Bitcoin dropped more than 12% within one week.
ETF outflows exceeded $2.8 billion, weakening market sentiment.
The crypto market saw $1.76 billion in liquidations within 24 hours
Bitcoin has recently seen a sharp decline this week. The largest cryptocurrency in the world dropped to $61,500 before recovering to the $64,000 to $65,000 range.
This fall surprised many traders, as Bitcoin held above $70,000 for several weeks earlier this year. The coin even touched the $79,000 to $80,000 zone in May 2026. The latest decline wiped out a large part of those gains.
The market is now cautious, with many investors fearing further downside pressure in the coming days.
Also Read - How Bitcoin ETFs are Driving Institutional Crypto Adoption
A major reason behind the recent crash is Bitcoin ETF outflows. Spot Bitcoin ETFs in the United States lost more than $2.8 billion in recent sessions. Institutional investors pulled their money out of crypto funds at a fast pace.
Earlier this year, ETF demand pushed Bitcoin to record highs. Large companies and institutions invested heavily through these funds and helped BTC rise quickly.
However, the situation looks different with heavy withdrawals creating selling pressure across the market. Bitcoin has lost momentum and is experiencing a bearish run.
Experts say ETF activity now plays a huge role in daily Bitcoin price movement.
The recent fall also caused panic in the wider crypto market. Nearly $1.76 billion in crypto positions disappeared within 24 hours amid heavy liquidations.
Many traders used borrowed funds to bet on higher prices. Once Bitcoin started to fall, exchanges automatically closed these positions. This chain reaction led to a steep decline.
Ethereum and several other cryptocurrencies also suffered losses during this period. Market fear grew stronger after the sharp drop. High volatility is now one of the biggest concerns for short-term traders.
Also Read - What Bitcoin's Split From Tech Stocks Could Mean for Investors?
Another important event added pressure to the market. Strategy, the company formerly known as MicroStrategy, sold a small part of its Bitcoin holdings.
The company became famous over the years for its strong support of Bitcoin. Many investors viewed Strategy as one of the biggest long-term BTC supporters.
Even though the sale involved only a small amount, the news still shocked the market. Traders worried that other large companies could follow the same path if prices continue to weaken.
This news damaged investor confidence at a sensitive time.
Bitcoin also faced pressure from global economic uncertainty. Investors across financial markets now worry about inflation, interest rates, and slow economic growth.
When fear rises in traditional markets, risky assets are usually the first to suffer. Cryptocurrencies often react strongly during such periods.
Geopolitical tensions also increased uncertainty. Many investors moved their capital into safer assets instead of crypto. This shift created another reason for Bitcoin's weakness.
Market experts believe macroeconomic conditions may continue to influence crypto prices during June 2026.
Despite the recent crash, some analysts still expect a possible rebound later this year. Long-term support for Bitcoin remains strong in many areas.
Large financial firms continue to show interest in digital assets. Institutional adoption still looks much higher compared to older market cycles.
Some traders believe the $60,000 to $64,000 zone could act as an important support level. If Bitcoin stays above this area, buyers may return to the market.
However, another wave of ETF outflows or weak global market sentiment could push BTC lower again.
For now, Bitcoin remains under pressure, and volatility stays extremely high. The next few weeks may decide whether this correction ends soon or turns into a longer market slowdown.
As of June 4, 2026, Bitcoin trades near $64,000 to $65,000 after a major weekly decline of more than 12%. The recent low came near $61,500, while the yearly high earlier in May reached almost $80,000. ETF outflows, market fear, institutional selling pressure, and economic uncertainty continue to affect crypto prices across the world.
What is the Bitcoin price today?
Bitcoin is trading near the $64,000 to $65,000 range as of June 4, 2026. The cryptocurrency remains volatile, with prices reacting to investor sentiment, institutional activity, and broader financial market developments.
Why did Bitcoin price fall recently?
Bitcoin moved lower following significant ETF outflows, rising market fear, and global economic uncertainty. These factors weakened investor confidence and contributed to increased selling pressure across the cryptocurrency market.
What was Bitcoin’s recent low?
During the latest market downturn, Bitcoin briefly fell to approximately $61,500. The decline reflected broader weakness in risk assets and heightened volatility across digital asset markets.
How much did the crypto market lose in liquidations?
The cryptocurrency market recorded roughly $1.76 billion in liquidations within 24 hours. The large-scale liquidation event highlighted the impact of rapid price movements on leveraged trading positions.
Can Bitcoin recover soon?
Some analysts believe Bitcoin could recover if it maintains support between $60,000 and $64,000 and buying interest returns. Improved market sentiment and stronger demand may help stabilize prices and support a rebound in the coming weeks.
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