BTC drops 0.50% in 15 minutes: continuous ETF outflows and selloffs by companies resonate, putting short-term pressure on price

From 06:45 to 07:00 (UTC) on June 3, 2026, BTC fell by 0.50% within 15 minutes, dropping to the 66,951.1-67,339.2 USDT range, with a 0.58% amplitude. The market shows a persistent sell-pressure trend. Prices have already fallen to the lowest level since February 2026, and volatility has increased significantly.

The main driver behind this move is a negative feedback loop caused by continued outflows from U.S. spot Bitcoin ETFs. Data shows that ETFs have had cumulative outflows of more than $4.21 billion over three consecutive weeks. In the first week of June alone, net outflows totaled $1.42 billion, the third-worst performance in history. Market makers, when ETFs are net redeemed, need to sell BTC in the spot market to hedge, and spot buy-side demand has severely weakened.

Second, the ongoing fallout from Strategy’s selling event continues to build. As the world’s largest corporate holder of BTC, Strategy sold 32 BTC on June 2, breaking its “never sell” corporate image. The market has started re-pricing the option value of corporate BTC holdings, triggering defensive selling by some short-term traders. Meanwhile, long-term holders will push supply to exchanges after the price rebounds toward the $80,000 area, with ongoing sell pressure accumulating on-chain. In addition, U.S. stocks have been hitting fresh highs, and a major SpaceX IPO is imminent—both attracting funds rotation and further cooling risk-asset appetite amid escalating geopolitical tensions. On the technical side, after the key $70,000 support level was breached, momentum indicators turned negative to -59, which may trigger automatic position reduction in trend-following strategies.

BTC depth versus the 7-day average has declined, and selling pressure may amplify price volatility. If ETF outflows continue, it could form a negative feedback cycle of “selling—price decline—more redemptions.” Investors should watch the $70,000 support area, ETF fund flow direction, and developments in macro events, as short-term volatility risk is elevated.