• bitcoinBitcoin (BTC) $ 107,753.00
  • ethereumEthereum (ETH) $ 3,872.56
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 1,068.95
  • xrpXRP (XRP) $ 2.41
  • solanaSolana (SOL) $ 184.97
  • usd-coinUSDC (USDC) $ 0.999892
  • staked-etherLido Staked Ether (STETH) $ 3,869.11
  • tronTRON (TRX) $ 0.320810
  • dogecoinDogecoin (DOGE) $ 0.193832
  • cardanoCardano (ADA) $ 0.642722
  • wrapped-stethWrapped stETH (WSTETH) $ 4,705.47
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,834.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,179.99
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.996990
  • chainlinkChainlink (LINK) $ 17.90
  • ethena-usdeEthena USDe (USDE) $ 0.999467
  • wrapped-eethWrapped eETH (WEETH) $ 4,176.45
  • stellarStellar (XLM) $ 0.314651
  • hyperliquidHyperliquid (HYPE) $ 35.78
  • bitcoin-cashBitcoin Cash (BCH) $ 467.20
  • suiSui (SUI) $ 2.49
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • avalanche-2Avalanche (AVAX) $ 19.82
  • usdsUSDS (USDS) $ 1.00
  • wethWETH (WETH) $ 3,872.93
  • leo-tokenLEO Token (LEO) $ 8.96
  • usdt0USDT0 (USDT0) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,780.00
  • hedera-hashgraphHedera (HBAR) $ 0.170542
  • litecoinLitecoin (LTC) $ 92.09
  • whitebitWhiteBIT Coin (WBT) $ 40.97
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • moneroMonero (XMR) $ 312.53
  • mantleMantle (MNT) $ 1.72
  • the-open-networkToncoin (TON) $ 2.19
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • crypto-com-chainCronos (CRO) $ 0.144727
  • daiDai (DAI) $ 1.00
  • polkadotPolkadot (DOT) $ 2.98
  • zcashZcash (ZEC) $ 248.48
  • bittensorBittensor (TAO) $ 401.76
  • uniswapUniswap (UNI) $ 6.15
  • memecoreMemeCore (M) $ 2.09
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.127196
  • okbOKB (OKB) $ 164.29
  • aaveAave (AAVE) $ 220.99
  • ethenaEthena (ENA) $ 0.446726
  • bitget-tokenBitget Token (BGB) $ 4.56
  • pepePepe (PEPE) $ 0.000007
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.18
  • usd1-wlfiUSD1 (USD1) $ 0.999945
  • jito-staked-solJito Staked SOL (JITOSOL) $ 228.69
  • susdssUSDS (SUSDS) $ 1.07
  • c1usdCurrency One USD (C1USD) $ 0.997271
  • ethereum-classicEthereum Classic (ETC) $ 15.65
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,870.10
  • ondo-financeOndo (ONDO) $ 0.725118
  • aptosAptos (APT) $ 3.14
  • tether-goldTether Gold (XAUT) $ 4,249.25
  • falcon-financeFalcon USD (USDF) $ 0.993983
  • aster-2Aster (ASTER) $ 1.10
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.36
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.194366
  • worldcoin-wldWorldcoin (WLD) $ 0.886974
  • hash-2Provenance Blockchain (HASH) $ 0.038985
  • htx-daoHTX DAO (HTX) $ 0.000002
  • gatechain-tokenGate (GT) $ 15.71
  • usdtbUSDtb (USDTB) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,430.86
  • story-2Story (IP) $ 5.38
  • kucoin-sharesKuCoin (KCS) $ 13.31
  • arbitrumArbitrum (ARB) $ 0.310518
  • pi-networkPi Network (PI) $ 0.201444
  • internet-computerInternet Computer (ICP) $ 3.06
  • binance-staked-solBinance Staked SOL (BNSOL) $ 199.37
  • algorandAlgorand (ALGO) $ 0.178969
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,088.74
  • cosmosCosmos Hub (ATOM) $ 3.20
  • vechainVeChain (VET) $ 0.017287
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,087.42
  • skySky (SKY) $ 0.060877
  • pax-goldPAX Gold (PAXG) $ 4,256.26
  • kaspaKaspa (KAS) $ 0.051624
  • pump-funPump.fun (PUMP) $ 0.003900
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,137.67
  • wbnbWrapped BNB (WBNB) $ 1,068.99
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 35.85
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.021485
  • chainopera-aiChainOpera AI (COAI) $ 6.98
  • bfusdBFUSD (BFUSD) $ 0.999938
  • flare-networksFlare (FLR) $ 0.017274
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,743.00
  • render-tokenRender (RENDER) $ 2.47
  • syrupusdcSyrup USDC (SYRUPUSDC) $ 1.13
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,108.57
  • sei-networkSei (SEI) $ 0.191943
  • official-trumpOfficial Trump (TRUMP) $ 5.85
  • nexoNEXO (NEXO) $ 1.15
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999831
  • xdce-crowd-saleXDC Network (XDC) $ 0.063120
  • bonkBonk (BONK) $ 0.000014
  • jupiter-exchange-solanaJupiter (JUP) $ 0.351334
  • filecoinFilecoin (FIL) $ 1.57
