The price dipped to an intraday low of $65,710 on June 3, 2026, falling over -6% in 24 hours due to significant spot ETF outflows estimated at $2.8Bn to $3.5Bn and a notable bitcoin sale by Strategy (NASDAQ:), a key corporate buyer since 2020.
This pressure led to $1.8Bn in forced liquidations in one day, the largest since February 2026, with long positions accounting for $1.35Bn of that. The $65,710 level marks a multi-week low, placing Bitcoin close to the $65,000 technical support, which traders view as crucial before a potential test of $60,000.
Unlike previous sharp ETF outflow events, this sustained withdrawal over 10 to 11 days represents a significant institutional exit that has gradually weakened the market.
