Tuesday, June 2, 2026 · Covering Monday June 1 session
Summary
Bitcoin price today fell to a two-month low, closing Monday June 1 at 70,275 on Bitstamp, down 1.46%, then sliding under 70,000 in perpetuals toward 69,900. Three forces converged: Strategy disclosed its first Bitcoin sale since 2022, spot ETFs extended a record outflow streak that turned 2026 flows negative, and crypto kept diverging from record-high equities. The break lost the 200-day average and pushed the RSI to a deeply oversold 27.9. The altcoin tape was mostly red, with some small-caps posting outsized gains.
The Big Three
Bitcoin closed at 70,275 on Monday, down 1.46%, and kept falling in perpetuals to near 69,900, a two-month low. The break is decisive: price is below the 73,691 200-day average, with 70,000 giving way and the path toward 66,000 to 67,000 open beneath.
