Bitcoin price crash puts $60K support back in the spotlight

Bitcoin traded near $61,925 on June 5 as selling pressure pushed it close to the $60,000 support zone. BTC was down 3.44% over 24 hours and 15.82% over seven days, trading between $61,394 and $64,353 with 24‑hour volume of $56.21 billion. The move follows losses of the $65,000 and $70,000 ranges and a sharp drop from last week’s levels above $74,000, leaving Bitcoin more than 50% below its October 2025 all‑time high of $126,080.

Weak ETF demand and a rare corporate sale have added to the pressure. U.S. spot Bitcoin ETFs recorded 13 consecutive days of net outflows before a $3.05 million inflow on June 4, while total net assets stood near $80.40 billion and cumulative net inflows remained about $54.27 billion.

Strategy sold 32 BTC at an average of $77,135 between May 26 and May 31, raising roughly $2.5 million—its first sale since 2022 and notable because Strategy had been a steady buyer in past stress periods. Large holders have moved more coins onto exchanges, increasing short‑term selling risk.

United States

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