Over the past 24 hours, Bitcoin (BTC) traded at US$63,150 (approximately IDR 1,135,626,450), declining by around 0.25%. Bitcoin’s market dominance (BTC.D) stood at 58.45%, while the total cryptocurrency market capitalization fell by 1.65% to US$2.17 trillion.

Top Gainers and Top Losers over the last 24 hours were as follows:

Top Gainers:

• Defi App (HOME): +48.55%

• Degen (DEGEN): +36.40%

• Siren (SIREN): +26.75%

Top Losers:

• Dego Finance (DEGO): -44.35%

• Staika (STIK): -43.35%

• LAB (LAB): -35.70%

The cryptocurrency market remains under significant correction pressure, causing Bitcoin to record its longest daily losing streak since August of last year. BTC briefly dropped to US$61,385, marking its lowest level in four months, before attempting a gradual recovery. The sharp decline throughout the week triggered widespread market panic and wiped out nearly US$4 billion in bullish derivative positions since the beginning of the week, according to the latest CoinGlass data.

The dramatic fall in Bitcoin’s price has been primarily driven by record capital outflows from U.S. Spot Bitcoin ETFs. Recent data from SoSoValue showed that Spot Bitcoin ETFs in the United States have experienced net outflows for 13 consecutive trading sessions. On June 3 alone, net outflows reached US$396.60 million, bringing total ETF withdrawals to more than US$1.4 billion within the first three days of June.

This massive capital exodus has also been fueled by retail investors rotating funds away from Bitcoin and into other assets perceived to offer stronger growth potential. The ongoing enthusiasm surrounding artificial intelligence (AI) stocks in global markets has attracted traders seeking higher volatility, encouraging participation in short-term options and prediction markets. Liquidity that was previously concentrated in Bitcoin is now being redirected toward speculative pre-IPO futures contracts on decentralized platforms such as Hyperliquid and Lighter, where investors are positioning themselves ahead of major catalysts such as a potential SpaceX IPO or the next funding round of leading AI companies.

Despite the broader market correction, several altcoins have attracted attention due to positive fundamental developments. According to Messari’s Q1 2026 report, Canton Network (CC) led the industry by generating approximately 42% or US$193 million of total global blockchain transaction fees, supported by substantial institutional activity. Meanwhile, Solana aggregator Jupiter (JUP) officially launched its prediction market platform, “Jupiter Forecast,” designed to track short-term cryptocurrency price movements. The new platform will operate alongside, rather than replace, Jupiter’s existing collaboration with Polymarket.

For today, Bitcoin is expected to trade within a range of US$62,000 to US$65,000, while Ethereum is projected to move between US$1,700 and US$1,950. *(Disclaimer On)

Altcoin Recommendations:

1. JUP (DEX)

• Entry: IDR 3,150

• Take Profit: IDR 3,900

• Stop Loss: IDR 2,890

2. CC (Privacy Chain)

• Entry: IDR 2,625

• Take Profit: IDR 3,000

• Stop Loss: IDR 2,480

3. PLUME (RWA)

• Entry: IDR 210

• Take Profit: IDR 275

• Stop Loss: IDR 190

Disclaimer: Cryptocurrency trading involves substantial risk and may result in financial losses. The information presented in this article reflects opinions developed through the company’s internal research and analysis process using reliable sources and is not influenced by any external party. This content should not be interpreted as a recommendation, solicitation, proposal, or encouragement to conduct any transaction. All investment and trading decisions remain the sole responsibility of each user. We accept no responsibility for any profit or loss resulting from individual trading decisions.