📉 Bitcoin Price Crashes to $67,000 Range, Down 13% in a Week Amid ETF Outflows and Market Fears

Bitcoin price has fallen below $68,000 on Tuesday, its lowest level since early April, battered by a multitude of forces. Some of them include Strategy’s first Bitcoin sale in three and a half years, a record ETF outflow streak, and fresh on-chain movement from the long-dormant Mt. Gox estate.

The catalyst that some think rattled markets was a disclosure from Strategy filed with the SEC on Monday. The company sold 32 Bitcoin between May 26 and May 31, fetching an average bitcoin price of $77,135 per coin for total proceeds of roughly $2.5 million.

The sale is intended to fund distributions on STRC, Strategy’s perpetual preferred stock carrying an 11.5% annual variable dividend.

The numbers are small in isolation - 32 BTC represents just 0.004% of Strategy’s total holdings of 843,706 Bitcoin, purchased at an average bitcoin price of $75,699 per coin. But the symbolic weight hit hard.

It is the company’s first reported net reduction in Bitcoin holdings through a standalone SEC filing, and the market responded: MSTR stock fell 5.85% on Monday and is falling around 6% so far Tuesday morning.

Strategy’s sale did not arrive in isolation. U.S. spot Bitcoin ETFs recorded roughly $3.45 billion in withdrawals across 11 straight trading sessions through late May — the largest monthly ETF exodus of 2026. A single session saw $484 million in redemptions.

Bloomberg Intelligence analyst Eric Balchunas pushed back on the panic, that $3 billion in outflows from a $100 billion asset base is “totally meaningless” relative to normal ETF flow patterns.

He pointed out that cumulative net flows since spot Bitcoin ETFs launched remain near $57 billion, down from a peak of $63 billion — an unusually resilient figure for a volatile asset. ETF share counts have continued to grow even as Bitcoin’s price declined, which Balchunas described as a sign of ongoing adoption rather than investor flight.

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