$BTC/USD(BTCUSD.HAS)

🆘 Bitcoin Crashes 26% In 3 Weeks: What’s Behind The Selloff?

Bitcoin has taken a sharp hit this week with prices dropping rapidly across every trading sessions.

🔷Current Price & Scale Of The Drop

During today’s Asian trading hours, Bitcoin fell below $62,000, touching a low of $61,100. Since hitting a recent high of $82,500 on 6 May. it has lost roughly 26% in just three weeks. To put this in perspective: Bitcoin’s all-time high was $126,198 back in October 2025 - meaning it is now more than 50% below that peak.

🔷 Why Is It Falling?

A perfect storm of factors is driving the decline:

1️⃣ ETF Outflows: U.S. spot Bitcoin ETFs have seen money leave for 13 straight days.

2️⃣ Mass Liquidations: On 4 June alone, around $1.6 billion in leveraged positions were wiped out. And 85% of which were long bets. Bitcoin positions accounted for $777 million, followed by Ethereum at $398 million.

3️⃣ Macro Pressures: Stubborn inflation, doubts over Federal Reserve rate cuts and a stronger U.S. dollar are pushing investors toward safer assets like cash or bonds.

4️⃣ Geopolitical Risks: Rising tensions between the U.S. and Iran are cooling appetite for risky assets.

5️⃣ Mt. Gox Uncertainty: On 2 June, over $739 million worth of BTC was moved from the defunct exchange, sparking fears of large sell-offs ahead of repayments due in October 2026.

6️⃣Sentiment Shock: Strategy (formerly MicroStrategy) sold 32 BTC — its first sale in years. While small, it broke their long-held “never sell” stance and rattled confidence.

🔷The verdicts

Markets are pricing in further downside: Prediction markets show an almost 80% chance Bitcoin drops below $60,000, which would mark a new 2026 low.

Trade cautiously over weekend. Always exercise risk management for every trades.

Source:

bitcoinfoundation.org/new...

kucoin.com/blog/bitcoin-d...$63000-as-crypto-market-crashes-is-bear-market-continuing-in-2026