# Latest Crypto News Update - June 10, 2026

**Author:** CoinStats AI
**Published:** June 10, 2026 at 07:03

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## 

> **TLDR**
> Here's the latest on the crypto market selloff on 10 June 2026:
> 
> • Bitcoin fell 2.97% to $61,477 and Ethereum dropped 3.33% to $1,631, dragging down major altcoins
> • US spot Bitcoin ETF assets hit $77.58B – lowest since Trump's 2024 win – with $4.50B in 30-day outflows
> • Bitcoin open interest dropped 24.45% to $45.31B, with 82% of BTC liquidations hitting longs
> • HYPE fell 10.63% after ZachXBT accused Arthur Hayes of using followers as exit liquidity
> • XRP and XLM led large-cap weakness with 5.24% and 8.34% drops on heavy volume

# Crypto Market Update: June 10, 2026

## Top Story

[Bitcoin](https://coinstats.app/coins/bitcoin) and [Ethereum](https://coinstats.app/coins/ethereum) sold off sharply over the last 24 hours, with BTC falling 2.97% to $61,477.52 and ETH dropping 3.33% to $1,631.80. The move hit the entire large-cap complex, dragging down [XRP](https://coinstats.app/coins/ripple), [SOL](https://coinstats.app/coins/solana), [BNB](https://coinstats.app/coins/binance-coin), and [ADA](https://coinstats.app/coins/cardano), while stablecoins held near peg.

The weakness reflects sustained institutional outflows from spot Bitcoin ETFs. U.S. spot Bitcoin ETF assets fell to $77.58 billion, the lowest level since Trump's 2024 election win, with a daily outflow of $77.44M on June 9 and a 30-day cumulative outflow of $4.50B. That represents a real shift in institutional positioning, despite an improving regulatory backdrop that includes SEC enforcement pullbacks and a U.S. strategic Bitcoin reserve.

Bitcoin open interest also contracted sharply, falling to $45.31B from $59.97B a month ago, a 24.45% decline. ETH open interest dropped even harder, down 31.71% to $23.48B. The deleveraging signals that overleveraged long positions are being flushed on downside moves, with 82% of BTC liquidations and 84.9% of ETH liquidations hitting the long side in the last 24 hours.

The immediate question is whether ETF outflows stabilize near current prices or accelerate further. If redemptions persist, Bitcoin's rebound attempts remain fragile, and large-cap weakness will likely continue to pressure altcoin breadth.

## Major Price Moves

### Market Overview

[Bitcoin](https://coinstats.app/coins/bitcoin) held rank 1 at $61,477.52 with a 2.97% daily decline and $36.45B in 24h volume. [Ethereum](https://coinstats.app/coins/ethereum) held rank 2 at $1,631.80 with a 3.33% daily decline and $17.71B in volume. Both majors traded on heavy volume, confirming real institutional and retail selling rather than thin-tape moves.

### Top 10 Gainers

| Coin | Price | 24h % | 24h Volume |
|---|---:|---:|---:|
| [STRAX](https://coinstats.app/coins/stratis) Xertra | $0.012750 | 71.44% | $44.98M |
| [BTW](https://coinstats.app/coins/0x444045b0ee1ee319a660a5e3d604ca0ffa35acaa_binance_smart) Bitway | $0.086952 | 59.85% | $48.23M |
| [STG](https://coinstats.app/coins/stargate-finance) Stargate Finance | $0.391895 | 58.12% | $70.26M |
| [JOTCHUA](https://coinstats.app/coins/BcHEaaTCvycPwwsJ9yQTXdHP9X2gCLkznDbZ8VySpump_solana) Jotchua | $0.005302 | 47.48% | $11.20M |
| [BEAT](https://coinstats.app/coins/audiera) Audiera | $5.237091 | 38.95% | $67.59M |
| [H](https://coinstats.app/coins/0x44f161ae29361e332dea039dfa2f404e0bc5b5cc_binance_smart) Humanity | $0.161457 | 32.06% | $136.60M |
| [QAIT](https://coinstats.app/coins/sealcoin) SEALCOIN | $0.028239 | 29.95% | $17.63M |
| [VELVET](https://coinstats.app/coins/velvet) Velvet | $0.401211 | 29.94% | $56.82M |
| [JCT](https://coinstats.app/coins/janction) Janction | $0.006368 | 19.88% | $18.19M |
| [EPIC](https://coinstats.app/coins/epic-chain) Epic Chain | $0.527843 | 19.62% | $26.95M |

