Strategy ($MSTR) of Michael Saylor, the biggest corporate Bitcoin ($BTC) holder, recent Bitcoin ($BTC) has recently conducted a sell-off, leading to notable losses for a trader with great con
Strategy ($MSTR) of Michael Saylor, the biggest corporate Bitcoin ($BTC) holder, recent Bitcoin ($BTC) has recently conducted a sell-off, leading to notable losses for a trader with great conviction. Particularly, the trader “willo2” lost a total of $527K on Strategy amid its Bitcoin ($BTC) sell-off.
As per the data from Lookonchain, after Strategy submitted a filing disclosing the sale of 32 $BTC, the trader lost the respective amount. This development has reportedly triggered a wider prediction market crash.
What was the impact of #Strategy selling 32 $BTC?It made this guy lose $527K in just one day!After #Strategy filed that it had sold 32 $BTC($2.47M), trader willo2 saw that the odds of #MicroStrategy selling $BTC before May 31 were still at 80% on #Polymarket.So he went all… pic.twitter.com/T5Hlvvuxwy
— Lookonchain (@lookonchain) June 2, 2026
In this respect, the trader “willo2” witnessed a potentially lucrative opportunity, placing a bet of up to $527K on Strategy ($MSTR). Specifically, the trader purchased more than 695,000 shares. This purchase accounted for an average price of up to 76.1¢, equaling 527,000. The respective gamble depended on acquiring the remaining upside ahead of the market resolution.
Nonetheless, as Polymarket clarified, confirmation that lies outside the time frame of the market has no qualification. So, the market leaned toward resolution as “No.” As a result of this, within hours, the trader lost his position as it plunged to almost zero. This left the trader with a staggering loss of a cumulative $527,431 within one day.
The respective downturn extended beyond that trader. So, Bitcoin ($BTC), the flagship crypto asset, dropped by $1,200 within only sixty minutes. Hence, at the start of the month of June, it dropped below the $71,000 mark for the 1st time since the 7th of April. At the moment, $BTC is changing hands at $70,721.27, expressing a 3.73% dip over the past 24 hours.
BREAKING: Bitcoin fell -$1,200 in the last 60 MINUTES and dropped below $71,000 for the first time since April 7th. $155 million in longs were liquidated over the same period. pic.twitter.com/6nEEEoCrwm
— Bull Theory (@BullTheoryio) June 2, 2026
Additionally, Bitcoin’s ($BTC) market capitalization is now sitting at $1.41T with a 3.76% decrease, while the 24-hour volume displays a 140.88% rise at $46.13B. Along with that, its weekly price performance shows a 7.83% drop. Similarly, the monthly trajectory highlights a 9.51% plunge.
