• bitcoinBitcoin (BTC) $ 105,937.00
  • ethereumEthereum (ETH) $ 2,550.28
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.17
  • bnbBNB (BNB) $ 649.08
  • solanaSolana (SOL) $ 147.40
  • usd-coinUSDC (USDC) $ 0.999837
  • tronTRON (TRX) $ 0.273226
  • dogecoinDogecoin (DOGE) $ 0.170290
  • staked-etherLido Staked Ether (STETH) $ 2,549.02
  • cardanoCardano (ADA) $ 0.601819
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,968.00
  • hyperliquidHyperliquid (HYPE) $ 37.37
  • wrapped-stethWrapped stETH (WSTETH) $ 3,080.47
  • bitcoin-cashBitcoin Cash (BCH) $ 492.61
  • suiSui (SUI) $ 2.83
  • chainlinkChainlink (LINK) $ 13.16
  • leo-tokenLEO Token (LEO) $ 9.17
  • stellarStellar (XLM) $ 0.250217
  • avalanche-2Avalanche (AVAX) $ 18.21
  • the-open-networkToncoin (TON) $ 2.97
  • whitebitWhiteBIT Coin (WBT) $ 49.54
  • usdsUSDS (USDS) $ 0.999830
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wethWETH (WETH) $ 2,550.87
  • wrapped-eethWrapped eETH (WEETH) $ 2,730.92
  • litecoinLitecoin (LTC) $ 85.52
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hedera-hashgraphHedera (HBAR) $ 0.148847
  • moneroMonero (XMR) $ 314.87
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polkadotPolkadot (DOT) $ 3.54
  • bitget-tokenBitget Token (BGB) $ 4.31
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,910.00
  • uniswapUniswap (UNI) $ 7.85
  • pepePepe (PEPE) $ 0.000010
  • pi-networkPi Network (PI) $ 0.539917
  • aaveAave (AAVE) $ 260.07
  • daiDai (DAI) $ 0.999546
  • okbOKB (OKB) $ 53.99
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 354.82
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • aptosAptos (APT) $ 4.44
  • crypto-com-chainCronos (CRO) $ 0.090831
  • internet-computerInternet Computer (ICP) $ 5.08
  • nearNEAR Protocol (NEAR) $ 2.18
  • jito-staked-solJito Staked SOL (JITOSOL) $ 178.43
  • susdssUSDS (SUSDS) $ 1.06
  • ethereum-classicEthereum Classic (ETC) $ 16.83
  • ondo-financeOndo (ONDO) $ 0.774150
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.82
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.625808
  • gatechain-tokenGate (GT) $ 16.92
  • fasttokenFasttoken (FTN) $ 4.44
  • vechainVeChain (VET) $ 0.021859
  • official-trumpOfficial Trump (TRUMP) $ 9.34
  • kaspaKaspa (KAS) $ 0.070947
  • cosmosCosmos Hub (ATOM) $ 4.06
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 105,428.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.688945
  • ethenaEthena (ENA) $ 0.288015
  • skySky (SKY) $ 0.080546
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.190718
  • render-tokenRender (RENDER) $ 3.20
  • filecoinFilecoin (FIL) $ 2.37
  • usdt0USDT0 (USDT0) $ 0.999672
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,548.54
  • worldcoin-wldWorldcoin (WLD) $ 0.939055
  • arbitrumArbitrum (ARB) $ 0.307272
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.40
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998640
  • algorandAlgorand (ALGO) $ 0.170262
  • quant-networkQuant (QNT) $ 100.95
  • usdtbUSDtb (USDTB) $ 0.999727
  • kucoin-sharesKuCoin (KCS) $ 11.12
  • binance-staked-solBinance Staked SOL (BNSOL) $ 155.92
  • spx6900SPX6900 (SPX) $ 1.34
  • nexoNEXO (NEXO) $ 1.21
  • jupiter-exchange-solanaJupiter (JUP) $ 0.405460
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,901.49
  • flare-networksFlare (FLR) $ 0.017601
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,668.45
  • kaiaKaia (KAIA) $ 0.198168
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.75
  • celestiaCelestia (TIA) $ 1.66
  • sei-networkSei (SEI) $ 0.203046
  • injective-protocolInjective (INJ) $ 11.50
  • bonkBonk (BONK) $ 0.000014
  • fartcoinFartcoin (FARTCOIN) $ 1.04
  • sonic-3Sonic (S) $ 0.321624
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999974
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999581
  • blockstackStacks (STX) $ 0.647124
  • optimismOptimism (OP) $ 0.572698
  • paypal-usdPayPal USD (PYUSD) $ 0.999554
  • xdce-crowd-saleXDC Network (XDC) $ 0.058338
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,725.47
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,672.13
