Bitcoin plunged to $58K after April 2026 PCE inflation hit 3.8% YoY, triggering $600M in crypto liquidations and reinforcing a risk-off market environment.

Bitcoin dropped below $63,000 on June 3, triggering over $150M in long liquidations. ETF outflows hit $4.4B over 13 days as volatility surges.

Bitcoin slipped to $62,000 as a stronger U.S. dollar and broader risk-off sentiment pressured crypto markets ahead of key inflation data.