Bitcoin2026-06-25 19:01:50Bitcoin Drops Below $60K: Institutional ETF Outflows and On-Chain Data Reveal Potential Support at $53,400Bitcoin continues to face downward pressure, breaking below the $60,000 threshold. Institutional ETF outflows, led by GBTC, are intensifying spot selling. On-chain data shows the realized price at approximately $53,400 emerges as a potential bottom zone, while short-term holder cost basis has dropped to $71,400, indicating new capital accumulation at lower prices. Macro headwinds from a strong U.S. dollar and stable Treasury yields add to the pressure. This article summarizes the market dynamics and key support levels based on MarsBit reporting.1800
Bitcoin2026-06-25 13:01:43Bitcoin Drops Below $60K: Institutional ETF Outflows and Spot Selling Dominate; On-Chain $53.4K Realized Price Signals Potential BottomBitcoin's price continues to weaken, falling below $60,000, primarily driven by persistent outflows from institutional ETFs (led by GBTC) and dominant spot selling pressure. On-chain data reveals the realized price at $53,400 as a potential bottom zone, while short-term holder cost basis has dropped to $71,400, indicating new accumulation at lower levels. Macro headwinds from a strengthening US dollar and steady Treasury yields are also weighing on Bitcoin.1830
