Bitcoin Traders Lose $455M on Long Bets as BTC Dips Below $70,000

02-Jun-2026 Bitcoin.com

Strategy offloads 32 BTC and price tanks

Bitcoin dropped below $70,000 to an eight-week low of $69,390, wiping out $4,000 in value over 48 hours and temporarily pushing its market cap below $1.4 trillion. Massive Liquidations Rock Crypto Traders Bitcoin ( BTC) continued to plunge Tuesday morning, dropping below $70,000 as the fallout from Strategy’s sale of 32 bitcoins continued to rock […]

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