Bitcoin started June with a bang near $73,500, but it did not last. In just a few days, the world’s largest cryptocurrency lost steam, tumbling under $65,000 by June 4, 2026. Heavy selling crashed through the market, and many investors were left wondering if this was just another dip or the start of something bigger.
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Bitcoin Price Update: 4 June 2026
By June 4, Bitcoin hovered around $64,000, though prices jumped up and down all day. Some exchanges even showed brief dips under $64,000 during the wild trading. Even after the crash, Bitcoin’s market value was still more than $1.2 trillion, keeping it as the top cryptocurrency. The number of coins in circulation sits close to 20 million out of its fixed maximum of 21 million.
If you’re in India, Bitcoin is trading at roughly ₹59 lakh to ₹60 lakh, depending on where you buy and the exchange rate.
Sudden and Fast Drop
The sell-off shocked many investors. Just days earlier on June 1, BTC sat close to $73,500. Then, in a flash, it sank under $65,000 a loss of about 12%. Things got really ugly on June 3, when the price suddenly dropped 4% in a single day to $64,721, its lowest since February. The next day, Bitcoin briefly fell as far as $61,500 before bouncing back to the $64,000 zone. That’s crypto for you things can change fast.
Liquidations Hit Hard
One major trigger for this slide was forced liquidation. About $1.76 billion in crypto trades were wiped out within a single day. Here’s how it happens: as prices drop, leveraged traders those borrowing extra to gamble on Bitcoin rising get their positions shut down automatically. This only brings more selling, which triggers more liquidations, and the downward spiral continues. It was one of the biggest such events this year, catching many traders off guard.
Bitcoin ETF Outflows Add to Pain
In past rallies, Bitcoin exchange-traded funds (ETFs) were a big reason BTC soared. Not now. Over recent weeks, huge amounts of money have flowed out of Bitcoin ETFs rather than in. Since ETFs signal big investor demand, this has made things worse. When institutional money leaves, prices suffer.
What’s Making Investors Nervous?
Several issues are feeding into the current market weakness.
Global Uncertainty
People are worried about wars, political trouble, and shaky economies across the world. Many traders have decided to cut back on risky investments, including crypto.
Profit-Taking
Bitcoin hit a record above $126,000 in October 2025. After such a ride up, it’s natural for long-term holders to cash in some profits, adding to the selling.
Institutional Investors Step Back
Big funds and firms are taking a break from fresh crypto buys, choosing to focus more on stocks in fields like artificial intelligence and tech. That’s pulling some demand away from Bitcoin.
Technical Trouble
Looking at the charts, Bitcoin has lost some key support levels lately. Here are the big ones in play:
Support Levels:
$61,500 – recent low in trading
$60,000 – a key psychological level
$58,000 – strong support from the past
$55,000 – long-term support
If Bitcoin breaks under $60,000, selling could speed up.
Resistance Levels:
$66,000 – first hurdle to move higher
$70,000 – important psychological area
$73,500 – June’s opening price
$80,000 – major zone for recovery
For now, Bitcoin needs to get back above $66,000 to help recover lost ground.
The Bigger Picture for Bitcoin
Even in the midst of this storm, Bitcoin still stands strong as one of the world’s top assets. Its limited supply, global name, growing use, and decentralized nature haven’t changed. Institutions are still involved, though they’re more cautious than before.
Institutions and Bitcoin
Big investment outfits, hedge funds, and even companies still hold Bitcoin in their portfolios. The current ETF outflows hurt, but institutional involvement is way ahead compared to five years ago. That gives Bitcoin some support, even though most of these big investors are playing it safe right now.
Bitcoin and Other Markets
One strange thing this year: Bitcoin hasn’t kept pace with the surge in tech and AI stocks. Some investors have moved money out of crypto and into stock markets chasing new highs. It’s a change from past years, when Bitcoin and tech stocks often moved together.
What’s the Mood?
Right now, fear is in the air. Traders are worried about ETF outflows, sliding prices, big players stepping back, and all the global uncertainty. Still, die-hard Bitcoin believers say these sorts of corrections happen all the time, and the main reasons to own Bitcoin haven’t really changed.
Key Bitcoin Price Levels
Here’s a look at the major milestones:
$50,000 – long-term support
$55,000 – major support
$60,000 – psychological support
$61,500 – recent low
$65,000 – current zone
$70,000 – recovery point
$80,000 – resistance area
$100,000 – big milestone
$126,000 – last year’s all-time high
At the moment, Bitcoin trades about 50% below its peak in October 2025.
What’s Next for Traders?
The next few days matter a lot. Watch if Bitcoin can hang tough above $60,000, pay attention to ETF activity, keep an eye on what big investors are doing, and stay alert for news from the wider economy. If support holds, things could calm down. If we see another slip below key levels, more selling is likely.
Conclusion
Bitcoin’s sharp fall to around $64,000 on June 4, 2026, marks one of the toughest weeks in the market this year. Liquidations, ETF outflows, institutional caution, and global worries have all helped drive the price down. More than $1.76 billion in positions got wiped out in a day a sign of how intense the dive has been.
While fear now leads the way, Bitcoin’s core strengths remain notably its fixed supply, global use, and strong name. The next steps hinge on whether it can protect the $60,000 support and start working its way back toward $70,000. For now, traders remain cautious, expecting more choppy moves as the market tries to find its ground.
