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Uncertainty Rises For Bitcoin As Strategy Begins To Sell

Alarm bells are going off around bitcoin, with most of the headlines focusing on the biggest bitcoin treasury company's very big decision to sell a small amount of bitcoin.

Why it matters: A bitcoin sale by Michael Saylor's Strategy has drawn outsize attention, but geopolitical uncertainty and competition from stocks are posing bigger near-term risks to the cryptocurrency's price.

State of play: Some $2.8 billion left U.S.-listed spot-bitcoin ETFs in nine-straight sessions through May 28 — the longest stretch of withdrawals in the funds' two-year history, Bloomberg noted.

Since hitting an all-time high of $126,080 in October, the price of bitcoin fell over 40% through last week.

Between the lines: Analysts point to several overlapping pressures:

One is the Iran war, and investors' waning appetite for the riskiest risk assets amid soaring oil prices and fresh inflation worries.

Another is the boom in AI-related stocks, leading some institutional investors to rebalance portfolios and go even lighter on bitcoin.

In short, there have just been so many better ways to find returns, Bloomberg's Joe Weisenthal notes.

Geopolitical uncertainty and competition from equities are posing bigger near-term risks to bitcoin's price.

$1.5B Liquidated In Crypto Within 24 Hours

Souring Bitcoin sentiment has triggered almost $1.5 billion in crypto liquidations over the past 24 hours, as the largest digital asset sank back to a two-month low.

(Bloomberg) -- Souring Bitcoin sentiment has triggered almost $1.5 billion in crypto liquidations over the past 24 hours, as the largest dig

Bitcoin Falls Below $70K Once Again

Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment.

The price of the flagship cryptocurrency was last lower by more than 6% at $67,014.97, according to Coin Metrics. Earlier, it fell as low as $66,954.99, its lowest level since April 5. Ether declined by 4.7%, and stocks across the crypto sector were in the red as well. Strategy fell 9%, Galaxy lost 5.9% and Coinbase was down 4.7%.

Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment.

Bitcoins Derivatives Market Could Plunge Further

Bitcoin derivatives markets flashing warning signs as price plunges below $70,000

Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.

https://www.coindesk.com/markets/2026/06/02/bitcoin-derivatives-markets-flashing-warning-signs-as-price-plunges-below-usd70-000

Mt Gox Moves $739M Worth Of Bitcoin

Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline.

The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to creditor distributions, though none of the bitcoin has yet reached a custodian or exchange.

Mt. Gox still holds roughly 34,504 bitcoin valued at $2.43 billion, and any eventual payouts to the roughly 19,500 creditors—many of whom bought before the 2014 collapse—could add selling pressure to a market already under strain.

The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-b

Strategy Sells Bitcoin After A Four Year Break

Strategy (NASDAQ: $MSTR) has sold some of its Bitcoin (CRYPTO: $BTC) holdings.

It marks the first time that the crypto treasury firm led by Executive Chairman Michael Saylor has sold any Bitcoin in four years.

A regulatory disclosure shows that Strategy sold 32 Bitcoin over the past week for proceeds of $2.5 million U.S.

https://finance.yahoo.com/markets/crypto/articles/strategy-sells-bitcoin-first-time-130500239.html

Bitcoin May Have Settled Into A Holding Pattern

On the 8-hour chart, Bitcoin slipped under a head and shoulders formation on May 28, a bearish setup of three peaks that projects a downside target near $66,800.

The selloff should have come fast. Instead it stalled.

Both green and red volume bars have shrunk since the break, and that fading interest let buyers defend the zone. The early burst of sell-side pressure quickly faded, leaving a tight range instead of the steep slide the pattern usually delivers.

That muted follow-through is the surprise. Setups like this often resolve in a quick drop, yet sellers have not pressed their advantage, and the market has settled into a holding pattern instead.

A single Fibonacci level near $72,754 stands between Bitcoin and a roughly 10% slide toward $66,800 after a pattern breakdown.

Strategy Moves Large Amount Of Bitcoin To Coinbase

Strategy Inc. (NasdaqGS:MSTR) has moved a significant amount of its Bitcoin holdings to Coinbase, raising questions about a possible sale.

The shift comes after recent debt and equity transactions that have drawn attention to the company’s capital structure and related risks.

Industry experts are highlighting growing concerns around competing claims among equity, debt, and Bitcoin holders if the company adjusts its long standing "never sell" approach.

Strategy Inc. (NasdaqGS:MSTR) has moved a significant amount of its Bitcoin holdings to Coinbase, raising questions about a possible sale. T

Bitcoin Has Fallen 41% From It's All Time High

Bitcoin (CRYPTO: BTC) remains one of the most polarizing assets in all of markets, with strong supporters and even stronger opponents. And it continues to take investors on a wild ride.

The top cryptocurrency trades 41% below its all-time high from October last year (as of May 29). While the past eight or so months have been disappointing for the bulls, the current bear market is nothing new. The past might provide clues as to what's to come.

Anyone who follows this cryptocurrency knows that bear markets are a normal occurrence.

Bitcoin Price May Continue To Drop As Liquidity Positions Tighten

Bitcoin’s price fell below $74,000 on Wednesday after a sharp wave of liquidations swept through crypto markets, falling to a low of $72,000 on Thursday, with fund manager Michael Kramer warning the token could fall “much lower” as liquidity conditions tighten.

