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Bitcoin falls below $70k amid negative ETF flows and rising whale selling activity

Market News
02 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin dropped below $70,000, losing over 4% in 24 hours and 9% in a week, driven by declining investor confidence and negative spot ETF flows since mid-May. Increased large BTC transactions and net inflows to exchanges suggest whales are selling rather than accumulating. Despite lower weekly volatility, market data indicates Bitcoin's value is not keeping pace with its network value, signaling a potential further decline toward $51,000. This reflects a cooling market and a possible next major move downward.

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