Lukas Limbach

Bitcoin lost $70,000 for the first time since April, falling near 6% as an eleventh straight day of ETF outflows, Strategy's first BTC sale since 2022, and a fresh Mt. Gox transfer erased about $110B from crypto. Oil eased on US-Iran peace signals, but crypto didn't follow.

Bitcoin idled near $73,800 on a quiet Sunday, pinned below its 50-day average with sentiment stuck in Fear as a record spot-ETF outflow streak set the tone. Solana's SIMD-547 burn proposal drew founder backing while capital kept rotating out of BTC into XRP, SOL and HYPE.

Bitcoin opened June below $72K and sealed its third red month of 2026 as Strategy disclosed its first BTC sale in nearly four years, stalled US-Iran talks pushed oil back above $93, and a record ETF outflow streak fed a long-liquidation cascade into Extreme Fear.

Bitcoin held $73.4K under $74K resistance Saturday as US spot ETF outflows hit ten straight days totaling $2.96B. Treasury seized roughly $1B in Iranian crypto under Operation Economic Fury as the 60-day US-Iran ceasefire framework publicly collapsed.

Friday gave U.S. crypto two structural wins — CFTC approved Kalshi's BTCPERP as the first onshore perp and the SEC made Paxos the first blockchain CSD — even as BTC slid below $73K, ETF outflows hit a record nine-day streak, and CME 24/7 futures went live.

Bitcoin broke below $73,000 to a six-week low after U.S. strikes on Iran flushed $897M of crypto longs, IBIT printed its second-largest outflow ever at $528M, and ether lost $2,000 even as ETH futures open interest hit a record 16M ETH.