Bitcoin Drops 5.65% to $67,287 Today as Institutional Selling Accelerates

Bitcoin dropped 5.65% today to $67,287, marking its lowest level since April, as macro headwinds and institutional selling pressured the market. The sell-off opened at $71,305 and reached a session low of $66,948 amid sticky inflation, delayed Federal Reserve rate cuts, and escalating U.S.-Iran tensions.

U.S. spot Bitcoin ETFs posted $2.43 billion in net outflows during May—the worst monthly performance of 2026, reversing April's $1.97 billion inflows. On Myriad prediction market, traders now price a 52.6% probability of Bitcoin dumping to $55,000 before rallying to $84,000, a dramatic reversal from mid-May when the $84,000 bull case held 80% odds.