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Bitcoin drops over 11% amid whale selling, Strategy's BTC sale, and rising oil prices.

Market News
03 Jun 2026
FXEmpire
View Source
Bearish
pluang ai news

Bitcoin fell more than 11.25% this week, dropping below $65,360 to its lowest since March, pressured by large holders selling 24,602 BTC and Strategy's sale of 32 BTC. The price is testing a key long-term support near $61,800, with a risk of further decline toward $50,000 if it breaks below. Rising oil prices due to Middle East tensions add inflation concerns, negatively impacting Bitcoin. Until whales stop selling and Bitcoin reclaims higher levels, rebounds may only be temporary relief rallies.

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