Bitcoin Falls to $65K as Strategy Sale and Iran Risks Weigh

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June 3, 2026 — Bitcoin extended its recent decline on Wednesday, falling toward the $65,000 level as investors continued to react to Strategy’s first Bitcoin sale since 2022, persistent ETF outflows, and rising geopolitical uncertainty in the Middle East.

Bitcoin Slides Toward $65,000

Bitcoin fell sharply during trading, reaching its lowest level in weeks as selling pressure intensified across the cryptocurrency market.

The world's largest cryptocurrency traded near $65,000, extending a broader downturn that has weighed on digital assets since late May. Recent declines have pushed Bitcoin well below the $70,000 level that had previously acted as a key support zone.

Strategy Sale Continues to Pressure Sentiment

Investor sentiment remained under pressure after Strategy disclosed that it sold 32 Bitcoin between May 26 and May 31 for approximately $2.5 million, marking the company's first Bitcoin sale since late 2022.

Although the sale represented only a small fraction of the company's holdings of more than 843,000 Bitcoin, traders viewed the move as a negative signal given Strategy's long-standing reputation as one of the cryptocurrency's strongest corporate supporters.

Middle Eastern tensions weigh on risky assets

Ongoing tensions involving the United States and Iran have also affected broader market sentiment.

Recent data showed billions of dollars leaving Bitcoin investment products, reflecting weaker institutional demand and contributing to the cryptocurrency's recent decline.

Analysts noted that ETF flows had been a major driver of Bitcoin's rally in previous periods, making the recent reversal a key concern for investors.

Middle East Tensions Weigh on Risk Assets

Broader market sentiment has also been affected by ongoing tensions involving the United States and Iran.

Concerns about stalled diplomatic efforts, higher oil prices, and regional instability have reduced investor appetite for riskier assets, including cryptocurrencies.

Market participants continue to monitor developments in the Middle East for signs of either escalation or diplomatic progress.

Investors Watch for Market Stabilization

Traders are now focused on whether Bitcoin can stabilize near current levels after its recent selloff.

Future price direction is likely to depend on institutional demand, ETF flows, broader market sentiment, and geopolitical developments that continue to influence global financial markets.