Bitcoin Price Falls as Short-Term Holders Sell $770 Million BTC at Loss

Bitcoin faced fresh selling pressure after falling to nearly $76,500, wiping out most of May’s gains and increasing concerns about a deeper correction in the crypto market. Rising geopolitical tensions between the United States and Iran have added to market uncertainty, pushing many investors toward a risk-off approach.

CryptoQuant data shows that short term Bitcoin holders sold more than 10,000 BTC, worth around $770 million, at a loss. These investors, who had held Bitcoin for less than 155 days, reportedly moved funds to exchanges while prices traded below their average buying level near $78,440.

Bitcoin ETF Outflows Add Pressure

Institutional sentiment has also weakened. Spot Bitcoin exchange-traded funds in the United States recorded $648.6 million in net outflows on Monday, marking the largest withdrawal since late January. Global Bitcoin investment products also posted nearly $982 million in weekly outflows, signaling reduced demand from major investors.

Bitcoin Price Prediction Points to $65K Support

Market analysts believe Bitcoin must hold support between $74,500 and $76,000 to avoid further losses. If selling pressure continues, analysts including Michael van de Poppe warn BTC could revisit the $65,000–$70,000 range before finding stronger support.