Major

Bitcoin

Boom

Billion

While Bitcoin investors’ expectations for a new upward trend in the short term are weakening, the leading BTC has deepened the negative sentiment in the market with its sharp drop in the last 24 hours.
Bitcoin’s price has fallen by more than 5% in the last 24 hours, dropping to $67,312. This brings BTC’s total loss over the past week to over 12%. The price has fallen below the $68,000 level for the first time since April, and is trading approximately 46% below its all-time high of $126,080.
Among the reasons for the selling pressure in the market is the Bitcoin sale carried out last week by Strategy, a company known for its Bitcoin-focused balance sheet strategy. The company sold 32 BTC, worth approximately $2.5 million, marking its first Bitcoin sale since 2022. However, the amount sold is quite limited compared to the company’s approximately $57 billion worth of Bitcoin assets.
On the other hand, the ongoing outflows from US spot Bitcoin ETFs are also undermining investor confidence. Bitcoin ETFs have experienced net outflows for the past 11 trading days, with a total capital outflow exceeding $3.4 billion during this period. As a result, the net fund flow into US spot Bitcoin ETFs has turned negative since the beginning of the year. In other words, the amount of money flowing out of ETFs in 2026 has already exceeded the capital entering them.
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Investors who took positions in the futures markets expecting a rise also suffered heavy losses. According to CoinGlass data, approximately $600 million worth of Bitcoin long positions were liquidated in the last 24 hours.
Across the cryptocurrency market, a total of $1.24 billion in positions were liquidated in the last 24 hours. Of this, $1.12 billion consisted of long positions, while short position liquidations amounted to approximately $124.85 million.
<figure class="wp-caption alignnone"><img src="https://www.bitcoinsistemi.com/wp-content/uploads/2026/06/BTCUSDT_2026-06-02_19-13-34.png" alt="" width="1342" height="877">
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 A graph showing the drop in BTC price.
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/major-drop-in-bitcoin-1-billion-in-liquidations-what-caused-the-drop-and-what-s-the-current-situatio/" rel="noopener noreferrer nofollow">Major Drop in Bitcoin: $1 Billion in Liquidations—What Caused the Drop and What’s the Current Situation?</a>

Major Drop in Bitcoin: $1 Billion in Liquidations—What Caused the Drop and What’s the Current Situation?

Bitcoin Sistemi EN

Other articles published on Jun 2, 2026

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