Bitcoin experienced a correction after reaching a record high of $111,800, sparking discussions about the possible start of altseason and high market volatility.
On June 2, 2025, Bitcoin (BTC) experienced a noticeable correction after reaching a new all-time high (ATH) of $111,800 the day before. According to Binance Market Data, the price of BTC fell below $98,000 but stabilized at around $104,854 at the time of writing. This sharp decline sparked lively discussions among traders and analysts, who attribute the correction to profit-taking after rapid growth and general market #volatility typical of periods following the establishment of new price records.
Analysts note that such price movements may be related to massive #liquidations of positions in the futures markets. According to crypto digest Vazima, traders' losses from liquidations over the past 24 hours amounted to about $244 million, indicating high speculative activity.
The correction in Bitcoin also coincided with growing interest in altcoins, leading to speculation about the possible start of “#Altcoin Season” — a period when alternative cryptocurrencies begin to outperform Bitcoin in terms of growth rates. In particular, assets such as Ethereum (#ETH) and Solana (#SOL) are showing sustained interest from investors.
Despite the current correction, many market participants remain optimistic about Bitcoin's long-term prospects. Experts point to the continued inflow of institutional investment and improvements in the crypto market infrastructure as factors supporting further growth.
However, short-term volatility is likely to persist, and traders are advised to exercise caution given the possibility of further price fluctuations. Keeping up with the latest news and data from platforms such as Binance Square, CoinGecko, and, of course, Cryptofingers.com will be helpful in making informed decisions.
