# Bitcoin getting hammered from every direction — fade the next bounce as selling pressure mounts

_AI-generated trading idea · SHORT · BTC_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-getting-hammered-from-every-direction-fade-the-next--5b024d3e-238f-401e-aadc-d5fc4351e5a4

Bitcoin is getting hit from all sides: a record $3.4 billion has been pulled from Bitcoin ETFs over 11 straight days of selling, the collapsed exchange Mt. Gox just moved $739 million worth of Bitcoin (signaling creditors may soon dump coins), and major holder Strategy disclosed its first-ever Bitcoin sale. The price has slipped below $71,000.

## Idea

Bitcoin is facing a rare triple threat of selling pressure. ETF investors are fleeing at a record pace — 11 straight days of outflows totaling $3.4 billion is the worst streak since the funds launched. Meanwhile, Mt. Gox moving $739 million from cold storage typically signals creditor distributions are coming, which means more coins hitting the market. On top of that, Strategy — one of Bitcoin's biggest corporate holders — just disclosed its first-ever Bitcoin sale, spooking the market. With investor money rotating into the surging AI stock rally instead, short-term bounces in Bitcoin are likely to be sold into quickly.

## Key details

- Symbols: BTC
- Timeframes: H4
- Tags: \#crypto, \#bearish, \#etf\_flows

## Community

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## News sources

- [Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing](https://www.coindesk.com/markets/2026/06/02/bitcoin-s-biggest-etf-selloff-yet-hits-usd3-4-billion-as-ai-stocks-keep-climbing) — CoinDesk
- [Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto](https://www.coindesk.com/markets/2026/06/02/bitcoin-slide-to-usd70-000-as-stocks-pause-and-strategy-s-btc-sale-weighs-on-crypto) — CoinDesk
- [Mt. Gox moves $739M in Bitcoin from cold wallets: Arkham](https://cointelegraph.com/news/mt-gox-moves-739m-in-bitcoin-for-first-time-since-march) — Cointelegraph

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