Lost $63000! The entire network is extremely fearful of 12, this is a "stampede style" massive washing of the market that witnesses history Bitcoin experienced a market wide collapse resonance on the afternoon of June 5, 2026. Around 2pm Beijing time, BTC brazenly fell behind the key support of $63000 and frantically probed towards the lowest level near $61881; ETH fell 5-7% during the day, testing the $1700 mark at one point. Shanzhai coins have encountered a "selective collapse", with privacy coin ZEC experiencing a crazy flash crash of over 40% within 24 hours! The Fear&Greed Index directly breaks through to 12-16 (extreme fear). The news and emotional aspects have already disarmed countless retail investors, but the deep differences between on chain data and KOLs will not lie: ️‍♂️ KOL sentient beings: Is this a destructive zeroing or the ultimate 'planned cleansing'? Historical level surrender (Capitulation) We are witnessing the largest surrender of Short Term Holders in Bitcoin history! This is an indescribable pain and infinite panic. ”After a weak rebound in the morning session, a domino effect selling pressure was triggered in the afternoon due to the resonance between leverage trampling and position flight. The cold defense line of the technical faction Brothers, we have lost the support zone of 63k. The next test level will be below 50k... but don't worry, the best thing is that after this dump, we will usher in a new round of bull market frenzy. ” Conspiracy Theory and Opportunism For the sharp decline of ZEC, "most traders see panic, while experienced traders see... opportunity." It is even bluntly stated that the entire market was already "pre dumping" before the ZEC loophole was exploited, and the comprehensive reversal of funding rates is a hand to hand signal of extreme bearish sentiment. On chain data is not a unilateral retreat: the ultimate game of long and short whales On one hand, there are macroeconomic pressures, continuous outflows of ETFs, and a frenzy of short-term leveraged trading; On the other hand, the truly long-term "smart money" and giant whales on the chain have not completely left. According to AiCoin's on chain and derivative data monitoring, during the most tragic moment of Panic Dump and the market losing 63k across the entire network in the afternoon, the playing cards of long and short games have been opened: Short/Liquidation Faction: Utilizing the liquidity of multiple liquidation positions across the entire network, the fund rates have completely turned negative in this sharp decline, and the funds that were chasing long positions at high levels and carrying long orders have been ruthlessly washed away. Long term compliant funds such as a16z, along with some main players who have increased their positions against the trend in the face of losses, are still silently counting blood stained chips, just as every historical level capitalization is followed by a turnover of chips. So, the most crucial life and death line for the entire network today is definitely not a dream of a $70000 rebound. But rather BTC's $60000-61000 psychological defense line. If 60k cannot hold on, the chain reaction of leverage liquidation may continue to suppress the sentiment of the entire network, forcing the market to slide into the abyss of sub-50k; But if the pressure around 61k can withstand and complete the bottoming out, then this stampede that 'washes short-term holders out' is not the end of the trend, but a painful but necessary high-level turnover. Who do you trust more? Is it a short-term stampede with panic and the belief that it will fall below 50k, or a hardcore whale quietly hanging orders in extreme fear and waiting for a chance at the 200 week moving average? There is no unified answer in the market, and on chain data is the best proof of the direction of funds. Join the AiCoin on chain community to view more signals: https://t.me/AiCoinWhaleData BTC, Bitcoin plummet, extreme fear, AiCoin data