Crypto Closes Q2 Down 11% with $8.35 Billion Long Liquidation, Enters Q3 With Thinner Liquidity: Talos

BTC2.88%
According to a June 30 report from Talos, Bitcoin ended Q2 2026 down approximately 11%, with $8.35 billion in long liquidations clearing leverage from the derivatives market as crypto enters Q3 on thinner footing. Spot Bitcoin ETFs recorded $4.08 billion in net outflows across the quarter, with June accounting for $3.84 billion of the total, while open interest fell 32% for Bitcoin and 40% for Ether from May peaks. The pullback stemmed from a Federal Reserve holding rates steady and a concurrent surge in AI stocks, which diverted capital from crypto and triggered forced selling that has left the market with less ready cash but on steadier ground heading into the third quarter.
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