BTC Slides to $65,707 on June 3 as $1.85B Liquidations Hit; Saylor's 32 BTC Sale Questioned

Bitcoin fell to $65,707 on June 3, dropping 7% in 24 hours and more than 12% over seven days, alongside $1.85 billion in crypto liquidations. The report argues the move was driven by excessive derivatives leverage rather than Strategy's disclosed sale of 32 BTC to fund preferred dividend payments. It also notes Mt. Gox-related wallet transfers worth about $739 million added to sentiment, while saying a transfer alone is not proof of selling.