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Bitcoin drops 25% in 20 days amid US crypto law progress and institutional selling fears

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

Bitcoin fell sharply by 25% over 20 days following the US Senate Banking Committee's advancement of the Crypto Market Structure Bill, wiping out $406 billion in market cap. This decline coincided with record highs in global stock markets, sparking debate over possible market manipulation or institutional rotation from crypto to equities. Bitcoin ETFs saw $4.356 billion in outflows, marking the longest outflow streak on record. Additionally, MicroStrategy's Michael Saylor sold Bitcoin for the first time since 2022, fueling concerns of further institutional selling. Technical analysis also points to bearish trends, suggesting potential further declines in the coming months amid regulatory uncertainty and weakening market structure.

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