U.S. spot Bitcoin ETFs saw $396.6 million in net outflows on June 3, while spot Ethereum ETFs saw $53 million in net outflows.
Bitcoin dropped below $65,000 as ETF redemptions, institutional selling and rotation into AI-linked equities continued to pressure the market.
Ethereum fell toward the $1,800 area after a broad crypto selloff and technical breakdown triggered fresh derivatives liquidations.
Bullish crypto bets lost around $1.6 billion in liquidations as Bitcoin fell below $66,000 and Ether dropped under $1,900.
Strategy’s late-May sale of 32 BTC for about $2.5 million remained in focus as investors reassessed Bitcoin treasury companies during the selloff.
Bitcoin is trading around $63,753, while Ethereum is trading around $1,779.
The Fear and Greed Index stands at 20, indicating extreme fear in market sentiment.
