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Bitcoin falls below $70,000 as MicroStrategy sells and Mt. Gox moves $739M in BTC.

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

Bitcoin price dropped nearly 4%, breaking below the key $70,000 support level due to institutional selling and large wallet activity. MicroStrategy sold 32 BTC to fund dividends, shaking investor confidence and triggering $483 million outflows from Bitcoin ETFs. Additionally, 10,306 BTC worth $739 million moved from Mt. Gox cold storage, raising concerns of market sell-offs. Analysts warn that if Bitcoin fails to regain $70,000, it could test the $65,000 support zone amid ongoing market uncertainty.

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