Bitcoin Returns to Rebound Rally Starting Point, Funding Rate Reflects Investors' Attempt to Buy the Dip

June 3, Farside Investors data shows the U.S. Spot Bitcoin ETF posted a net outflow of $519.1 million on June 2, up from the prior day’s $483.8 million as ongoing investor flight from cryptocurrency ETFs continued. For Bitcoin ETF-specific flows: BlackRock’s IBIT led the exit with $388.6 million—accounting for roughly 75% of the total outflow. Other outflows included $83.5 million from GBTC, $45.1 million from Fidelity’s FBTC, and $16.7 million from ARKB. Only MSBT registered a net inflow, at $14.8 million. Meanwhile, U.S. Spot Ethereum ETFs saw a combined net outflow of $90.2 million on the same day. Breakdown: BlackRock’s ETHA ($44.3M) and ETHB ($1M), Fidelity’s FETH ($15.6M), ETHE ($3.9M), and ETH ($25.4M) all logged outflows. Overall, total net outflows from U.S. Spot Bitcoin and Ethereum ETFs hit approximately $609 million. Bitcoin ETFs have now notched large outflows for multiple consecutive trading days, while Ethereum ETFs marked their second straight day of net outflo

June 3 — Per HTX market data, Bitcoin touched as low as $66,000 and is currently trading at $66,009, down 6.94% over the past 24 hours.

June 3: Santiment’s social media data shows Bitcoin has fallen 13% over the past week, largely due to sell-off activity from large key stakeholders—known in crypto circles as Bitcoin whales and sharks. Whale and shark addresses (holding 10 to 10,000 BTC total) offloaded 24,602 BTC in the last week, an 18% decline in their holdings. Meanwhile, retail investors, whose addresses hold less than 0.01 BTC, added 61 BTC to their positions, representing a 12% increase in their accumulated holdings.

On June 3rd, according to market data from HTX, Bitcoin dipped below $66,000, currently trading at $65,829, down 7.23% over the past 24 hours.

On June 3rd, data from Coinglass shows total crypto liquidations over the past 24 hours surged to $1.703 billion. Of that figure, long-position liquidations hit $1.533 billion, while short-position liquidations came to $170 million.

Official sources confirmed on June 3 that Binance Futures will soon launch a trading fee discount promotion for USD1 Margin Perpetual Contracts, with the BTCUSD1 contract serving as the first offering. During the event, all regular users up to VIP 9 status will enjoy zero maker fees on these contracts. For taker fees: regular users up to VIP 3 will receive an 80% discount off the standard USDT taker fee rate, while VIP 4 to VIP 9 users qualify for a 55% discount on taker fees (equivalent to paying just 20% and 45% of the standard rate, respectively). The promotion will kick off on June 3, 2026 at 07:00 UTC, and its end time will be announced separately at a later date.