Ethereum's Pain: Below $1,800 for the First Time Since May 2025
$ETH closed at $1,740.32, down 4.01% and below the critical $1,800 psychological support level. The decline follows a 7.32% crash on June 2, with long-term holders capitulating as the "Age Consumed" metric spiked. ETF outflows added $52.94 million in net redemptions.
U.S. spot Bitcoin ETFs recorded a net outflow of $396.6 million on June 4 alone. Cumulative outflows have now reached $4.37 billion over just 13 trading days—the longest streak of net redemptions in history. BlackRock's IBIT saw its largest single-day net outflow since listing at $528 million. $BTC
In a symbolic market shock, Strategy Inc. (formerly MicroStrategy)—the largest corporate Bitcoin holder—sold 32 $BTC worth approximately $2.5 million for dividend payments. This marks the company's first sale since December 2022, shattering founder Michael Saylor's legendary "never sell" narrative.