Bitcoin Plunges Below $64K, Triggering $1.8B in Crypto Liquidations
In early June 2026, Bitcoin’s price crashed over 13% in a week, falling below $64,000—its lowest since February—and triggering over $1.8 billion in forced liquidations. The selloff was driven by record 11-day outflows of nearly $3.5 billion from US Bitcoin ETFs, Strategy Inc.’s first Bitcoin sale since 2022, and lingering geopolitical concerns over Iran. Bitcoin is now down nearly 50% from its October 2025 all-time high of $126,000, with analysts warning of further downside toward $60,000.
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Bitcoin Falls to Lowest Level in Two Years Below $60,000
Bitcoin's price dropped below $60,000 on June 5, 2026, reaching its lowest level in two years at $59,550, down 6% in afternoon trading. The cryptocurrency has declined 17% over the past week amid a broader downturn in digital assets and related stocks. Major crypto-linked companies including Coinbase, Circle Internet Group, and Strategy each fell about 8%. Strategy disclosed selling some Bitcoin holdings for the first time in four years, contributing to its 25% weekly decline. Bitcoin is now less than half its all-time high of $126,000 from October 2025. Crypto ETFs have recorded a 13-day streak of outflows totaling over $25 billion, the longest losing streak ever. The selloff coincides with a broader market rotation out of richly valued technology and AI stocks, with the Nasdaq Composite falling nearly 4% (over 1,000 points) on the same day.
Yahoo FinanceBitcoin Breaks Below $60K as Strategy Sale Hits Market Confidence
Bitcoin fell below $60,000 on June 5, 2026, for the first time since October 2024, dropping about 6% to roughly $59,771 before recovering slightly to near $60,147. The decline extends a selloff driven by weaker momentum, ETF outflows, and a sharp reset in bitcoin-treasury stocks. Strategy, the public company most associated with corporate Bitcoin accumulation, disclosed it sold 32 BTC between May 26 and May 31 for about $2.5 million at an average price of $77,135 per coin. Although the sale is minimal against its remaining 843,706 BTC position, it carries symbolic weight as Strategy has long been viewed as a one-way accumulator. Consultant Emma Bernuau noted the symbolic significance is considerable, though long-term holders may see the drawdown as a buying opportunity. The market is not treating the break as a collapse in Bitcoin's long-term thesis, but the immediate test is whether Bitcoin can reclaim $60,000 quickly to prevent a wider confidence problem.
Yahoo FinanceWhy Bitcoin Just Crashed Below $64K and Why It's Not Over Yet
Bitcoin fell below $64,000 on June 4, 2026, extending a 13% weekly decline to its lowest since April. The selloff is driven by sustained institutional exits: US spot Bitcoin ETFs recorded a record 10-day outflow streak, shedding over 40,000 BTC (~$3 billion) since May 20. Strategy (formerly MicroStrategy) sold Bitcoin for the first time in nearly four years, signaling a potential shift in corporate treasury strategy. Additionally, $1.8 billion in long liquidations on June 3 accelerated the drop through forced selling. Analysts identify $65,000 as critical support; a break below could open the path to $60,000, with some forecasting a deeper low later in 2026. The article concludes that the forces behind the crash have not yet run their course.
Yahoo FinanceWhy Bitcoin Just Crashed Below $64K and Why It's Not Over Yet
Bitcoin fell below $64,000 on June 4, 2026, extending a 13% weekly decline to its lowest since April. The selloff is driven by a record 10-day outflow streak from US spot Bitcoin ETFs, which have shed over 40,000 BTC (~$3 billion) since May 20. Corporate selling pressure intensified when Strategy (formerly MicroStrategy) sold Bitcoin for the first time in nearly four years, signaling a potential shift in treasury strategy. Leverage amplified the drop, with $1.8 billion in long liquidations on June 3 triggering forced selling. Analysts identify $65,000 as critical support; a break below could open the path to $60,000, with some forecasting a deeper low later in 2026. The article concludes that the institutional exit and mechanical selling pressures have not yet run their course.
Yahoo FinanceBitcoin's Break With Tech Widens After Strategy's Sale Feeds Rout
Bitcoin's selloff deepened on June 3, 2026, falling as much as 4% to $64,692, its lowest since February, after Strategy Inc. sold a tiny portion of its massive Bitcoin holdings—32 tokens worth $2.5 million from a $56 billion hoard. The sale, though financially trivial, punctured market belief in chairman Michael Saylor's 'never sell' stance, signaling a shift in sentiment. The decline widened Bitcoin's divergence from record-setting tech stocks, with the Nasdaq 100 hitting a fresh high. Analysts note a rotation of capital from digital assets into AI equities, which offer a more compelling risk-reward profile. Glassnode data shows that large institutional buyers (1,000-10,000 BTC holders) have become less active in June, while smaller wallets and the largest whales are accumulating into the weakness. Bitcoin is now down 38% over the past 12 months and 48% below its 2025 peak.
Yahoo FinanceCrypto Liquidations Top $1 Billion as Bitcoin’s Slide Deepens
A sharp downturn in the cryptocurrency market triggered over $1.5 billion in forced liquidations over 24 hours, the largest such event since February 2025. Bitcoin fell as much as 7% to below $67,000, its lowest in two months, and is now down nearly 50% from its October all-time high of $126,000. The selloff was exacerbated by Strategy Inc. (formerly MicroStrategy) selling 32 BTC for the first time since 2022, a symbolic break from its maximalist accumulation strategy. US Bitcoin ETFs suffered a record 11th consecutive day of net outflows, totaling nearly $3.5 billion. Analysts cited lingering geopolitical concerns over Iran, fading institutional momentum, and a revival of the AI trade on Wall Street as additional headwinds. Strategy's stock fell as much as 10%, and is down over 60% in the past year.
Yahoo FinanceCrypto Liquidations Top $1 Billion as Bitcoin’s Slide Deepens
Bitcoin's price fell as much as 6% to below $67,000 on June 2, 2026, its lowest since April 5, triggering over $1 billion in forced crypto liquidations—the largest since February. The decline is driven by lingering geopolitical concerns over Iran, selling by major holder Strategy Inc. (which disposed of 32 BTC, its first sale since 2022), and a record 11-day outflow of nearly $3.5 billion from US Bitcoin ETFs. Bitcoin is now down almost 50% from its all-time high of ~$126,000 in October 2025. Analysts warn that a close below $70,000 could signal a structural shift. Meanwhile, AI-fueled stock market gains contrast with crypto weakness.
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