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Bitcoin Slides to $65K as ETF Outflows Hit $5B, EU Eyes 0.1% Tax

CryptoWednesday, June 3, 2026· 13 videos

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Bitcoin tests $65K amid outflows

Bitcoin is sliding toward the critical $65,000 level as sustained selling pressure builds across spot and derivatives markets. Spot ETF outflows exceeding $5 billion in recent weeks signal weakening institutional demand. Options positioning remains heavily negative, forcing dealers to sell into the decline. Key downside liquidity zones sit between $64,900 and $60,000 if support fails.

ETF exodus accelerates market pressure

Spot Bitcoin ETFs have recorded लगातार heavy withdrawals, including daily outflows above $500 million. This persistent capital exit is amplifying downside momentum in the spot market. The trend reflects active portfolio reallocation rather than panic selling. Institutional flows are now a primary driver of short-term price direction.

Derivatives flows deepen bearish momentum

Options market data shows sharply negative delta exposure (DEX) reaching as low as -$1.9 billion. This forces market makers to hedge by selling spot Bitcoin, reinforcing downward pressure. Gamma positioning also points to $65,000 as a key price magnet. The structure suggests continued volatility with a bearish bias unless positioning resets.

MicroStrategy executes rare BTC sale

MicroStrategy, led by Michael Saylor, sold 32 BTC for დაახლოებით $2.5 million, marking its first known sale. While negligible compared to holdings فوق 800,000 BTC, the move is symbolically important. The sale is tied to funding obligations linked to its STRC yield product (~11.5%). It introduces a potential structural source of periodic selling pressure.

Clarity Act advances in US Senate

The U.S. Senate Banking Committee approved the Clarity Act on May 14, 2026, in a 15–9 vote. The bill classifies Bitcoin as a digital commodity under the CFTC, reducing regulatory ambiguity. It also bans a retail CBDC from the Federal Reserve, signaling a pro-private crypto stance. Markets initially reacted with Bitcoin rallying to $81,965.

EU proposes 0.1% crypto tax

The European Union is considering a 0.1% tax on crypto transactions as part of a broader revenue plan. The proposal, dated May 28, aims to generate up to $3.4 billion annually. Alternative options include taxing crypto capital gains across member states. If implemented, it would mark a first-of-its-kind policy at the EU level.

Crypto liquidations near $2 billion

The market saw लगभग $2 billion in liquidations within 24 hours, including $1.65 billion in long positions. This cascade of forced selling accelerated downside volatility. The event reflects excessive leverage built during prior bullish positioning. Liquidation-driven moves are now a dominant short-term market force.

Capital rotates from BTC to AI

Investors are shifting funds from Bitcoin into AI-linked equities such as Nvidia, Micron, and HPE. Strong earnings, including HPE’s $10.68 billion revenue (+40%), are جذب capital toward infrastructure plays. The NASDAQ remains near highs despite crypto weakness. This rotation highlights tightening liquidity and selective risk appetite.

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