TechFlow news, June 2 — According to analysis posted by QCP Capital on its Telegram channel, nearly $1 billion worth of leveraged positions in the crypto market have been liquidated since Friday. Even BlackRock's IBIT Bitcoin ETF ended its streak of 34 consecutive days of inflows, seeing outflows of $430 million.
However, the Bitcoin market remains remarkably calm, continuing to hover above $102,000 despite high volatility, demonstrating strong underlying support. Currently, Bitcoin's volatility is steadily compressing, and risk reversals across all tenors are normalizing, suggesting market expectations for a more moderate price movement in the near term. While some investors are exiting, others are doubling down—Strategy and Metaplanet clearly remain undeterred. Notably, Metaplanet purchased an additional $114 million worth of BTC after prices declined, bringing its total holdings to a symbolic 8,888 BTC.
