Bitcoin (BTC) began the month of June under strong downward pressure, caused by a deterioration in the geopolitical scenario in the Middle East and new doubts about the global economy.
At the time of publication of this article, on the afternoon of June 1, 2026, the digital asset remains slightly above $71,000although the market is already looking closely at the $70,000 area as a key psychological level. A loss of that threshold could reinforce fears of a deeper correction.
This price drop occurs after Iran suspended indirect message exchanges with the United States. According to reported today Reuters, the decision was taken following the intensification of Israeli military operations in Lebanon and complicates diplomatic efforts to end the conflict involving Tehran and Washington.
This scenario maintains the tension on the Strait of Hormuz, one of the most important sea routes for the global oil tradeas reported by CriptoNoticias. The continued blockade of this route raises concerns about global energy supply, increases transportation costs and fuels fears of new inflationary pressures.
When inflation threatens to remain high, central banks typically have less room to reduce interest rates. This context usually harms assets considered “risky”, such as bitcoin.
Patricio Mesri, country manager of Bybit for Latin America, told CriptoNoticias that “the fall these days seems to respond to the increase in geopolitical tensions between the United States and Iran, profit-taking movements after several months of rise, capital outflows from some investment vehicles and liquidations of leveraged positions that accelerated the correction.”
The executive considers that these movements are part of the normal dynamics of the markets. «Much of the conversation usually occurs when BTC breaks highs, when optimism dominates the market and when everyone talks about how much it could continue to rise. Much less is said about moments of correction,” he commented.
Furthermore, he added: «No one knows if the $70,000 will be a floor, an intermediate point or just another stop along the way. What we do know is that understanding market movements requires observing both moments of euphoria and moments of uncertainty.
Strategy sold 32 bitcoin
In the midst of this context, another factor that added uncertainty to the market was the sale of BTC carried out by Strategy.
The company founded by Michael Saylor informed the United States Securities and Exchange Commission (SEC) that between May 26 and 31 sold 32 BTC for approximately $2.5 million.
This is the first BTC sale made by the company since 2022. On that occasion, when it was still operating under the name MicroStrategy, sold 704 BTC for tax reasons and subsequently acquired a higher amount of coins.
Despite this operation, Strategy continues to be the publicly traded company with the largest amount of BTC in treasury. He currently owns 843,706 BTC:
Saylor himself had anticipated during the presentation of first quarter financial results, held on May 5, 2026, that sales could occur to meet certain financial obligations. However, In the following days, he reiterated that the BTC accumulation strategy remains intact.
The news has generated different reactions. For trader Michaël van de Poppe, these sales should not have lasting consequences for the market. «Now, the FUD around Michael Saylor selling his BTC is over, as it happened, and the markets enter a new neutral phase. In fact, this is positive for the markets,” wrote in X.
In this framework, the Venezuelan influencer David Battaglia minimized the magnitude of the operation: “Alert, Saylor is dumping us 0.00018% of all the BTC it has purchased this year.”
A different vision was expressed by Leopoldo Bebchuk, who served as Associate Product Manager of Strategy until March 2026.
«They had technically sold in 2022, but it was some kind of accounting trick to buy more, that’s why they didn’t consider it a net sale. In the case now, they are selling to pay dividends, giving a signal that their STRC model is not sustainable if the market is bearish,” he told CriptoNoticias.
It should be remembered that STRC is one of the financial instruments used by Strategy to raise funds and support its purchase strategy of the currency created by Satoshi Nakamoto. According to Bebchuk, the sale of BTC would be linked to the payment of dividends associated with that vehicle.
For now, the market’s attention remains focused on the macroeconomic context. An eventual agreement between the United States and Iran or The normalization of oil transportation through the Strait of Hormuz could relieve some of the pressure on risk assets.
The bad news, so far, There are no signs that this scenario will occur in the short term.