Bitcoin2026-07-24 02:40:16Deribit Exec Warns of Cascading Liquidations as Bitcoin Nears $60KBitcoin's price is nearing the critical $60,000 support. A Deribit executive warns that a break below could trigger forced selling due to institutional cost basis issues, maker hedging, and leveraged long liquidations.380
Bitcoin2026-06-28 16:01:00Bitcoin Falls Below $60K Again: ETF CapEx Drain and Rate-Hike Fears Drive 20-Month LowBitcoin briefly dropped to $59,023, its lowest since October 2024, before recovering to ~$60,600. The decline is driven by a record six-week net outflow from U.S. spot Bitcoin ETFs, totaling $5.94 billion in 30 days, with BlackRock’s IBIT seeing a single-day record $528 million outflow. Macro headwinds include stronger-than-expected U.S. job openings (7.62M) pushing the 10-year yield above 4.45%, and Fed officials signaling possible rate hikes. Market confidence is shattered as the bullish rate-cut narrative reverses. The next CPI data will be crucial in determining whether BTC can hold the $60K line or slide further.1360
Bitcoin2026-06-27 14:01:21Bitcoin Drops Below $60,000 to 20-Month Low as ETF Outflows and Macro Reversal BiteBitcoin briefly fell below the critical $60,000 support level on June 27, 2026, hitting a low of $59,023 — its lowest since October 2024. The decline, the third breach of $60,000 this year, is driven by two major forces: the longest continuous net outflow streak for U.S. spot Bitcoin ETFs, with $5.94 billion exiting in 30 days (including a record $528 million single-day outflow from BlackRock’s IBIT), and a sharp reversal in macroeconomic expectations. U.S. job openings surged to 7.62 million, pushing the 10-year Treasury yield above 4.45%, while Cleveland Fed President Beth Hammack hinted at possible rate hikes. The CME FedWatch now prices in over 50% probability of a rate hike by year-end. With the 2025 bull run built on rate-cut expectations, the unwind pressures risky assets like Bitcoin. All eyes now turn to upcoming CPI data; a hotter-than-expected print could push BTC below $60,000 decisively.1430
