Bitcoin Hits $71,479 2-Month Low as $3 Billion ETF Outflows Deepen and Strategy Sells $2.5 Million
Updated
Updated · Decrypt · Jun 1
Bitcoin Hits $71,479 2-Month Low as $3 Billion ETF Outflows Deepen and Strategy Sells $2.5 Million
12 articles · Updated · Decrypt · Jun 1
Bitcoin slid to $71,479 on Monday, down 2.8% in 24 hours and more than 7% over the past week, its lowest level since early April.
Nearly $3 billion has left Bitcoin ETFs during a 10-day outflow streak, pushing year-to-date flows negative as investors pull cash from the products.
Strategy added to the pressure by selling 32 BTC for about $2.5 million at an average $77,135, a rare disposal it said would help fund preferred-stock dividends.
About $155 million in Bitcoin positions were liquidated over 24 hours, with roughly 94% hitting longs, while Strategy shares fell more than 6%.
Bitcoin is now down about 8% over the past month and remains 43% below its $126,080 all-time high, underscoring how institutional selling is weighing on sentiment.
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