Bitcoin has fallen to its lowest level in two months, driven by institutional selling and significant outflows from Bitcoin ETFs. The sell-off comes as geopolitical tensions involving the U.S., Israel, and Iran weigh on investor sentiment, sparking a broader financial market downturn.
For the first time since 2022, Strategy sold a portion of its Bitcoin holdings, contributing to the price decline. Simultaneously, year-to-date ETF flows have turned negative, reinforcing a risk-off mood across the crypto space.
Market data now shows a 78.6% probability that Bitcoin will trade between $70,000 and $72,000 on June 1, with no expectation of it breaching $74,000. Analysts say this reflects a sharp sentiment shift, consistent with a cautious institutional posture.
Key figures to watch include Michael Saylor and Cathie Wood for any strategic announcements, as well as the Federal Reserve and SEC for regulatory signals. Continued Middle East instability could further pressure prices in the weeks ahead.