  • newton-projectAB (AB) $ 0.014669
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 105,808.00
  • wbnbWrapped BNB (WBNB) $ 648.84
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 105,791.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,675.96
  • pax-goldPAX Gold (PAXG) $ 3,372.80
  • the-graphThe Graph (GRT) $ 0.084918
  • tether-goldTether Gold (XAUT) $ 3,360.65
  • story-2Story (IP) $ 2.83
  • clbtcclBTC (CLBTC) $ 105,916.00
  • vaultaVaulta (A) $ 0.514827
  • dogwifcoindogwifhat (WIF) $ 0.803624
  • curve-dao-tokenCurve DAO (CRV) $ 0.588374
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • immutable-xImmutable (IMX) $ 0.411051
  • jito-governance-tokenJito (JTO) $ 2.23
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 164.66
  • aerodrome-financeAerodrome Finance (AERO) $ 0.867971
  • flokiFLOKI (FLOKI) $ 0.000075
  • msolMarinade Staked SOL (MSOL) $ 191.87
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,752.32
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.24
  • ousgOUSG (OUSG) $ 111.48
  • lido-daoLido DAO (LDO) $ 0.779686
  • theta-tokenTheta Network (THETA) $ 0.693241
  • zcashZcash (ZEC) $ 41.94
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998654
  • ethereum-name-serviceEthereum Name Service (ENS) $ 19.93
  • galaGALA (GALA) $ 0.014434
  • bitcoin-svBitcoin SV (BSV) $ 32.07
  • iotaIOTA (IOTA) $ 0.165795
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • pendlePendle (PENDLE) $ 3.88
  • the-sandboxThe Sandbox (SAND) $ 0.257101
  • jasmycoinJasmyCoin (JASMY) $ 0.012608
  • usual-usdUsual USD (USD0) $ 0.997442
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009620
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 105,652.00
  • walrus-2Walrus (WAL) $ 0.435518
  • pyth-networkPyth Network (PYTH) $ 0.099424
  • raydiumRaydium (RAY) $ 2.12
  • falcon-financeFalcon USD (USDF) $ 0.999783
  • super-oethSuper OETH (SUPEROETH) $ 2,549.87
  • tezosTezos (XTZ) $ 0.535567
  • tbtctBTC (TBTC) $ 105,861.00
  • coredaoorgCore (CORE) $ 0.553104
  • flowFlow (FLOW) $ 0.347005
  • wrapped-hypeWrapped HYPE (WHYPE) $ 37.29
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,549.16
  • saros-financeSaros (SAROS) $ 0.206384
  • syrupMaple Finance (SYRUP) $ 0.499485
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,679.07
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,725.06
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 106,022.00
  • apecoinApeCoin (APE) $ 0.634449
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,548.11
  • thorchainTHORChain (RUNE) $ 1.42
  • true-usdTrueUSD (TUSD) $ 0.998127
  • decentralandDecentraland (MANA) $ 0.257157
  • dexeDeXe (DEXE) $ 8.51
  • chain-2Onyxcoin (XCN) $ 0.013755
  • heliumHelium (HNT) $ 2.54
  • compound-governance-tokenCompound (COMP) $ 50.83
  • staked-hypeStaked HYPE (STHYPE) $ 37.24
  • kavaKava (KAVA) $ 0.408753
  • beldexBeldex (BDX) $ 0.061459
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.170013
  • based-brettBrett (BRETT) $ 0.043620
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999799
  • usddUSDD (USDD) $ 1.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,550.93
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.93
  • ripple-usdRipple USD (RLUSD) $ 0.999976
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • apenftAPENFT (NFT) $ 0.00000041
  • usdbUSDB (USDB) $ 0.995501
  • dydx-chaindYdX (DYDX) $ 0.511624
  • neoNEO (NEO) $ 5.67
  • elrond-erd-2MultiversX (EGLD) $ 13.87
  • morphoMorpho (MORPHO) $ 1.27
  • stader-ethxStader ETHx (ETHX) $ 2,712.75
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999329
  • aioz-networkAIOZ Network (AIOZ) $ 0.327885
  • ecasheCash (XEC) $ 0.000020
  • grassGrass (GRASS) $ 1.34
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006626
  • ether-fiEther.fi (ETHFI) $ 1.02
  • telcoinTelcoin (TEL) $ 0.004149
  • starknetStarknet (STRK) $ 0.113319
  • ketKet (KET) $ 0.375337
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  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,811.21
  • zebec-networkZebec Network (ZBCN) $ 0.004091
  • mog-coinMog Coin (MOG) $ 0.00000089

Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence

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Bitcoin's 8% correction flushed leverage but set stage for short term turbulence

Bitcoin (BTC) dropped nearly 8% from its May 22 all-time high, near $112,000, ending a 50% climb over 45 days that began on April 7, when BTC reached its yearly low at $74,441.20.

According to the June 2 “Bitfinex Alpha” report, a Court of Appeal decision reinstating disputed US import tariffs pushed 30-year Treasury yields above 5% for the first time since 2009 and triggered broad risk-off moves.

Foreshadowing turbulence

Spot Bitcoin exchange-traded funds (ETFs) highlighted this movement. Investors added $6.2 billion in Bitcoin exposure through these investment vehicles in the first four weeks of May while withdrawing $2.7 billion from gold ETFs, according to Bloomberg Intelligence.

However, BlackRock’s IBIT registered its highest daily outflow in history, shedding nearly $431 million on May 30, according to Farside Investors’ data. The total outflows on the same day surpassed $616 million, the highest level since Feb. 26.

The report noted that realized gains accelerated last week, and the Relative Unrealised Profit indicator moved beyond its plus-two-standard-deviation band.

Only 16% of Bitcoin’s trading history shows the gauge at such heights. Past occurrences coincided with brief spikes in volatility as holders crystallized gains.

Elevated profitability increases sell pressure, forcing spot demand to absorb redistributed coins and maintain the uptrend.

Correction cooled overheating derivatives

At the same time, perpetual futures open interest swelled into Bitcoin’s all-time-high breakout, and now contracts as leveraged longs unwind.

Options open interest peaked at $49.4 billion, about $6 billion above January’s high, before the May 29 expiry trimmed the figure to roughly $39 billion.

The report linked the surge to expanding institutional activity, noting that large derivatives books can amplify price swings when macro liquidity tightens.

The report concluded that the pullback removed excess leverage, aligned supply with organic bids, and reset funding conditions across futures and options. This creates a healthier scenario for an upward movement.

However, on-chain metrics suggest turbulence in the short term, while Bitcoin trades just 6.5% below its all-time high.

At the time of press 11:03 pm UTC on Jun. 2, 2025, Bitcoin is ranked #1 by market cap and the price is down 0.52% over the past 24 hours. Bitcoin has a market capitalization of $2.09 trillion with a 24-hour trading volume of $44.53 billion.

Bitcoin

11:03 pm UTC on Jun. 2, 2025

$104,963.48

-0.52%

At the time of press 11:03 pm UTC on Jun. 2, 2025, the total crypto market is valued at at $3.29 trillion with a 24-hour volume of $102.01 billion. Bitcoin dominance is currently at 63.34%. Learn more about the crypto market ›

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