BTC drops 0.52% in 15 minutes: Strategy’s first-time token sales combined with net outflows from the ETF in sync

From 22:00 to 22:15 (UTC) on June 2, 2026, BTC fell by 0.52% within a 15-minute window, with a price range of 67,207.1 to 67,566.4 USDT and a range of 0.53%. The market broke below the $70,000 psychological level that day; the intraday drop was nearly 6%. This is the first time the level has been lost since April 2026, and sentiment has remained bleak.

The core driver behind this anomaly is Strategy breaking the long-standing “never sell” narrative. The company disclosed on June 1 that it sold 32 BTC from May 26 to May 31 (about $2.5 million). Although this represents only 0.004% of its holdings, it was the first sale since December 2022. The first token-selling behavior prompted the market to reassess the institution’s custody and accumulation strategy, weakening confidence in ongoing institutional buying; automated trading strategies then triggered sell signals.

Meanwhile, ETF flows remained under persistent pressure, further amplifying volatility. Over the past three weeks, BTC ETFs saw cumulative net outflows of more than $4.2 billion. Assets under management fell from $104 billion to $94 billion, and there is a vacuum in spot buying. As liquidity shrank, price became more sensitive to sell orders. After BTC broke below key supports at $75,000 and $72,000, leveraged long liquidations were triggered in a chain, forming a negative feedback loop. In addition, an escalation in the Iran-U.S. geopolitical conflict pushed oil prices above $90 per barrel, reducing expectations for Fed rate cuts. Capital continued rotating from risk assets into AI and semiconductor stocks, and the convergence of multiple factors intensified short-term selling pressure.

In the near term, watch whether the $68,000 support level can hold. If it breaks, it could trigger further sell pressure. Investors should closely monitor ETF fund flows, changes in on-chain “whale” addresses, and macro policy developments, and remain alert to the risk of extreme volatility.