Will Bitcoin reach $77,500 in June?

Prediction markets put the probability at 18%: Will Bitcoin reach $77,500 in June. Currently, markets see this as unlikely (18% YES). HomeMARKETSBitcoin Price Crashes to $67,000 Range, Down 13% in a Week Amid...

What’s Happening

Bitcoin tumbled into the $67,000 range on June 2, 2026, marking a 13% weekly decline as the asset broke through multiple support levels that traders had defended throughout May. The drop followed Strategy's first bitcoin sale in three and a half years, a symbolic move that coincided with renewed Mt. Gox wallet activity and a record streak of spot ETF outflows. Bitcoin ETFs registered $733.43 million in net redemptions on May 27, the largest single-day exit since January 29, accelerating the slide below the $70,000 psychological threshold. The probability that bitcoin will reach $77,500 in June compressed sharply as the spot price moved more than $10,000 below that strike with under four weeks remaining in the month. [Bitcoin Magazine, Jun 2]

Derivatives positioning suggests further downside risk before any sustained rebound. Open interest across bitcoin futures climbed to roughly 773,000 BTC, one of the highest readings on record, while funding rates remained elevated near 10% annualized despite deteriorating spot demand. The configuration indicates leveraged longs are adding exposure rather than de-risking, leaving the market vulnerable to a cascade liquidation if support at the February lows near $60,000 comes back into play. Analysts also flagged that Strategy's cash runway to cover preferred dividends has collapsed to approximately six months, raising the prospect of forced selling absent a fresh catalyst. For bitcoin to reach $77,500 in June, spot would need to recover roughly 15% from the $67,000 area against this leveraged backdrop. [CoinDesk, Jun 2]

Capital rotation into artificial intelligence equities has compounded the crypto drawdown. Google announced an $80 billion capital raise overnight on June 2, including a $10 billion commitment from Berkshire Hathaway, reinforcing a flow pattern in which institutional dollars favor AI infrastructure over digital assets. Geopolitical tension tied to Iran–U.S. developments added a risk-off overlay, while on-chain dashboards continued to register distribution from long-dormant cohorts. With 28 days remaining in the month and price action testing six-week lows, the path for bitcoin to reach $77,500 in June depends on either a reversal in ETF flows, a de-escalation in Middle East headlines, or a macro pivot that redirects capital back toward crypto risk. [CoinDesk, Jun 2]

Traded on Polymarket — $65K Volume

Lower-volume market on Polymarket ($65K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 18c YES.