFs have sustained net outflows since mid-May; in early June, the outflow expanded to $733 million, causing a momentary vacuum in spot-market buy pressure. Meanwhile, after the price broke below the $75,000 key technical support, it triggered a cascading liquidation mechanism in the derivatives market. Over the past 24 hours, more than 160,000 accounts were liquidated for over $900 million; longs accounted for 93%, and BTC derivatives liquidations totaled $363 million.

In addition, high oil prices weaken expectations of Fed rate cuts. WTI crude oil broke above $90 per barrel. The market broadly expects the likelihood of rate cuts this year to be small, and there may even be rate-hike expectations. A stronger U.S. dollar puts systemic pressure on risk assets. At the same time, market sentiment is in extreme panic: the Fear and Greed Index has fallen to 11, and the daily RSI is only 10.00. Stablecoin dominance has broken above 11.83%, approaching the 13% “accumulation trigger” threshold. These multiple negative factors form a reinforcing downward loop.

In the short term, focus on the $60,000 key support level; if it is broken, BTC will enter a deep correction. ETF fund flows, unusual activity in on-chain whale wallets, and Fed policy signals are important indicators to watch. Current volatility risk remains high; users should be alert to further selling pressure driven by cascading liquidations and changes in macro policy.