Bitcoin experienced a significant selloff on Wednesday, June 3, 2026, plummeting below $62,000, marking a more than 4% decrease for the day and over 12% for the week. This sharp decline, one of the steepest of 2026, was attributed to a confluence of factors. Big investment funds have been withdrawing capital for nearly two weeks, the longest streak on record, removing approximately $3.5 billion in support. A rare sale by Strategy, a company known for its "buy and never sell" approach, further unnerved investors. Additionally, falling prices triggered forced selling from traders who had borrowed to speculate on price increases, leading to around $1.8 billion in liquidations within 24 hours. The broad crypto market also suffered, with major coins like Ether, Solana, and BNB experiencing substantial drops. Investors are now awaiting the U.S. inflation report on June 10 and the Federal Reserve meeting on June 16-17 for potential market direction.