### Top 10 Losers

| Coin | Price | 24h % | 24h Volume |
|---|---:|---:|---:|
| [SIREN](https://coinstats.app/coins/siren-2) Siren | $0.774649 | -38.33% | $44.59M |
| [SKYAI](https://coinstats.app/coins/0x92aa03137385f18539301349dcfc9ebc923ffb10_binance_smart) SkyAI | $0.164021 | -22.51% | $32.33M |
| [B](https://coinstats.app/coins/0x6bdcce4a559076e37755a78ce0c06214e59e4444_binance_smart) BUILDon | $0.219744 | -19.45% | $8.14M |
| [LAB](https://coinstats.app/coins/lab) LAB | $9.273743 | -18.52% | $24.46M |
| [LSETH](https://coinstats.app/coins/liquid-staked-ethereum) Liquid Staked ETH | $1,746.631877 | -14.15% | $39.38K |
| [DEXE](https://coinstats.app/coins/dexe) DeXe | $19.507301 | -12.57% | $20.89M |
| [HYPE](https://coinstats.app/coins/hyperliquid) Hyperliquid | $55.174820 | -10.63% | $1.00B |
| [WHYPE](https://coinstats.app/coins/wrapped-hype) Wrapped HYPE | $55.171870 | -10.56% | $167.73M |
| [STHYPE](https://coinstats.app/coins/0xffaa4a3d97fe9107cef8a3f48c069f577ff76cc1_hyperevm) Staked HYPE | $55.200701 | -10.52% | $22.32K |
| [LIT](https://coinstats.app/coins/lighter) Lighter | $1.486551 | -8.96% | $61.27M |

### Top 20 by Market Cap

| Rank | Coin | Price | 24h % | 24h Volume | Market Cap |
|---:|---|---:|---:|---:|---:|
| 1 | [BTC](https://coinstats.app/coins/bitcoin) Bitcoin | $61,477.52 | -2.97% | $36.45B | $1.23T |
| 2 | [ETH](https://coinstats.app/coins/ethereum) Ethereum | $1,631.80 | -3.33% | $17.71B | $196.93B |
| 3 | [USDT](https://coinstats.app/coins/tether) Tether | $0.999169 | -0.02% | $55.75B | $186.79B |
| 4 | [BNB](https://coinstats.app/coins/binance-coin) BNB | $586.08 | -3.02% | $620.85M | $78.99B |
| 5 | [USDC](https://coinstats.app/coins/usd-coin) USDC | $0.999761 | null | $13.15B | $75.04B |
| 6 | [XRP](https://coinstats.app/coins/ripple) XRP | $1.111893 | -5.24% | $2.65B | $68.90B |
| 7 | [SOL](https://coinstats.app/coins/solana) Solana | $64.178936 | -4.39% | $3.39B | $37.18B |
| 8 | [TRX](https://coinstats.app/coins/tron) TRON | $0.321984 | -0.69% | $380.97M | $30.53B |
| 9 | [STETH](https://coinstats.app/coins/staked-ether) Lido Staked Ether | $1,629.836116 | -3.29% | $20.18M | $14.53B |
| 10 | [DOGE](https://coinstats.app/coins/dogecoin) Dogecoin | $0.083612 | -3.41% | $964.26M | $12.93B |
| 11 | [HYPE](https://coinstats.app/coins/hyperliquid) Hyperliquid | $55.174820 | -10.63% | $1.00B | $12.28B |
| 12 | [ZEC](https://coinstats.app/coins/zcash) Zcash | $428.125902 | -5.09% | $2.45B | $7.17B |
| 13 | [WBTC](https://coinstats.app/coins/wrapped-bitcoin) Wrapped Bitcoin | $61,338.937515 | -2.91% | $104.91M | $7.12B |
| 14 | [AUDM](https://coinstats.app/coins/celo-australian-dollar) Mento Australian Dollar | $0.702221 | -0.41% | $82.29 | $6.82B |
| 15 | [CC](https://coinstats.app/coins/canton-network) Canton | $0.164872 | 2.26% | $13.19M | $6.40B |
| 16 | [XLM](https://coinstats.app/coins/stellar) Stellar | $0.185262 | -8.34% | $393.79M | $6.25B |
| 17 | [WBT](https://coinstats.app/coins/whitebit) WhiteBIT Coin | $50.613829 | 12.14% | $98.79M | $5.99B |
| 18 | [ADA](https://coinstats.app/coins/cardano) Cardano | $0.160500 | -5.66% | $544.70M | $5.97B |
| 19 | [XMR](https://coinstats.app/coins/monero) Monero | $309.432407 | -5.32% | $80.28M | $5.81B |
| 20 | [LINK](https://coinstats.app/coins/chainlink) Chainlink | $7.716261 | -3.78% | $378.42M | $5.61B |

