Bitcoin's price has recently fallen below $63,000, marking a significant decline from its previous levels. This drop follows a steady decrease in Bitcoin held on exchanges, with approximately 250,000 BTC leaving since U.S. Bitcoin ETFs started trading on January 10. The price dip has triggered a spike in long liquidations and a slowdown in large whale transactions, which have dropped by 42%. Cryptocurrency analysis firm CryptoQuant notes that Bitcoin's price has fallen past the point where short-term holders sold at a profit, suggesting potential further declines. On June 23, Bitcoin struggled to maintain its position above $64,000, fluctuating between $63,868 and $64,495. In the last six sessions of spot Bitcoin ETF trading, each day saw outflows.
Bitcoin Plunges Below $63,000 as Markets Tumble βΊ https://t.co/asR9hluUvw https://t.co/asR9hluUvw
#Bitcoin falls below $63K as whale transactions drop 42%. A significant slowdown in $100K+ trades raises questions. Whatβs your take on this market shift? https://t.co/abyiJ3KlyP
the reaction from memes to bitcoin losing $64k was not nearly as significant as the reactions to loss of prior support levels actually, the reaction has even been "minimal," i'd say you would think that to be a time for a significant reaction, but no that speaks volumes https://t.co/wVfHVZbhUv
Bitcoin is trading at $62,800 Stop acting like we just broke $20k What the fck is wrong with twitter sentiment ? Everyone is just sad. This is a sideways part of the cycle. We go up - then we dump - then we trade sideways for sometime and then again we go up. Patience.
Bitcoin price slides below $63,000, triggering a spike in long liquidations https://t.co/IphFzV1Rbo
Bitcoin's falls below the $63,000 mark shows the asset is oversold https://t.co/E6EMbNrFrJ
$BTC has dropped below $63K π https://t.co/1qvzPCefmc
#Bitcoin is now below $63K Where do you see the crypto market going next? https://t.co/JF40M2ksDV
BREAKING: $BTC DROPS BELOW $63K https://t.co/jqLpjaveQq
#BTC is trading at $63,600 right now π Will $BTC dip further to $60k or is the bottom in here? π
π§΅On Sunday at 4 p.m. EDT on June 23, #bitcoin (BTC) struggled to maintain its position above the $64,000 mark, fluctuating between $63,868 and $64,495 per unit over the past day. In the last six sessions of spot bitcoin exchange-traded fund (ETF) trading, each day saw outflows.
Why is Wall Street selling? Bitcoin ETF outflows π https://t.co/lF8A2qYgMS
Bitcoin is down 13% from its all-time highs. Why is everyone so upset? Because most of the altcoins and memecoins theyβve been buying have collapsed so hard theyβd need a 200-300% markup to reach the prices they traded at only 3 months ago.
Bitcoin held on exchanges continues to drop steadily π U.S. Bitcoin ETFs started trading on January 10. Since then, approx 250,000 BTC has left the exchanges https://t.co/rYiPhJGhmH
Bitcoin recently dropped below $64,000, breaking its short-term holder realized price. This signals a potential further decline to levels not seen in 49 days, according to cryptocurrency analysis firm @cryptoquant_com. https://t.co/rTMimUXPg0
[CRYPTOQUANT] The price of #Bitcoin dipped below $64,000, falling past the point where short-term holders sold at a profit. This suggests that #BTC may fall even further, reaching prices not seen in nearly two months https://t.co/BwqEMNZ4qc