Bitcoin’s drop below $74,000 intensified after a wave of liquidations. Fund manager Michael Kramer warned Bitcoin could fall “much lower.” O

Strategy's Cost Basis For Bitcoin Treasury Is Over $63B

On May 18, in a regulatory filing, Strategy Inc (NASDAQ:MSTR) disclosed an update on its Bitcoin position, reporting the purchase of 24,869 BTC for roughly $2.01 billion in cash. The acquisition was executed over the period between May 11 and May 17 at an average price of $80,985 per Bitcoin. Following this transaction, the company’s total holdings rose to 843,738 BTC. The cumulative cost basis for its Bitcoin treasury was reported at approximately $63.87 billion. The update reflects the company’s continued accumulation strategy and expansion of its digital asset reserves through large-scale market purchases executed over a short trading window.

We recently compiled a list of the 12 Best Strong Buy Tech Stocks to Invest In Now. Strategy Inc (NASDAQ:MSTR) is among the best Strong Buy

Bitcoin Falls To $74K

The U.S. has conducted new strikes against Iran, Reuters reported Wednesday evening. Details are sparse, but the headline was enough to send an already weak crypto market even lower.

Bitcoin has sunk to $74,300, down nearly 2% over the past 24 hours, and its weakest level in about six weeks.

Memory chip stocks are attracting capital and attention, with crypto markets settling into apathy.

Capital Flight From Bitcoin To AI

Bitcoin drops to 13th largest asset as capital flees to AI and precious metals

Bitcoin’s weak 2026 performance has coincided with sharp gains in metals and semiconductor giants, raising concerns that the cryptocurrency could continue losing ground.

Bitcoin’s weak 2026 performance has coincided with sharp gains in metals and semiconductor giants, raising concerns that the cryptocurrency

$334M Of Bitcoin Outflows Early In The Week

Bitcoin ETFs saw $334 million in net outflows on Tuesday, driven by $192 million exiting BlackRock’s IBIT.

Notably, a single investor executed a $1.3 billion trade of BlackRock’s IBIT on Tuesday.

Bitcoin ETFs saw $334 million in net outflows on Tuesday, driven by $192 million exiting BlackRock's IBIT.

Blackrock Sold $1B In Bitcoin

BlackRock’s $1.01 billion in Bitcoin sales last week was not a bearish bet. It was the iShares Bitcoin Trust (IBIT) settling investor redemptions, with roughly 15,000 BTC sent in daily deposits to Coinbase Prime to meet ETF outflows. So, the selling came from BlackRock’s customers, not from BlackRock.

The sale was the bulk of $1.26 billion in total U.S. spot Bitcoin ETF outflows from May 18 to 22, making it the heaviest week of 2026.

Bitcoin dipped to a low near $74,300 before recovering to around $77,000, but that bounce was driven by short-term futures traders, not long-term buyers, and even that demand is fading. The reassuring part is that the selling stayed orderly and ETFs still hold around 1.3 million BTC, making this a cooling in demand rather than a structural collapse.

One number set crypto X/Twitter on edge over the weekend. On-chain tracker Arkham posted that BlackRock had sold Bitcoin every single day la

The Potential $300 De Minimus Bitcoin Rule

There are now 8,486 business locations that accept Bitcoin as a point-of-sale payment in the United States, and cities across its northern and southern borders. Last month, it was 7,091, according to BTC Map. These are not Bitcoin ATMs. People can now buy a cup of coffee, get a haircut or buy lunch in every major city in the country (you could even pay your acupuncturist in Minneapolis with it). Even small towns across the Midwest have two to three locations accepting Bitcoin.

Transferring Bitcoin to dollars still triggers capital gains tax. And the traditional payment rails remain more economical as far as transaction cost, but how many people know what their transaction fee was for their last haircut? Also, as The Financial Brand recently covered, the economics of the interchange businesses are under pressure both legally and politically, and Senators, such as Cynthia Lummis (R-WY), have introduced digital asset tax legislation to Congress which includes exemptions for small transactions (a $300 de minimis rule), ending the double taxation of digital assets that makes Bitcoin payment use cases less palatable.

Your customers aren't just holding Bitcoin anymore; they're beginning to use it. Here's how three bank leaders are rethinking Bitcoin now.

MoonPay Now Allows Bitcoin Purchases Directly In ChatGPT

MoonPay has brought crypto purchases directly into ChatGPT, allowing users to generate checkout links to buy digital assets, including Bitcoin, XRP, Solana, and USDC, without leaving OpenAI’s chatbot.

On Friday, MoonPay launched a dedicated app in ChatGPT Apps, allowing users to buy cryptocurrencies directly inside OpenAI’s chatbot. MoonPay joins a growing list of crypto-related apps on ChatGPT, including Kraken, OKX, CryptoAudit, and RealOpen.

While other apps in the ChatGPT store allow users to query blockchain data and prices, the MoonPay app lets users purchase crypto directly—and aims to educate consumers in the process.

“We’ve seen this with commerce and AI, where a lot of people get shopping recommendations within ChatGPT,” MoonPay Blockchain Engineer and Product Lead Kevin Arifin told Decrypt. “Now people are starting to do financial research within ChatGPT as well, and it’s always been surprising to me that there hasn’t been an on-ramp where you could buy crypto within ChatGPT.”

MoonPay's new app lets users buy cryptocurrencies, including Bitcoin and Solana, through ChatGPT just by speaking with the chatbot.

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