Bitcoin, Ethereum, Dogecoin End Week With Strong Sell-Off As Traders React To Roaring Kitty Stream

Cryptocurrency markets are trading down with a liquidation cascade following the Roaring Kitty live stream ending the trading week on a negative note.

Notable Statistics:

• Coinglass data noted $337.08 million in crypto liquidations in just four hours, with the majority accounting for long liquidations. In the past 24 hours, 158,083 traders were liquidated.
• IntoTheBlock data noted that Bitcoin holders currently in profit are down from 98% to 87%. On the other hand, exchange netflows increased 209% in single day.
• With Spot Bitcoin ETF inflows of $217.78 million on June 5, total inflows since the ETFs started trading in early January crossed the $15 billion mark.
• Bitcoin Archive noted that Bitcoin is in the second longest period of consolidation (84 days) since it bounced off the bear-market low of $15,500.

Notable Developments:

Franklin Templeton Goes Beyond Bitcoin, Ethereum, Eyes New Crypto-Focused Investment Fund For Institutional Investors

Bitcoin Peak of $120,000 By Late 2024, Major Alt Season To Follow: Bitfinex

Customers Bank Ends Services For Some Crypto Hedge Funds

Top Losers:

Another trader, Willy Woo sees one to three weeks more of bullish impulse.