It Was All There: High Leverage and a Rare BTC Sale Behind the June Crypto Crash
The crypto market fell almost 7% in 24 hours into June 3, with Bitcoin briefly breaking under $66,000 and round $1.8 billion in positions worn out. The drop appeared sudden, however the on-chain knowledge had been flashing for days. Leverage sat at October-crash ranges, funding ran scorching, and a uncommon Strategy Bitcoin sale was the…
