BTC drops sharply in 15 minutes by 0.47%: ETF sees continuous net outflows and institutional selling in tandem, triggering near-term selling pressure

From 23:00 to 23:15 (UTC) on June 3, 2026, BTC saw a sharp drop of 0.47% within 15 minutes, with a price range of 64,404.8–64,983.4 USDT and a volatility of 0.89%. This sell-off continues the pullback trend that has been ongoing since late May. By that day, the price had fallen about 12% from the weekly high of $75,850, with market volatility noticeably increasing and bearish sentiment prevailing.

The main drivers behind this spike are continued outflows of institutional funds, alongside selling by corporate BTC holders. US Bitcoin ETFs have registered net outflows for 11 consecutive days, totaling more than $3.4 billion, reflecting a continued deterioration in institutional investor confidence. Meanwhile, Strategy—the world’s largest corporate BTC holder—sold 32 BTC (about $2.5 million) on June 3. This is the first time the firm has reduced its holdings since 2022, sending a strong negative signal that directly hits market confidence.

In addition, tightening macro liquidity and on-chain behavior have resonated together. Uncertainty remains around the Fed’s interest-rate policy path, and a stronger US dollar reduces BTC’s attractiveness to global buyers. On-chain data shows that mid-sized whales holding between 1,000 and 10,000 BTC reduced holdings by about 80,000 BTC between April 18 and May 6. They kept distributing into price rebounds, increasing supply pressure. On the technical front, the daily chart has remained in a death-cross configuration; RSI shows a hidden bearish divergence. The 50-day moving average is still above the 200-day moving average, but the gap has narrowed, and trend traders are inclined to short.

In the short term, investors should focus on the effectiveness of support in the historical demand region of $62,700–$58,000. If that level breaks, it may open further downside room. Investors should closely track ETF fund flows, Strategy’s subsequent actions, and the Fed’s policy developments. With current volatility risk remaining high, cautious positioning is advised to guard against the risk of further short-term downside.