Bitcoin Hits 4-Month Low at $65,707 Amid $1.9 Billion in Market Liquidations

Bitcoin hit a four-month low of $65,707, driven by escalating geopolitical tensions between the United States and Iran. The market witnessed massive liquidations totaling $1.9 billion as investor sentiment soured alongside significant ETF outflows and movements from the defunct Mt. Gox exchange. Additionally, crypto-related equities declined as capital rotated toward the artificial intelligence sector amid broader economic uncertainty.

This downturn occurs as high-risk assets face mixed pressures; per market data, Japan's Consumer Confidence stood at 33.6 (May 29, 2026), while French inflation registered at 2.4%, slightly below the 2.5% forecast. Analysts suggest that the liquidation of digital assets reflects a temporary flight to traditional safe havens, particularly as concerns persist regarding the expansion of Middle Eastern conflicts and their potential impact on global supply chains.

As of the close on June 4, 2026, Bitcoin remains near critical support levels, with traders closely monitoring upcoming speeches from Fed officials, including Kashkari, for monetary policy cues. Technically, the $65,000 level represents a vital psychological floor; a breach below this could trigger further automated liquidations. Markets are also awaiting GDP growth data from Canada and the U.S. to gauge global economic resilience against current geopolitical shocks.