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,736.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997427
  • morphoMorpho (MORPHO) $ 1.87
  • immutable-xImmutable (IMX) $ 0.503866
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,172.52
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.69
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 211.80
  • spx6900SPX6900 (SPX) $ 0.976241
  • global-dollarGlobal Dollar (USDG) $ 0.999883
  • fasttokenFasttoken (FTN) $ 2.02
  • ripple-usdRipple USD (RLUSD) $ 0.999753
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,861.00
  • clbtcclBTC (CLBTC) $ 108,123.00
  • celestiaCelestia (TIA) $ 0.998369
  • injective-protocolInjective (INJ) $ 8.36
  • lido-daoLido DAO (LDO) $ 0.882748
  • doublezeroDoubleZero (2Z) $ 0.227635
  • ousgOUSG (OUSG) $ 113.00
  • msolMarinade Staked SOL (MSOL) $ 246.46
  • optimismOptimism (OP) $ 0.432860
  • blockstackStacks (STX) $ 0.426341
  • curve-dao-tokenCurve DAO (CRV) $ 0.529999
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,708.03
  • aerodrome-financeAerodrome Finance (AERO) $ 0.807579
  • flokiFLOKI (FLOKI) $ 0.000074
  • plasmaPlasma (XPL) $ 0.393895
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.86
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,872.30
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997914
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.260129
  • the-graphThe Graph (GRT) $ 0.063709
  • pyth-networkPyth Network (PYTH) $ 0.112913
  • sonic-3Sonic (S) $ 0.167157
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,873.48
  • tbtctBTC (TBTC) $ 107,632.00
  • tezosTezos (XTZ) $ 0.581820
  • kaiaKaia (KAIA) $ 0.104960
  • saros-financeSaros (SAROS) $ 0.235612
  • gtethGTETH (GTETH) $ 3,871.67
  • stader-ethxStader ETHx (ETHX) $ 4,147.15
  • beldexBeldex (BDX) $ 0.079179
  • usdaiUSDai (USDAI) $ 1.02
  • iotaIOTA (IOTA) $ 0.142646
  • newton-projectAB (AB) $ 0.006992
  • ether-fiEther.fi (ETHFI) $ 1.00
  • conflux-tokenConflux (CFX) $ 0.109171
  • dashDash (DASH) $ 44.63
  • myx-financeMYX Finance (MYX) $ 2.91
  • usual-usdUsual USD (USD0) $ 0.998946
  • theta-tokenTheta Network (THETA) $ 0.545262
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,256.17
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.27
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999804
  • starknetStarknet (STRK) $ 0.121242
  • pendlePendle (PENDLE) $ 3.09
  • dogwifcoindogwifhat (WIF) $ 0.519731
  • swethSwell Ethereum (SWETH) $ 4,263.27
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999898
  • havvenSynthetix (SNX) $ 1.50
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.781822
  • the-sandboxThe Sandbox (SAND) $ 0.207058
  • galaGALA (GALA) $ 0.010930
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 107,834.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 15.14
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.193738
  • bittorrentBitTorrent (BTT) $ 0.00000050
  • true-usdTrueUSD (TUSD) $ 0.998596
  • raydiumRaydium (RAY) $ 1.84
  • jasmycoinJasmyCoin (JASMY) $ 0.010046
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10
  • zoraZora (ZORA) $ 0.107204
  • swissborgSwissBorg (BORG) $ 0.484917
  • usddUSDD (USDD) $ 1.00
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 24.34
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,175.55
  • vaultaVaulta (A) $ 0.284130
  • arbitrum-bridged-wrapped-eethArbitrum Bridged Wrapped eETH (Arbitrum) (WEETH) $ 4,174.59
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,862.79
  • sun-tokenSun Token (SUN) $ 0.023225
  • decentralandDecentraland (MANA) $ 0.230368
  • flowFlow (FLOW) $ 0.269521
  • astherus-staked-bnbAster Staked BNB (ASBNB) $ 1,132.69
  • zero-gravity0G (0G) $ 2.01
  • bitcoin-svBitcoin SV (BSV) $ 21.23
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,866.31
  • jito-governance-tokenJito (JTO) $ 1.07
  • frax-etherFrax Ether (FRXETH) $ 3,840.30
  • hashnote-usycCircle USYC (USYC) $ 1.10
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.05
  • apenftAPENFT (NFT) $ 0.00000041
  • ghoGHO (GHO) $ 0.999702
  • usdbUSDB (USDB) $ 0.995383

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

0 36

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 ›

Source

Leave A Reply

Your email address will not be published.