Bitcoin Slides Nearly 20% in June as $715M in Crypto Long Bets Collapse
Key Takeaways Bitcoin erased its plunge to a 2026 low of $58,035 on Thursday morning, staging a rapid relief rally. Forced liquidations across the crypto market topped $1 billion, wiping out $484 million in bitcoin bets. Boris Alergant of Babylon Labs warns that AI competition may pressure bitcoin prices through the summer. Volatility Grips Bitcoin…