On June 3, DeXe jumped almost 36% to $24.49, only to fall back to $17.19 by June 4.. The spike was fueled by a massive wave of short liquidations and spot accumulation, but thin liquidity on Binance triggered a sharp retracement.

June 3 Surge Driven by Short Liquidations and Spot Accumulation

According to the source, the rally was “accompanied by spot accumulaation” and “driven by a massive surge in short liquidations .” The price moved from $24.49 to $17.19 in 27 hours,a decline that the report attributes to the liquidation of overleveraged derivatives traders on both sides.

October 2025 Crash Still Echoes in Current Volatility

The source notes that the October 2025 crash pushed DeXe to a new swing low of $0.136. That crash set a backdrop for the current volatility storm, and the recent gains “suggested that bulls might still have the upper hand.” The token has since rebounded nearly 15% from Thursday’s low around $17.

Binance Liquidity Issues Amplify Price Swings

The report reveals that thin liquidity on Binance caused “severe , oversized price drops on certain altcoin pairs.” This liquidity crunch is a key factor behind the rapid pullback after the June 3 rally.

Potential Range Formation and Future Resistance Levels

At the time of writing, the mid‑point of the current range sits at $20, now flipped to resistance. Traders may target a retest, but the higher‑timeframe uptrend could still allow a deep pullback. A drop below the range lows could flip the short‑term bias bearishly.

Who Is Still Driving the Upside?

The source does not identify the specific traders or entities behind the spot accumulation that fueled the June 3 surge. it also leaves unanswered whether the recent gains are a sustainable trend or a temporary rebound.