After a chaotic drop to $58,035, BTC enters a 50% haircut from its all-time high. Is investor panic justified, or is this just a macro reset?

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.

Crypto market liquidations top $700M as bitcoin plunges below $62K. Analysts warn the rejection at $65,500 signals a further drop to $50K.