Price right now • Current: $66,062 on Binance, down 1.81% in the last 24h • June 2-3 range: Hit a 2-month low of $66,123.36 on June 2, then dipped further to $65,708 on June 3 • Today’s levels: Trading around $66K-$67K, with India price at ₹62.98 lakh • Down from highs: BTC is down 24% YTD and ∼47% from its Oct 2025 all-time high of $126,198 What’s driving the drop this week 1. ETF outflows: U.S. spot Bitcoin ETFs saw 11 straight days of net outflows, totaling $3.45B. May 2026 alone had $2.43B withdrawn - worst month since Nov 2025 2. Liquidations: $700M+ in liquidations hit as BTC broke $69K, with $730.75M liquidated in 24h on June 2 3. Macro pressure: Fed still reluctant to cut rates, waiting for inflation to hit 2%. New 15% global tariff announced after Supreme Court struck down Trump tariffs 4. Corporate moves: Strategy (MSTR) sold 32 BTC for $2.5M, though analysts say the bigger factor is liquidity flowing into AI equities 5. Derivatives unwind: Heavy leveraged longs got forced out, $766M liquidated in 24h on June 2 Key levels traders are watching

Support: $69,000, $65,000, $64,000. If $69K breaks, analysts eye $64K-$65K

Resistance: $73,800, $75,800, $86,100. Need to reclaim $73,800 to weaken bearish case

Sentiment: Fear & Greed Index at 27 = "Fear", down 11 points in a week

Social chatter & analysis • Bearish takes: TrendSpider chart shows $BTC BTC broke an ascending channel, with 35.9% drop in early June. Some analysts warn of potential slide to $45K or $58K-$49K • Buying the dip: Commenters on Crypto posts are split - many calling it a "discount" and time to accumulate. Wendy O says she "still feels COZY in bitcoin" despite drop below $70K • Seasonality: June is historically weak for BTC. Last 5 Junes, 4 closed red. "Sell in May" played out with ∼7% May drop • Institutional moves: Strive bought 2,500 BTC for $185.2M, now holds 19,000 BTC, showing corporate treasury demand still exists What could move BTC next 1. Friday U.S. jobs data - Strong print = no rate cuts = more pressure 2. ETF flows - Need inflows to resume to absorb selling 3. AI stocks vs crypto - Liquidity "vacuuming" into AI equities hurting BTC 4. Support hold - $65K is key. Below that, $60K is next major level

Outlook: Short-term bearish while below $74,156. Medium-term still bullish above $70,461. Meta AI model predicts base case $88K-$95K by June 30, if catalysts land

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