$2B in Bitcoin long positions liquidated amid geopolitical tensions

## Market Snapshot

Bitcoin Price on May 30 is currently seeing 1.6% YES on the prediction that it will fall below $66,000. Meanwhile, Bitcoin Price Predictions for June 1 are at 1.5% YES for exceeding $78,000. Both markets reflect recent volatility following significant liquidations.

## Key Takeaways

– The liquidation of over $1.5 billion in long positions suggests a forced deleveraging event in the Bitcoin market. – Market activity appears consistent with a broader selloff driven by geopolitical tensions involving Iran. – Current pricing implies a low probability of Bitcoin surpassing $78,000 by June 1, consistent with NO outcome support.

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