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.