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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid intensifying selling pressure, the cryptocurrency market has witnessed a massive liquidation wave totaling $1.5 billion since Monday, driving Bitcoin below the $67,000 mark for the first time since April. According to Binance Research, this decline marks an acceleration of liquidity exiting digital assets in favor of U.S. equities, which continue to capture institutional interest. These moves confirm a breach of key technical support levels as investors aggressively reallocate portfolios away from high-risk crypto assets.
This sharp downturn coincides with the sustained outperformance of the Nasdaq 100, which recently hit record highs per market data, widening the performance gap between stocks and crypto. Historical data suggests this divergence strengthens when investors prioritize tangible cash flows in the tech and AI sectors, explaining the cooling momentum in Bitcoin ETFs compared to the robust inflows seen in traditional index funds.
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Sign InIn current trading, BTC stood at $66,850 (at close June 2, 2026) after breaking the critical $67,000 support level. Traders are now pivoting their focus to the upcoming U.S. Initial Jobless Claims data on June 4, 2026, which will be a pivotal catalyst in shaping Fed policy expectations and subsequent risk appetite across global asset classes.