BTC falls 6% to $67,468, extending losses amid record outflows from crypto funds and waning retail interest.
Bitcoin traded at $67,468, down 6% on the day and breaking below $70,000 for the first time since April. The decline marks a 45% drop from its October 2025 high near $128,000, as outflows from spot-ETFs reached $2.4 billion in May, the worst month of the year.
Last week saw $1.67 billion in crypto fund outflows, with Bitcoin funds accounting for a record $1.44 billion. Search interest in crypto hit a one-year low, while equities and AI-related stocks surged, leaving Bitcoin as the sole underperformer in 2026.
The latest sell-off was triggered by a $2.5 million sale from MicroStrategy’s Michael Saylor, though the move was tied to share mechanics rather than a market view. Bitcoin’s stagnation contrasts with broader market gains, raising concerns about its role in the current bull cycle.