1321 ET - CoinGlass says $437.7 million in long bitcoin positions were liquidated in the past 24 hours with bitcoin falling 2.3% in the same period. Those moves seem to underpin the idea that investors have a stronger appetite for equities versus cryptocurrency. It's also likely the reason CoinMarketCap's "Crypto Fear and Greed Index" continues to slip, to 24 out of 100--dropping deeper into "fear" and drawing closer to an "extreme fear" rating. "Institutional money is chasing record equity highs instead," says the firm in a note. Bitcoin is now trading at $65,967, while ethereum falls 3.9% to $1,830, XRP is down 0.1% to $1.22, solana is off 3.2% to $72.90, and cardano loses 1.6% to 20.9 cents. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 03, 2026 13:21 ET (17:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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