Technical Analysis

Bitcoin fell to $65,707 on June 3, dropping 7% in 24 hours and more than 12% over seven days, alongside $1.85 billion in crypto liquidations. The report argues the move was driven by excessive derivatives leverage rather than Strategy's disclosed sale of 32 BTC to fund preferred dividend payments. It also notes Mt. Gox-related wallet transfers worth about $739 million added to sentiment, while saying a transfer alone is not proof of selling.

Ethereum fell 5% in 24 hours and 10% over the week, revisiting February 2026 capitulation territory near $1,871 with $1,800 flagged as a key daily-close level. On-chain metrics show 32.5% of supply (about 39.5M ETH) locked in staking while Binance stablecoin netflows averaged -$64M per day, alongside a Binance funding rate of 0.01 that points to a leveraged-long bias.

Injective (INJ) slipped about 5% after breaking above $6.29 and briefly reaching $7.14, with some short-term holders taking profits as Bitcoin entered a corrective phase. Momentum indicators stayed constructive at press time, and traders are watching whether $6.29–$6.40 can hold as support or if price revisits the $5.80–$6.20 demand areas.

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Meta Description: Micron Technology (MU) rose 2.84% today to $1,064.10 amid massive analyst upgrades and memory demand. Discover what Micron does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Lumentum Holdings Inc (LITE) surged 13.72% today to $1,029.15 amidst heavy buying volume. Discover what Lumentum does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Bitcoin briefly slipped below $66,000 on June 3, touching around $65,710 as selling pressure intensified across the crypto market. The drop coincided with an extended spot bitcoin ETF outflow streak estimated at $2.8 billion to $3.5 billion and Strategy's first bitcoin sale in nearly four years. Traders are now focusing on whether $65,000 holds, with $60,000 cited as the next major level if support breaks.

Ethereum (ETH) fell 5.5% intraday on Tuesday, breaking below $1,900 for the first time since late February and touching a two‑month low of $1,880. Analysts tracking chart patterns said the pullback could extend, with key levels cited around $1,850, $1,825 and the 2026 lows near $1,750.

Pushed lower by an unprecedented 19-day streak of spot ETF outflows and a hawkish Fed landscape under Kevin Warsh, Bitcoin (BTC) tests its critical ascending support. Read our professional technical and structural market analysis.

Internet Computer (ICP) posted a double-digit gain even as the broader crypto market logged about $53 billion in outflows over the past 24 hours. Derivatives data showed Open Interest topping $15 million with a positive weighted funding rate, while spot flows pointed to five days of accumulation totaling $5.67 million ahead of the move. The Long/Short Ratio reached 1.12 for the first time since April 18, with buying leading on most major exchanges except Binance.