Why Is Bitcoin Crashing?

Bitcoin fell below $68,000 as crypto weakness continued across major tokens, with Ethereum and XRP also trading lower. One of the biggest pressure points is ETF flow reversal. Wintermute said spot Bitcoin and Ethereum ETFs recorded roughly $2 billion in combined outflows over 10 days, marking the longest redemption streak since launch. That matters because the institutional bid that helped drive Bitcoin higher earlier this year has weakened, leaving crypto more exposed to fading momentum and macro pressure. Strategy also added to bearish sentiment after revealing in a June 1 Form 8-K that it sold 32 Bitcoin for roughly $2.5 million between May 26 and May 31. The timing created controversy on Polymarket, where a market on whether Strategy would sell Bitcoin by May 31 was disputed after confirmation arrived after the deadline. A trader posting as willo2 said he lost roughly $500,000 and claimed the rules were changed after the fact. Fundstrat’s Tom Lee pushed back on the bearish narrative, saying the Bitcoin and Ethereum thesis is “absolutely not” broken. Lee argued that crypto infrastructure remains important as AI agents, tokenization, decentralized identity, and blockchain settlement systems expand. He also laid out a long-term framework where Bitcoin could theoretically reach $2 million if it eventually matched gold’s network value while gold reaches $5,000. Disclaimer: Video contains AI generated content. #Bitcoin #Crypto #BTC --- 🖥️ Try Benzinga Pro FREE with a 14 day trial: https://www.benzinga.com/pro/register 📈 Take your trading to the next level with our suite of premium research services and tools: https://www.benzinga.com/services 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Follow us on socials @benzinga ------------------------------------------------------------------------------------ 🔹Free Benzinga Webinars: https://www.youtube.com/watch?v=LQ2jOJNkDfI&list=PL4k0fH8EgI3YTdqniRmxrvz97w3IQ61rD 🔹Benzinga Pro Tutorials: https://www.youtube.com/watch?v=a2FaHhLIrks&list=PL4k0fH8EgI3YMwoBMFXGvVMkgixFymmei&pp=gAQB 🔹Earnings Calls: https://www.youtube.com/watch?v=C2-AoCw64Ok&list=PL4k0fH8EgI3buZI5529R53wJUNd9NS4_s 🔹Premarket Playbook: https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZVRPM7INpG--GvohnBVTnT 🔹Benzinga's All Access: https://www.youtube.com/playlist?list=PL4k0fH8EgI3bQSn91atO-3lPT4V6Nwsmh 🔹Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #StockMarketNews #Trading #StockMarketLive #Stocks #stocktrading #learntotrade #DayTrading #StockMarketToday