10.06.2026 15:02
According to Bitget Research report, the market value of tokenized stocks has reached $1.6 billion, growing by 240%. While the US SEC is reportedly preparing a framework for tokenized stocks, $1.8 billion in leveraged positions were liquidated in global markets over the last 24 hours. Bitcoin fell below $60,000, while Ethereum dropped to the $1,500 level. Analyst Ryan Lee stated that speculative positions have decreased and that markets will now be driven by spot demand and macroeconomic developments.
Bitget Research's Lead Analyst Ryan Lee stated in his June 3 report that the total market value of tokenized stocks has reached $1.6 billion, growing by 240%. Lee noted that monthly on-chain transfers have exceeded $3.8 billion, with transaction volumes and wallet participation continuing to rise.
The report includes news that the U.S. Securities and Exchange Commission (SEC) has prepared a framework for tokenized stocks. It is expressed that if legal clarity is achieved, investor confidence is expected to increase, liquidity conditions are expected to improve, and institutional participation is expected to deepen. Bitget Research's Lead Analyst Ryan Lee also said that regulatory uncertainty, fragmented liquidity, licensing barriers, and geographical restrictions remain the biggest structural obstacles to growth.
According to Bitget Research's June 4 report, with the tightening of risk appetite in global markets, approximately $1.8 billion in leveraged positions were liquidated in the last 24 hours. This figure is recorded as the largest liquidation since the beginning of 2026. The decline in U.S. stocks, high oil prices ranging between $95-97 per barrel due to geopolitical tensions, and weakening expectations that the Federal Reserve will cut interest rates in the near term increased selling pressure in the markets. In this environment, Bitcoin fell below $60,000, while Ethereum dropped to around $1,500.
It is noteworthy that more than $1.5 billion of the $1.8 billion liquidation consisted of long positions. This ratio reveals how much of a strong bullish expectation had accumulated in the market. The speed of the liquidation indicates that market structure and the amount of accumulated leverage, rather than price movement, were the decisive factors. Open positions dropped sharply, and funding rates turned negative. Lee highlighted the following in his report:
"The real signal is not the decline in asset prices, but the amount of leverage cleared from the system. Speculative positions have decreased, and open positions have been wiped out. Going forward, markets will be driven not by derivatives market momentum, but by spot demand, ETF flows, and macroeconomic developments."
Lee said, "The structural growth in tokenized stocks and the sharp liquidation in leveraged markets show that the crypto ecosystem is experiencing two different processes simultaneously. While long-term institutional infrastructure matures, short-term speculative positioning still creates systemic fragility. If macroeconomic uncertainty and the high-interest-rate environment persist, these two dynamics will continue to shape market agendas."