BTC drops sharply in 15 minutes by 0.55%: Strategy’s token selling triggers panic, and leverage liquidations intensify short-term selling pressure

From 19:15 to 19:30 (UTC) on June 2, 2026, BTC saw a sharp drop of 0.55% within 15 minutes; the price ranged from 66,915.5 to 67,361.4 USDT, with an amplitude of 0.66%. This move pushed BTC below the $70,000 key support level, hitting $66,454.99—the lowest level since April 2026. Market sentiment cooled sharply, and volatility noticeably increased.

The main driver behind this anomaly was news that Strategy (formerly MicroStrategy) sold a small amount of BTC on June 2. As one of the publicly listed companies holding the most BTC globally, Strategy’s sell-off was interpreted by the market as an “insider signal,” directly triggering panic selling. At the same time, over the past 24 hours, the crypto market recorded $594 million in long-derivatives liquidations; large long positions were forcibly closed, further amplifying the sell pressure through a negative feedback loop.

In addition, multiple fundamental factors converged: on-chain data shows that whales and dolphins have stopped net buying since February 2026, with marginal demand clearly shrinking. US spot Bitcoin ETFs saw cumulative outflows of $4.21 billion over the past three weeks, the longest consecutive outflow streak since the ETFs were approved in 2024. Short-term holder supply fell from 6.4 million BTC in December 2025 to about 4.2 million BTC, while long-term holder supply hit a historical high of 15.8 million BTC—suggesting holders are reluctant to sell, but new capital has limited appetite to enter. On the macro front, a strengthening US dollar index is weighing on risk assets; combined with miners’ record Q1 sell-off of 32,000 BTC, both supply and demand sides face pressure at the same time.

Currently, BTC has fallen below the $75,000–$80,000 historical support zone. The next support level is looked at around $60,000–$65,000. On-chain indicators show insufficient institutional confidence; ETF outflows have not stabilized yet, and the short-term could continue to face pressure. Investors should focus on Strategy’s position changes, ETF fund flows, and the US dollar index trend, and remain alert to the risk of further downside.