Bitcoin Hits 2026 Intraday Low of $59,100 on June 5 as Liquidations Reach $1.75B

Bitcoin slid to a 2026 intraday low of $59,100 on June 5, extending declines to 19.3% over seven days and 26.8% over 30 days. The drop coincided with $1.75 billion in crypto liquidations in 24 hours, affecting 351,233 traders, while market watchers cited ETF outflows, a small Strategy BTC sale, and weakening sentiment indicators.