In this video, we break down Bitcoin on the 4hr & 1hr chart using Elliott Wave Theory. You’ll discover both bullish and bearish scenarios, plus the critical price levels and targets to watch. Video by Koenz Trading.
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As of June 1, 2026, Bitcoin (BTC) is trading between $71,400 and $72,200, marking a decline of roughly 1.5% to 2.5% over the last 24 hours as the market faces heavy selling pressure.
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Bitcoin Insights Today
-Massive ETF Outflows Weigh on Price: Bitcoin remains under pressure primarily due to massive accelerating institutional outflows. Over $2 billion has recently exited U.S. spot Bitcoin ETFs. A massive $1.26 billion single-day liquidation from BlackRock’s IBIT ETF indicates a rapid exit by a major whale.
-Macro Headwinds and Geopolitical Jitters: Shifting Federal Reserve expectations, persistent inflation concerns, and broader macro market uncertainty have caused investors to scale back risk-on assets. Higher oil prices have also added pressure to broader financial markets.
-Corporate Treasuries Keep Buying: Despite retail and ETF panic, some corporate treasuries are buying the dip. Global publicly traded companies net-purchased $9.85 million in Bitcoin last week. Notably, French crypto firm Capital B announced today the purchase of 4 additional BTC, pushing their holdings to 3,139 BTC.
-Upcoming Market Catalysts: Analysts note Bitcoin may be nearing a short-term tactical bottom. The market is eyeing the launch of U.S.-regulated crypto perpetual futures and the Nasdaq CME crypto index futures scheduled for June 8, which could inject fresh institutional liquidity.
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