June 2: Strategy Fallout, Mt. Gox Transfers
Brief Summary:
Bitcoin fell below $70K this morning, trading near $69,400 after hitting a seven-week low area.
Ethereum is holding near $1,975, still struggling around the $2,000 psychological level.
About $744 million in crypto liquidations hit the market over 24 hours as leverage unwound during the selloff.
Digital asset investment products saw $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026.
Bitcoin funds posted their largest weekly outflow of the year, while XRP and HYPE were rare bright spots with inflows.
Strategy’s first disclosed Bitcoin sale…
The skinny
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