Bitcoin fell below $70,000, reaching a two-month low as investor sentiment weakened amid geopolitical risk, Strategy’s rare Bitcoin sale, and negative Bitcoin ETF flows. Strategy disclosed in a June 1 SEC Form 8-K that it sold 32 BTC between May 26 and May 31 for about $2.5 million at an average net price of $77,135 per bitcoin, with proceeds expected to help fund preferred stock distributions. The company said it held 843,706 BTC as of May 31, acquired for an aggregate purchase price of $63.87 billion, or an average of $75,699 per bitcoin, and also reported $128.3 million in net proceeds from selling 801,994 MSTR shares during the same period. The filing became central to a Polymarket dispute over whether a sale completed before May 31 but publicly confirmed on June 1 satisfies the market’s settlement terms, with supplied reporting citing conflicting market volume figures ranging from more than $20 million to more than $80 million. Earlier supplied material also said spot Bitcoin ETFs recorded a 10th straight day of net outflows that Friday, reinforcing signs of weaker institutional demand.