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Bitcoin drops 14% amid ETF outflows and Strategy's first Bitcoin sale in years

Market News
04 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Bitcoin fell 14% over a week, hitting lows not seen since February due to heavy selling and $3.45 billion in outflows from U.S. spot Bitcoin ETFs. Strategy sold 32 Bitcoin for $2.5 million to fund dividends, marking its first net reduction in years. Despite the drop, Standard Chartered suggests the market bottom is near and expects Bitcoin could reach $100,000 by late 2026, citing stable ETF holdings and reduced liquidation risks as signs of potential stabilization.

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