On 3 June 2026 at 17:30, a review of Bitcoin's past market cycles outlined how far BTC has fallen from peak to bottom, highlighting major drawdowns in 2013 (about 87%), 2017 (about 84%), and 2021 (about 77%). It also argued the 2025 cycle has been reshaped by spot Bitcoin ETFs approved on January 10, 2024, with trading starting January 11, alongside halving dynamics that historically influence cycle timing.

U.S. spot Bitcoin ETFs have now posted 12 consecutive days of net outflows, with $3.97 billion in BTC liquidated over that span. IBIT accounted for about $2.939 billion of the withdrawals, while FBTC saw nearly $403 million in outflows, as BTC traded at $67,260 after falling nearly 15% over 30 days.

Strategy sold 32 BTC on June 3, 2026 for about $2.5M, a small transaction that coincided with a sharp market reaction as Bitcoin fell 3.1% to $65,391. Over the same period, nearly $4Bn was pulled from US-listed Bitcoin ETFs across the next 12 sessions, and total crypto market value was said to be down roughly $160Bn within the week. The episode revived debate over whether the sale signals a change in stance or routine treasury management.

Strategy (NASDAQ: MSTR) fell to $136.62, about 30% below its May 11 intraday peak of $197 and closing high of $195.94. The move followed the company's sale of 32 BTC worth roughly $2.5 million, as Bitcoin also declined 11.42% over the past week to $67,153 by June 3. From May 28 to June 3, 2026, the broader crypto market lost $170 billion in total capitalization.

On June 3, Bitcoin (BTC) traded around $66,500 after briefly dipping below $66,000, adding to concerns that the pullback could deepen. Over the past day, the total crypto market capitalization fell by roughly $140 billion, with traders tracking liquidation clusters near $64,300 and $63,400. Sentiment indicators were described as entering an "Extreme Fear" phase as bearish commentary increased across social platforms.

Bitcoin fell to $65,710 on June 3, breaking below $66,000 as U.S. spot Bitcoin ETF outflows hit $519 million on June 2 and derivatives markets saw heavy forced selling. Analysts pointed to weakening futures demand and sharply negative on-chain momentum indicators as signs that downside pressure could persist.

Bitcoin critic Peter Schiff said BTC could drop below $20,000 if it falls through $50,000, arguing market sentiment remains overly complacent. He made the comments with Bitcoin near $67,000, down more than 4% over 24 hours and over 16% across 30 days. Schiff also warned Strategy's STRC yield setup could turn into a self-reinforcing decline if investors question the company's ability to maintain payments.

Bitcoin (BTC) traded at $67,093.55 (-3.58%) as Microsoft’s June 2, 2026 Majorana 2 quantum-chip reveal revived debate over whether future quantum computers could pressure crypto security assumptions. The chip is described as 1,000 times more reliable than its predecessor with average qubit lifetimes of 20 seconds and peaks nearing 1 minute, while traders watched $66,000 support and the $70,000 breakout level.