Bleeding Bitcoin Holders Signal Stress — $60K Becomes Critical Battleground

Bitcoin’s futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Bitcoin Liquidations Hit Hardest Since February About $672 million in Bitcoin positions were wiped out in 24 hours ending June 2, the largest single-day wipeout since February 5. That came as Bitcoin slipped below $67,000, dragging short-term holders — those who bought recently — into the red at a pace not seen since early in the year. On Binance alone...