Bitcoin Stays Above $62K as 24-Hour Liquidations Hit $1.2B on June 5

On June 5, Bitcoin held above $62,000 after briefly sliding near $61K, while the broader crypto market stayed under pressure following another volatile 24 hours. Total liquidations reached about $1.20 billion, with 252,952 traders wiped out and more than $917 million tied to long positions. Zcash fell over 44% after developers disclosed a critical vulnerability, while several other major altcoins also posted sharp declines.