Bitcoin slipped under $70,000 for the first time since April 7, extending weakness into early June and falling nearly 5% over the last 24 hours to around $69,400. The move triggered heavy derivatives shakeouts, with BTC contracts seeing $445 million in liquidations during the same 24-hour window and long positions making up more than 95% of the total.

XRP on-chain metrics showed the biggest single-day net exchange inflow of 2026, followed shortly by an even larger swing to net outflows. The inflow totaled 22.80 million XRP as price dipped to about $1.27, while a later reversal pulled 25.24 million XRP off exchanges. After rebounding above $1.36, XRP later retraced to around $1.30.

Large Ethereum wallets continued accumulating even as ETH weakened, pushing mega-whale holdings to a multi-week high. Investors holding at least 100,000 ETH now control 17.41 million tokens, equal to 22.03% of supply. ETH is also back below $2,000 after dropping more than 6% over the past week.

Cardano wallets holding at least 1 million ADA have pushed their combined balance to the highest level since December 2017, as the group kept adding to positions. The cohort now holds 25.11 billion ADA, equal to 64.49% of circulating supply, while ADA was around $0.23 at the time of writing, down nearly 6% over the past week.

Bitcoin’s perpetual futures Funding Rate has recently moved back into positive territory, indicating longs are paying shorts and bullish positioning is leading. Over the past day, $104 million in Bitcoin-linked positions were liquidated, with more than $85 million tied to long bets. BTC later traded back around $75,900 after the pullback.

Bitcoin has seen net BTC deposits into Binance for 10 straight days, a pattern often associated with potential sell-side intent. Over that span, Binance netflow rose from 378 BTC on May 16th to 1,190 BTC today, with a single-day peak above 3,600 BTC on May 18th. Binance's Bitcoin exchange reserve also climbed from 616,000 BTC on April 24th to 632,000 BTC, while BTC traded around $77,400 at the time of writing.

CryptoQuant founder Ki Young Ju said in an X post that indicators tied to a Bitcoin bull run have not fully turned on yet, with the Bull Score Index still sitting in the neutral range. The index aggregates 10 on-chain metrics and turns bullish only when the reading moves above 60. Bitcoin was trading around $77,300 at the time of writing, down more than 4% over the past week.

XRP fell by more than 8% over the past week even as large holders increased their positions. Over the same period, whales added over 71 million XRP—valued at around $97.8 million—while an analyst also pointed to a tight Bollinger Bands squeeze that may precede a sharp volatility expansion.

Bitcoin rebounded toward $78,000 but failed to hold the move as the Coinbase Premium Index stayed in negative territory. The metric, which compares BTC prices on Coinbase versus Binance, suggests comparatively stronger selling from U.S.-leaning Coinbase flows, with the index recently around -0.098. After the pullback, BTC was back near $77,300.