Bitcoin Price Drops Amid Record ETF Outflows and Corporate Selling Pressure
Bitcoin Falls as Record ETF Outflows and Strategy Sale Hit Sentiment

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Bitcoin's price fell to $65,710, a decline of over 6%, driven by significant ETF outflows estimated at $2.8Bn to $3.5Bn and a sale of 32 BTC by Strategy (NASDAQ:MSTR). This prolonged outflow represents a major institutional exit, impacting market sentiment and leading to forced liquidations totaling $1.8Bn.
- 01Bitcoin experienced a decline to $65,710, marking a multi-week low and approaching critical support levels.
- 02Cumulative net outflows from US spot bitcoin ETFs reached approximately $2.8Bn to $3.5Bn over 10 to 11 days, the longest redemption streak since their launch in January 2024.
- 03Strategy sold 32 BTC at an average price of approximately $77,135, raising concerns about its commitment to holding Bitcoin long-term.
- 04The macroeconomic environment has worsened due to rising inflation and geopolitical tensions, prompting institutions to shift investments away from crypto.
- 05The immediate support for Bitcoin is at $65,000, with a potential drop to $60,000 if this level fails.
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On June 3, 2026, Bitcoin's price fell to an intraday low of $65,710, reflecting a decline of over 6% in just 24 hours. This drop was primarily driven by significant outflows from US spot Bitcoin exchange-traded funds (ETFs), totaling between $2.8Bn and $3.5Bn over a sustained period of 10 to 11 days. The outflows, the longest since the ETFs' inception in January 2024, indicate a major institutional exit from the market. Additionally, Strategy (NASDAQ:MSTR), a key corporate buyer since 2020, sold 32 BTC, raising concerns about its future buying strategy and contributing to market uncertainty. The broader macroeconomic backdrop, characterized by rising inflation and geopolitical tensions, has led institutions to adopt a defensive stance, diverting funds away from cryptocurrencies. As Bitcoin approaches critical support levels, with $65,000 as the immediate target, the market remains cautious, awaiting further clarity on ETF flows and macroeconomic indicators. The potential for a recovery hinges on positive inflation data or dovish signals from the Federal Reserve, while continued ETF redemptions could push Bitcoin toward the $60,000 mark.
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The decline in Bitcoin's price and the record ETF outflows could affect local investors and traders heavily invested in cryptocurrencies.
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