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Bitcoin Falls to 2026 Low of $60,800 as Strategy Sells 32 BTC; ETF Outflows Hit $4.3B

GateNews
Capital FlowPrice VolatilityStocksCommodities
BTC-0.57%
According to Farside Investors and Strategy disclosures, Bitcoin crashed to a 2026 low of $60,800 last week, marking a decline of nearly 14% and erasing months of gains. The sell-off was compounded by Strategy's first Bitcoin sale since 2022, when the company sold 32 BTC for $2.5 million to cover preferred stock dividend payments. This precedent sparked concern that further monthly sales may follow, creating a steady source of selling pressure. Simultaneously, Bitcoin ETF products have seen sustained outflows exceeding $4.3 billion since May 14, with no positive inflow days recorded since May 13, signaling a retreat by institutional investors. Strategy currently holds 843,706 BTC at an average acquisition cost of $75,699 per coin, leaving the position approximately $10 billion underwater at current prices.
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