Summary

  • Bitcoin has reached its lowest point since early April, trading at approximately $71,614.
  • The cryptocurrency has dropped over 2.5% in the past 24 hours, with ETF outflows now turning negative for the year.
  • Additionally, the prominent treasury firm Strategy sold $2.5 million in BTC last week.

The value of Bitcoin fell to a nearly two-month low on Monday, hitting around $71,479 due to increasing ETF outflows and a significant sale by the treasury firm Strategy.

The leading cryptocurrency has seen a decline of 2.8% over the last day and has dropped more than 7% over the past week, reaching levels not observed since the first week of April, based on data from CoinGecko.

This weekly downturn has been driven by substantial ETF outflows, totaling nearly $3 billion during a current 10-day outflow period. The increase in losses has resulted in negative year-to-date flows for these exchange-traded products.

Consequently, the assets managed by Bitcoin ETFs have decreased in 2026 as investors choose to withdraw cash or diversify their investments instead of retaining BTC exposure.

Moreover, it's not only ETF investors who have reduced their BTC holdings recently.

Strategy, the major Bitcoin company holding over $60 billion in BTC, divested 32 Bitcoin for approximately $2.5 million at an average price of $77,135. This decision follows less than a month after chairman Michael Saylor indicated the firm would “probably sell some Bitcoin” to facilitate dividend payments for its preferred stock.

The firm’s SEC filing regarding the $2.5 million sale confirms this intention.

Since the market opened, shares of the firm (MSTR) have declined by more than 6% as investors react to this decision. Analysts previously told Decrypt that even a small sale from Strategy’s holdings could affect market sentiment and reduce confidence in BTC.

In the last 24 hours, around $155 million in liquidations have affected Bitcoin positions, with data from CoinGlass showing that approximately 94% of these were on long positions, which anticipate a price increase for Bitcoin.

Currently, BTC is down roughly 8% over the past month and is 43% below its peak of $126,080.