On June 5, 2025, the crypto market witnessed a severe crash as Bitcoin plummeted below the $101,000 mark, hitting a daily low around $100,781. This was the most significant drop since April, pulling the entire market into the red. Ethereum fell to around $2,400, while Solana dropped below $145.

The primary cause was massive capital withdrawals from ETF funds, creating widespread panic. Concurrently, the amount of leveraged positions liquidated exceeded $900 million within 24 hours, causing a domino effect. Technical indicators like RSI indicate that the market is entering oversold territory, while MACD crossing below the signal line confirms that the downtrend is prevailing.

In addition to technical factors and capital flows, market sentiment is also affected by macroeconomic uncertainties and concerns about interest rate policies. Overall, this is a strong corrective move that serves as a cleansing process and could open up recovery opportunities in the upcoming sessions if support around $100,000 is maintained.$BNB