Bitcoin Slides as Strategy Sale Sparks Market Fear
As markets responded to Michael Saylor’s Strategy Inc.’s selling of Bitcoins, the slide in cryptocurrencies, particularly Bitcoin, accelerated on Tuesday. Losses were contained as reports indicated that the diplomatic efforts were advancing towards a resolution of the conflict in the Middle East. Overall cryptocurrency market capitalisation has experienced a decrease of nearly 3 percent in the last 24 hours, with Bitcoin hitting a low of $69,251. Market sentiment continues to be significantly influenced by the recent Bitcoin transactions executed by Strategy Inc, the foremost company in Bitcoin treasury management. On Monday, Strategy Inc announced the sale of 32 of its Bitcoin assets that took place between May 26 and 31. The company’s initial sale in four years has shaken confidence in Bitcoin and the broader cryptocurrency market as a whole. The decline in the crypto market sentiment is evident in CoinMarketCap’s Fear and Greed Index, which has plunged deeper into the “fear” zone. The index is currently at 29, reflecting a decrease from 31 yesterday and 37 a week ago. The negative sentiment surrounding the Bitcoin sales by long-time supporter Michael Saylor has led to significant crypto liquidations in the past 24 hours.
Data indicates that crypto liquidations, defined as the compelled closure of a trader’s leveraged position by an exchange or lending protocol due to inadequate funds to cover potential losses, have surged to an astonishing $795 million. Long positions totalled $681 million, while short positions stood at $113 million. In the midst of the recent wave of crypto liquidations, the total market capitalisation for cryptocurrencies has dropped by 2.9 percent over the past 24 hours, currently at $2.39 trillion. The trading volume over the past 24 hours has seen a notable increase of 46 percent, now reaching a total of $112 billion. Approximately 20 of the leading 100 cryptocurrencies are experiencing overnight gains exceeding one percent, whereas over 45 are facing overnight losses surpassing one percent. The prevailing optimism about the future of AI and the potential for a wave of initial public offerings has generated notable effects in the digital assets sector. Despite a widespread downturn in the cryptocurrency market, assets linked to the AI & Big Data sector experienced an overnight surge of 3.94 percent in market capitalisation. Bitcoin’s dominance in the crypto market stands at 58.2 percent, while Ethereum, the leading altcoin, holds a 10 percent share of the total market. In light of the heightened risk aversion, stablecoins now represent 13.4 percent of the overall cryptocurrency market.
Bitcoin, the largest cryptocurrency, is currently trading at $69,339.71, reflecting a decline of 4.2 percent. The current price stands approximately 45 percent below the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a decline of 10.1 percent over the past week and a significant drop of 20.8 percent year-to-date. Bitcoin Spot ETF products in the U.S. experienced a significant increase in net outflows, totalling $484 million on Monday, up from $125 million on Friday. With outflows totalling $440 million, the iShares Bitcoin Trust ETF represented the bulk of these withdrawals. Morgan Stanley Bitcoin Trust has reported inflows totalling $6 million. Bitcoin maintains its status at 14th in the global asset ranking by market capitalisation, as reported. It is situated between Samsung, which holds the 13th position, and Micron Technology, ranked 15th.
Ethereum experienced a minor decrease of 0.2 percent overnight, trading at $1,975.37. The leading alternate coin is presently trading well below its peak of $4,953.73, achieved on August 25, 2025. The 24-hour trading fluctuated between $2,005.82 and $1,956.15. Ethereum Spot ETF products in the U.S. experienced a notable rise in net outflows, totalling $45 million on Monday, an increase from $18 million on Friday. With outflows totalling $35 million, the iShares Ethereum Trust ETF faced the largest withdrawals. Ethereum has maintained its 85th position in the global ranking of all assets according to market capitalisation data. 4th ranked BNB experienced a decline of 2.6 percent overnight, bringing its price down to $677.54. BNB is currently trading at an impressive 51 percent below its peak of $1,370.55, which was achieved on October 13, 2025. 5th ranked XRP, a payments-focused cryptocurrency, has experienced a decline of 3.2 percent overnight and is currently trading at $1.26, which is approximately 67 percent below its all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency experienced a decline of 2.3 percent overnight, settling at $78.87. SOL’s current price stands approximately 73 percent lower than its peak of $294.33, reached on January 19, 2025.
On Monday, there were no inflows into Solana investment products in the U.S. TRON has achieved the 8th position overall, yet it faced a decline of 2.1 percent overnight, with its current trading price standing at $0.3422. The trading price currently stands at 22 percent below the cryptocurrency’s all-time high of $0.4407, recorded on December 4, 2024. Hyperliquid, currently ranked 9th, has experienced a decline of 0.91 percent in the past 24 hours. HYPE is currently priced at $72.62, sitting approximately 4 percent lower than its all-time high of $64.59, which was reached on May 26, 2026. Hyperliquid ETF products in the U.S. saw net inflows of $1 million on Monday. Memecoin Dogecoin, which is presently ranked 10th overall, saw a 0.91 percent drop overnight and is currently trading at $0.0987. DOGE is currently trading at an impressive 87 percent below its peak price of $0.7376, which was reached on May 8, 2021. 11th ranked Zcash stands out as the leading non-stablecoin cryptocurrency trading in the overnight positive zone.
