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Bitcoin plunges 6% to $65,485 amid corporate sales, ETF outflows, and US-Iran tensions

Market News
03 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin dropped sharply to $65,485, its lowest since late March, after a 6% intraday fall driven by Strategy Inc's sale of 32 BTC and nearly $1 billion in ETF outflows over two days. Forced liquidations hit $1.83 billion, mostly long positions, amid escalating US-Iran military tensions that have heightened market anxiety. Analysts note Bitcoin's Relative Strength Index now signals potential price floor levels, suggesting cautious monitoring ahead. Market volatility is expected to continue with support seen around $64,000–$65,000 amid geopolitical and technical pressures.

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