Bitcoin briefly fell below $62,000 on June 4 as more than $1.5 billion in crypto longs were liquidated, with ETF outflows and extreme fear adding pressure.
Bitcoin slid near $65,700 as U.S. spot bitcoin ETFs posted heavy outflows and Strategy disclosed a 32 BTC sale, turning fund-flow pressure into the market's main story.
CoinShares said $1.73B left crypto funds last week. Bitcoin and ether led outflows, with BlackRock iShares products among the biggest.