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Published: 25 June 2026,06:46
Daily Market Analysis New
*Bitcoin dropped below the key $60,000 psychological level, hitting lows near $59,000, while Ethereum and major altcoins also declined sharply as risk-off sentiment intensified.
*Persistent inflation concerns, a stronger U.S. Dollar, elevated bond yields, and continued spot Bitcoin ETF outflows have increased selling pressure.
*With Strategy Inc. shares falling alongside Bitcoin and market sentiment deteriorating, near-term risks remain tilted to the downside.
The cryptocurrency market has experienced a sharp decline in recent sessions, with Bitcoin (BTC) dropping below the $60,000 level for the first time since late 2024, reaching lows near $59,000. Ethereum (ETH) and major altcoins followed suit, contributing to a contraction in total market capitalization from recent peaks. This sell-off reflects a combination of macroeconomic headwinds and sector-specific pressures.
Key macroeconomic factors include persistent inflation concerns and a hawkish Federal Reserve stance, with markets pricing in the possibility of higher-for-longer interest rates amid resilient U.S. economic data. A stronger U.S. Dollar and elevated real yields have increased the opportunity cost of holding non-yielding assets like crypto, amplifying risk-off sentiment amid lingering geopolitical uncertainties.
Bitcoin ETF flows have turned negative, with recent daily net outflows recorded across major spot products. While cumulative inflows remain positive over the longer term, short-term redemptions have added sustained selling pressure and reduced institutional support. While sentiment indicators have deteriorated sharply. The Crypto Fear & Greed Index has fallen into “Extreme Fear” territory, currently around 12–17, signaling widespread capitulation and oversold conditions.
Corporate exposure has also come under scrutiny. Strategy Inc. (formerly MicroStrategy, ticker: MSTR) shares have declined significantly in tandem with BTC, falling over 9% in recent sessions amid broader concerns over liquidity and the company’s leveraged Bitcoin strategy, despite continued accumulation of BTC holdings.
The near-term outlook remains challenging but potentially sets the stage for contrarian opportunities. Elevated volatility is expected, with support for BTC around $56,000–$58,000. Any de-escalation in macro pressures or positive ETF flow reversal could aid stabilization, though hotter-than-expected inflation data may prolong the downtrend. Investors should exercise caution given the high-risk environment.
Technical Analysis
Bitcoin has fallen to its lowest level since late 2024, highlighting the strength of the current bearish momentum and reinforcing the broader downtrend that has dominated recent price action. The sharp decline suggests that sellers remain firmly in control, with market sentiment continuing to favor the downside.
Despite the prevailing bearish trend, a bullish engulfing candlestick pattern has emerged on the latest price action. This formation is often viewed as an early indication that buying interest may be returning to the market and that a short-term technical rebound could be developing. However, while the pattern provides a constructive signal, it remains insufficient on its own to confirm a lasting trend reversal.
The key level to watch is the previous liquidity zone near $62,500. This area now serves as a critical resistance level and will likely determine whether Bitcoin can stabilize and recover from its recent losses. A sustained move back above this zone would strengthen the case for a broader rebound and suggest that buyers are beginning to regain control.
However, if BTC fails to reclaim and hold above the $62,500 resistance area, the bullish engulfing pattern may prove to be nothing more than a temporary pause within the broader downtrend. In that scenario, selling pressure is likely to persist, keeping the bearish structure firmly intact. Should the current downtrend continue, the next major downside target is located near the $58,000 level. This support zone could become the next focal point for market participants and may serve as a key area where buyers attempt to stabilize the market.
Resistance Levels: 63,174.70, 65,783.65
Support Levels: 60,274.10, 57,975.80
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