Bitcoin Plunges to $67,000 as Strategy Sells BTC, ETFs Bleed, Mt. Gox Fears Resurface

On June 3, 2026, Bitcoin experienced a decline exceeding 6%, nearing $67,000, which represents a 47% drop from its peak of $128,198 in October 2025. This downturn was prompted by Strategy's decision to sell 32 BTC for $2.5 million, marking its first reduction in Bitcoin holdings since late 2022, contradicting its 'never sell' stance. U.S. spot Bitcoin ETFs faced net outflows of $484 million on June 1, continuing an 11-day trend, with BlackRock's iShares Bitcoin Trust losing over $440 million. Additionally, the Mt. Gox bankruptcy estate transferred 10,306 BTC valued at $731 million, raising supply concerns ahead of the October 31, 2026 repayment deadline. Over 24 hours, crypto positions worth $1.86 billion were liquidated, including $900 million in Bitcoin, amid ongoing macroeconomic challenges such as persistent inflation and a robust U.S. dollar. Bitcoin is now trading below critical moving averages, with the RSI indicating oversold conditions. Key support level to monitor is $65,000, with significant events on the horizon including the U.S. inflation report on June 10 and the Fed's policy meeting on June 16-17.