## Other Key Events

### Hyperliquid unwound sharply on high-profile exit

[HYPE](https://coinstats.app/coins/hyperliquid) fell 10.63% to $55.17 on $1.00B volume, with [Wrapped HYPE](https://coinstats.app/coins/wrapped-hype) dropping 10.56% and [Staked HYPE](https://coinstats.app/coins/0xffaa4a3d97fe9107cef8a3f48c069f577ff76cc1_hyperevm) falling 10.52%. The cluster move points to heavy selling across the entire HYPE complex, not an isolated token issue.

The catalyst was a June 6 accusation from on-chain analyst ZachXBT that Arthur Hayes used followers as exit liquidity after publicly promoting HYPE and other tokens. On-chain records showed Hayes closed his HYPE position on June 4, coinciding with a 26% drop. A linked wallet later re-bought approximately 33,978 HYPE after the initial selloff. The move matters because HYPE had been framed as a cash-flowing protocol asset with buyback support and ETF narratives, but the high-profile exit exposed how fast sentiment can flip when a major holder distributes.

### Siren collapsed 38.33% on profit-taking after a fast run

[SIREN](https://coinstats.app/coins/siren-2) fell from $1.22 to $0.7746 on $44.59M volume. The token had surged roughly 113% over the prior week, making it a crowded momentum trade. The sharp reversal fits a speculative unwind rather than a confirmed exploit or delisting event. No external shock was verified in available sources; the move appears driven by overleveraged longs taking profits and sellers regaining control.

### XLM and XRP led large-cap weakness

[Stellar](https://coinstats.app/coins/stellar) fell 8.34% to $0.1853 on $393.79M volume, while [XRP](https://coinstats.app/coins/ripple) dropped 5.24% to $1.1119 on $2.65B volume. Both moves came with heavy volume, confirming real institutional and retail selling. The weakness reflects the broader risk-off tone hitting the entire large-cap complex, with no coin-specific catalysts identified for either move.

### In Brief

- [WBT](https://coinstats.app/coins/whitebit) WhiteBIT Coin rose 12.14% to $50.61 on $98.79M volume, standing out as the strongest large-cap mover in a weak market tape.
- [CC](https://coinstats.app/coins/canton-network) Canton gained 2.26% to $0.1649 on $13.19M volume.
- [MORPHO](https://coinstats.app/coins/morpho) Morpho added 6.46% to $1.90 on $34.86M volume, showing selective DeFi strength.
- [CRV](https://coinstats.app/coins/curve-dao-token) Curve DAO rose 2.34% to $0.2043 on $51.01M volume, while other DeFi majors like Aave and Uniswap finished lower.
- [STRAX](https://coinstats.app/coins/stratis) Xertra jumped 71.44% to $0.01275 on $44.98M volume after Binance announced a trading tournament with up to 200,000 USDC in token vouchers.
- [STG](https://coinstats.app/coins/stargate-finance) Stargate Finance spiked 58.12% to $0.3919 on $70.26M volume following an 8 million STG withdrawal from Gate worth approximately $2.2 million, tied to the token's fixed-rate conversion mechanics after the LayerZero acquisition.

## Liquidations & Derivatives Context

{{chart/EZGPxqN2YAJfYMV}}

The 30-day liquidation chart above shows a sustained bias toward long liquidations, confirming that overleveraged bullish positions have been the primary target of forced selling. [BTC](https://coinstats.app/coins/bitcoin) liquidations totaled $10.14M in the last 24 hours with 82% from longs, while [ETH](https://coinstats.app/coins/ethereum) saw $8.21M liquidated with 84.9% on the long side. [SOL](https://coinstats.app/coins/solana) was the most one-sided, with 93.4% of its $984K in liquidations hitting longs.

