{"id":97837,"date":"2026-06-02T12:29:34","date_gmt":"2026-06-02T09:29:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97837"},"modified":"2026-06-02T12:30:25","modified_gmt":"2026-06-02T09:30:25","slug":"bitcoin-falls-below-70000-amid-geopolitical-tensions-and-strategys-btc-sale","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-falls-below-70000-amid-geopolitical-tensions-and-strategys-btc-sale\/","title":{"rendered":"Bitcoin Falls Below $70,000 Amid Geopolitical Tensions and Strategy&#8217;s BTC Sale"},"content":{"rendered":"<p>On June 2, the price of the leading cryptocurrency dropped to $69,751. The decline occurred amid escalating tensions between the US and Iran, as well as the sale of part of its reserves by Strategy.<\/p>\n<p>In the past 24 hours, Bitcoin has decreased by 3.9%. At the time of writing, the asset is trading at $69,966.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1a8ce52253329aa6-5991935235701760.webp\" alt=\"BTCUSDT_2026-06-02_11-12-27\" class=\"wp-image-280895\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Other top-10 cryptocurrencies also entered the &#8220;red zone&#8221;: BNB lost 0.6%, Solana fell by 1.4%, and XRP by 3%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-cb0445013db54c45-5992000710207945.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-06-02 111605\" class=\"wp-image-280896\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Zeus Research analyst Dominic John <a href=\"https:\/\/www.theblock.co\/post\/403286\/bitcoin-slides-geopolitical-risks-strategy-btc-sale\">linked<\/a> the negative trend to rising geopolitical tensions. Investors began shedding volatile assets due to fears of destabilization in the Strait of Hormuz following the <a href=\"https:\/\/www.euronews.com\/2026\/06\/01\/tehran-suspended-negotiations-via-mediators-with-us-iranian-media-says\">suspension<\/a> of negotiations between Washington and Tehran.\u00a0<\/p>\n<p>Additional pressure on the market came from news about Strategy. The company sold part of its reserves for the first time since December 2022 \u2014 32 BTC worth about $2.5 million. The firm will use these funds to pay dividends on preferred shares.<\/p>\n<p>Experts pointed out the insignificant volume of the deal for the market. However, BTSE exchange COO Jeff May considers the situation a negative psychological signal. According to him, Strategy&#8217;s actions indicate that even the largest holders feel pressure from the recent price decline.<\/p>\n<p>While the crypto market was falling, US stock indexes S&#038;P 500 and Nasdaq closed slightly up. In Asian markets, there is mixed dynamics: Japan&#8217;s Nikkei 225 and South Korea&#8217;s Kospi are declining, while Chinese indexes are showing growth.<\/p>\n<p>Head of Research at Bitrue Andri Fauzan Adjima <a href=\"https:\/\/cointelegraph.com\/news\/btc-falls-to-70k-but-divergence-from-stocks-is-temporary-say-analysts\">noted<\/a> that Bitcoin is trading as a high-risk asset tied to macroeconomic expectations rather than as an independent hedging tool. According to him, this is a temporary phase of the cycle: as market conditions improve, the cryptocurrency will show leading growth.<\/p>\n<p>Santiment confirmed that investors have increasingly favored stocks due to their returns and low volatility.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcca The gap between traditional equities and crypto has become increasingly difficult for traders to ignore. From May 6th through June 1st, the S&#038;P 500 has climbed another +4%, while Bitcoin is down -13% and gold -5%. This divergence has led to a growing preference among investors\u2026 <a href=\"https:\/\/t.co\/TMcT32sIvt\">pic.twitter.com\/TMcT32sIvt<\/a><\/p>\n<p>\u2014 Santiment Intelligence (@SantimentData) <a href=\"https:\/\/x.com\/SantimentData\/status\/2061530306163675311?ref_src=twsrc%5Etfw\">June 1, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This creates a &#8220;self-reinforcing cycle,&#8221; where capital flows from the crypto industry to the traditional sector.<\/p>\n<p>Santiment experts also reported that whales have started actively moving coins after the price fell to $70,011.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 As Bitcoin dipped as low as $70,011, our on-chain data indicates the network saw the most transactions valued at $100K or more since April 22nd. This is historically a strong sign of whale accumulation.<\/p>\n<p>\ud83d\udd17 Track <a href=\"https:\/\/x.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> whale activity here on this chart: <a href=\"https:\/\/t.co\/voRQUWucDF\">https:\/\/t.co\/voRQUWucDF<\/a> <a href=\"https:\/\/t.co\/KnOeOiho3y\">pic.twitter.com\/KnOeOiho3y<\/a><\/p>\n<p>\u2014 Santiment Intelligence (@SantimentData) <a href=\"https:\/\/x.com\/SantimentData\/status\/2061666791353352572?ref_src=twsrc%5Etfw\">June 2, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The network of the leading cryptocurrency recorded a record number of transactions of $100,000 or more since April 22. Analysts noted that a surge in large transfers during a price drop historically indicates a phase of asset accumulation by whales.<\/p>\n<h2 class=\"wp-block-heading\">What About ETFs?<\/h2>\n<p>On June 1, the net outflow from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">exchange-traded funds<\/a> based on digital gold amounted to $483.76 million. The continuous negative trend has persisted since May 15 \u2014 for 11 consecutive sessions.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-352a586c6e4102fc-5992050105858737.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-06-02 112811\" class=\"wp-image-280897\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>The main volume on the last trading day was from BlackRock&#8217;s IBIT \u2014 $440.3 million was withdrawn from the fund. The only inflow of $6.14 million was recorded at Morgan Stanley&#8217;s MSBT.<\/p>\n<p>In the last 11 days, funds have lost $3.45 billion. The total outflow for May was $2.43 billion \u2014 the worst monthly figure since November 2025. Researchers from Bitrue <a href=\"https:\/\/www.theblock.co\/post\/403292\/spot-bitcoin-etfs-extend-negative-streak-may\">linked<\/a> this to rising inflation in the US and high yields on government bonds. Institutional investors are redirecting capital to other assets, including AI sector stocks.<\/p>\n<p>Spot Ethereum ETFs completed their 15th consecutive trading day with a negative result. On June 1, investors withdrew $44.44 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-78103684dad2caaa-5992069176325771.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-06-02 112946\" class=\"wp-image-280899\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>During the trading week from May 25 to 29, the outflow from investment products based on digital assets <a href=\"https:\/\/forklog.com\/en\/news\/crypto-funds-see-1-67-billion-outflow-in-a-week\">amounted to<\/a> $1.67 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 2, the price of the leading cryptocurrency dropped to $69,751. The decline occurred amid escalating tensions between the US and Iran, as well as the sale of part of its reserves by Strategy.<\/p>\n","protected":false},"author":1,"featured_media":97838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell to $69,751 amid US-Iran tensions and Strategy's BTC sale.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,480,569,1207,842],"class_list":["post-97837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-bitcoin-price","tag-etf","tag-microstrategy","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell to $69,751 amid US-Iran tensions and Strategy's BTC sale.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97837"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97837\/revisions"}],"predecessor-version":[{"id":97839,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97837\/revisions\/97839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97838"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}