Michael Saylor Says Bitcoin Needs Disciplined Expansion Through Banks, Companies, Credit Markets

Strategy co-founder and executive chairman Michael Saylor said Bitcoin needs “disciplined expansion” through banks, companies, securities, credit and capital markets, and he framed Bitcoin’s base layer as “sacred infrastructure.”

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Cryptonews.net linked the essay to spot exchange-traded fund (ETF) outflows and a broader market sell-off that put “both major institutional channels under pressure.”

CoinDesk

The same report said spot Bitcoin ETFs posted weekly net outflows of $1.42 billion, $1.26 billion and $1 billion in the last three weeks of May, while the current week’s outflows have reached $1.4 billion so far.

It also said Strategy sold 32 Bitcoin to fund preferred stock dividends, its first sale since 2022, and that the move dented the “never sell” narrative.

In parallel, Cryptonews.net quoted Bitget Wallet research analyst Lacie Zhang saying the key question is not just whether $BTC holds $63K, but whether ETF flows stabilize, exchange reserves keep falling, and whale accumulation picks up.

TradingView said Bitcoin continued its steep fall on Friday, dropping to its lowest level since October 2024, and it reported the largest cryptocurrency by market cap fell about 5% to $60,750 after dipping earlier to $59,764.90.

It added that the move left Bitcoin down roughly 17% on the week and more than 52% below its peak of around $126,000 reached in October 2025, with weakness spilling over into crypto-related equities.

Cointelegraph

TradingView attributed the selling to a combination of selling pressure, weak market demand, and a shift in macroeconomic expectations, and it said the selling began after Michael Saylor’s Strategy sold a small portion of its Bitcoin holdings.

The article also said Bitcoin ETFs collectively posted a net inflow of only $3 million on Thursday, ending a streak of 13 straight sessions of outflows, and it reported total net assets of Bitcoin ETFs fell to $80.4 billion versus $107.8 billion on May 14.

CoinDesk, meanwhile, said major cryptocurrencies lagged a nine-week stock rally as ETF demand slowed, with Bitcoin, Ether and other large-cap tokens falling 2% to 6% amid a cooling of inflows into spot Bitcoin ETFs.

CoinDesk reported that the macro rally did not lift Bitcoin, and it said Brent crude settled near $92 amid hopes of a US–Iran ceasefire while the Iran deal still needs President Donald Trump’s signature.

“Spot Bitcoin ETF inflows and outflows in the last four weeks”

Cointelegraph

It also said TRON (TRX) posted its worst weekly decline among the top ten, down 5.6%, and that Hyperliquid’s HYPE token jumped 19.4% on the week to $65 as sentiment toward the asset continued to grow.

For dogecoin, Bitget said DOGE trades at $0.0827 on June 5, down 6.45% after breaking below the ascending channel that contained price since February, with attention turning to whether $0.067 becomes the next destination.

Bitget wrote that the breakdown candle cut through the 0.382 Fibonacci support at $0.09810, and it listed key levels including resistance at $0.10372 and support at $0.0800 and $0.067.

Bitget also quoted Ali Charts (@alicharts) saying “A breakdown, however, could expose the next major supply zone near $0.067,” after Ali Charts posted that $DOGE reached a $0.0883 downside target and was testing the lower boundary of the channel.