Funding rates remained near neutral: BTC at 0.0029% per 8h (3.16% annualized), ETH at -0.0014% per 8h (-1.55% annualized), and SOL at 0.0009% per 8h (1.00% annualized). The lack of extreme funding does not signal crowded positioning, but the sharp deleveraging in open interest suggests the market is actively reducing leverage rather than adding to bets.

## Bitcoin ETF Flows & Institutional Positioning

{{chart/eCYjuhVK8hhXSOZ}}

The Bitcoin ETF flows chart above visualizes the sustained outflow trend over the past 30 days. Daily net flows have been negative for 22 of the last 30 days, with a cumulative 30-day outflow of $4.50B. The June 9 outflow of $77.44M was the latest in a string of redemptions that has erased most of the post-election institutional inflows.

This matters because spot [Bitcoin](https://coinstats.app/coins/bitcoin) ETF flows have been one of the cleanest institutional signals in this cycle. The shift from inflows to sustained outflows suggests traditional finance buyers are taking profits or rotating capital elsewhere, despite an improving regulatory environment. [ETH](https://coinstats.app/coins/ethereum) ETF flows were also negative over 30 days at -$766.6M, indicating weakness across both major spot products.

## What to Watch

- **[Bitcoin](https://coinstats.app/coins/bitcoin) ETF flows on June 10-11.** Assets are at $77.58B. Another outflow day keeps the 30-day redemption trend intact and maintains pressure on spot prices.
- **Bitcoin support at $61,500.** BTC needs to reclaim this level after a 2.97% daily drop. A break below keeps pressure on the entire large-cap complex.
- **[Ethereum](https://coinstats.app/coins/ethereum) at $1,600 support.** ETH sits at $1,631.80 after a 3.33% slide. Watch whether $1,600 holds over the next 24 hours.
- **[HYPE](https://coinstats.app/coins/hyperliquid) stabilization above $55.** The token traded $1.00B in volume while falling 10.63%. Watch for follow-through below $55 or a rebound attempt.
- **[XRP](https://coinstats.app/coins/ripple) at $1.10 support.** XRP closed at $1.1119 after a 5.24% drop. The next 24 hours will show whether this level holds.

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**Sources:**
- [CoinStats Market Data](https://coinstats.app/)
- [Bitcoin ETF assets slide to $77.6 billion, lowest since Trump won the election](https://www.coindesk.com/markets/2026/06/10/bitcoin-etfs-are-no-bigger-today-than-when-trump-won-the-election)
- [Live updates: Bitcoin narrows early losses, returns to $62,000 as Nasdaq bounces to close down 1%](https://www.coindesk.com/tech/2026/06/09/live-updates-bitcoin-drifts-back-to-usd62-500-putting-damper-on-hope-for-two-straight-up-days)
- [ZachXBT Accuses Arthur Hayes of Using Followers as Exit Liquidity on HYPE, ZEC & WLD](https://www.kucoin.com/blog/zachxbt-accuses-arthur-hayes-exit-liquidity)
- [Binance Announcements – Telegram](https://t.me/s/binance_announcements)
- [STG surges over 40%, an address withdraws 8 million STG worth $2.2 million from Gate](https://www.kcex.com/news/12414?from=flash)
- [Bitcoin, Ethereum, XRP and SOL enter CME's new crypto index futures](https://cryptonews.net/news/finance/32990695/)
- [Ethereum Fear Hits 2026 Extreme as History Points to a Rebound](https://beincrypto.com/ethereum-sentiment-2022-bottom-signal/)
- [Ethereum Sits at $1,644 — 10 Months After Its $4,946 All-Time High, What Changed](https://news.bitcoin.com/ethereum-sits-at-1644-10-months-after-its-4946-all-time-high-what-changed/)

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## Related Questions

- What caused the 30-day cumulative Bitcoin ETF outflow to reach $4.50 billion?
- How does the Arthur Hayes HYPE exit liquidity accusation affect market confidence?
- Which altcoins showed the strongest relative strength during this broad market selloff?

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*This article was generated by [CoinStats AI](https://coinstats.app/ai)*