Bitcoin falls below $62,000 as ETF outflows deepen and Strategy sale adds pressure

BTC slid from the mid-$64,000s to about $61,463 as sustained U.S. spot Bitcoin ETF withdrawals, heavy long liquidations, a small Strategy sale and broader risk-off sentiment weighed on the market.

BTC

USDT

22d ago

Fact Check

The Watcher.Guru X post (https://x.com/WatcherGuru/status/2061818227370377568) is the direct originating source and states the exact figure ($320M in crypto longs liquidated in the past 60 minutes) on 2026-06-02. The summary accurately reflects this post. Watcher.Guru is a reputable crypto news aggregator that routinely publishes such liquidation snapshots from market data providers, lending credibility to the figure, though no independent primary aggregator (e.g., Coinglass dashboard at that exact timestamp) was retrievable for secondary confirmation.

Summary

Bitcoin extended its June 4 decline to below $62,000 late Wednesday, trading around $61,463.22 after earlier sliding from the mid-$64,000s to $63,999.9 USDT, as heavy leveraged long liquidations, sustained U.S. spot Bitcoin ETF outflows and a disclosed 32-Bitcoin sale by Strategy pressured sentiment. Reports cited roughly 11 to 12 consecutive trading days of net withdrawals from U.S. spot Bitcoin ETFs, with cumulative outflows variously reported at about $3.45 billion to $3.9 billion and BlackRock’s IBIT leading single-day redemptions at $388.6 million. The selloff also unfolded against a broader risk-off backdrop tied to U.S.-Iran tensions and weaker U.S. equities, while some crypto sectors including AI-related tokens and DeFi posted gains.

Terms & Concepts

Long liquidation: The forced closure of a bullish leveraged position after losses push collateral below required margin thresholds.
spot Bitcoin ETFs: Funds that hold Bitcoin directly.
net outflows: A period in which more money leaves an investment product than enters it.