On June 2, the rate of Bitcoin fell below a psychological mark of $70,000, reaching a low of $69,751. A 24-hour decline of 3.9% was triggered by the escalating conflict between the United States and Iran, as well as the fact that part of the reserves were sold by Strategy. The negative dynamics affected other top-10 assets as well: BNB lost 0.6%, Solana - 1.4%, XRP - 3%.

Additional pressure came from the news that Strategy had sold 32 BTC worth around $2.5 million for the first time since December 2022 to pay dividends. Although the deal is small, BTSE’s chief operating officer, Jeff May, sees it as a psychological alarm bell, pointing to downward pressure on even the largest holders.

At the same time, Santiment’s analysts recorded a record number of transactions exceeding $100,000 since April 22. Historically, this surge in activity amid falling prices indicates a phase of asset accumulation by major players. Bitrue’s head of research, Andry Fauzan Ajima, points out that Bitcoin now behaves as a high-risk asset correlated with macroeconomic expectations rather than a hedge tool. Capital flows into the traditional sector due to high government bond yields and rising inflation in the US.