The price of Bitcoin fell to its lowest level in months on Wednesday night, falling below $62,000 is the biggest intraday loss of more than $5,300 – a drop of almost 8% in 24 hours – as the perfect storm of institutional outflows, power withdrawals, racial panic, and the symbolic but surprising selling of Michael Saylor’s Strategy was changed to undermine market confidence.
Around 10:00 PM EDT, Bitcoin price was changing hands at $61,463.22, down from a 24-hour high of $67,416.50 and dangerously close to the critical $60,000 bottom. The selloff erased weeks of recovery and sent the world’s largest cryptocurrency nearly 51% below its peak. always high $126,277, set for October 2025.
The contribution that many analysts believe violated the market’s wishes was to write Monday SEC from Strategy to reveal that the company. to be sold 32 Bitcoin between May 26 and May 31, generating approximately $2.5 million at an average price of $77,135 per coin.
Although the humble relative Strategy is holding more than 818,000 BTC, and the exit represented the first company shown on the net to reduce its Bitcoin position in years – a jarring break for Co-founder Michael Saylor’s long-term “do not sell” theory.
The move was made to fund the dividend payout for its STRC preferred shares, which have an exchange rate of 11.5%. However, the market performed well. The price of Bitcoin immediately fell below $72,000 following the announcement, and Strategy’s stock fell nearly 6% that day.
Today, STRC has traded hands at around $94.
Bitcoin price as BTC ETFs continue to emerge
US Bitcoin ETFs recorded an 11-to-12 consecutive day streak of net outflows, the longest journey since the product was launched, with withdrawals totaling approximately $3.45 billion over time. Last week on May 29 only he saw $1.42 billion in revenue, marking the third weekly decline on record.
For the last month, you can see the history of changes in the Bitcoin ETF exchange for several years on the chart on this page to arrive $2.30 billion – the worst single month of 2026 – even though the price of Bitcoin fell by 3.69% during that time, showing that institutions were quietly scoffing ahead of what the price itself meant.
Moving on to the real crypto stuff, Bitcoin’s value has been disrupted due to the collapse of many economies. Escalation of US-Iran tensions – including The outbreak of war in the Middle East – has driven investors to safety, which has triggered an exodus of risk that has crippled many economies around the world.
Adding to the bearish picture is the pull of artificial intelligence. Capital that may have gone into Bitcoin is chasing AI-connected money, and what is coming The IPOs of OpenAI and SpaceX divert attention from speculation.
