03.06.2026 08:20
Bitcoin fell 6.5% to $66,100, recording its sharpest daily decline in four months. The drop was driven by sales from Strategy, one of the world's largest corporate Bitcoin investors, and reduced risk appetite in global markets, with approximately $768 million in cryptocurrency positions liquidated in the last 24 hours.
Selling pressure deepened in the cryptocurrency market. Bitcoin fell to $66,100, testing its lowest level in the last two months, with a daily loss exceeding 6.5%. The decline was driven by institutional sales and reduced risk appetite in global markets.
SELLING PRESSURE INCREASED
Bitcoin, the largest asset in the cryptocurrency market, dropped to $66,100 amid accelerated selling in recent days. Thus, Bitcoin saw its lowest level in two months, experiencing its sharpest daily loss in four months with a 6.5% decline.
STRATEGY'S SALE DREW ATTENTION
One of the developments accelerating the market decline was the sale by Strategy, one of the world's largest corporate Bitcoin investors. The company, holding approximately 843,000 Bitcoins as the largest corporate investor, sold 32 Bitcoins, catching investors' attention.
The company's transfer of about $30 million worth of Bitcoin to an exchange wallet last week also increased expectations of further sales.
$768 MILLION IN POSITIONS LIQUIDATED
The sharp drop in the cryptocurrency market also hit futures investors. Approximately $768 million in positions were liquidated in the last 24 hours.
Long positions opened in anticipation of a rise accounted for the majority of the liquidations. $448 million in Bitcoin and $92 million in Ethereum positions were closed.
AI TOKENS DIVERGED POSITIVELY
Despite the general selling wave in the market, some artificial intelligence-themed crypto assets saw gains. The Humanity Protocol token gained 18% in a day, bringing its rise over recent weeks to 278%.
In contrast, Stellar lost over 6%, while SUI and ETHFI experienced declines of around 3%.