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Bitcoin drops 3.9% to $61.4K amid heavy selling and bearish market signals.

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

Bitcoin's price fell 3.9% to a local low of $61,400, driven by Strategy's sale of 32 BTC and large ETF outflows. This triggered capitulation among short-term holders who bought during recent rallies. Market metrics, including impulse performance and net taker volumes, signal a bearish regime shift with reduced demand and increased selling pressure. Exchange inflows rising and declining Coinbase premiums suggest weakening conviction among investors, indicating potential continued downward pressure on Bitcoin.

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