BTC update June 6, 2026: Bitcoin is testing $60K after a brutal stretch — down ~17% this week and ~26% over the past month. Current price sits near $60,800, which is ~52% below the Oct 2025 all-time high of $126,210.

Selling pressure is heavy with 1.26x more sellers than buyers, plus billions in ETF outflows. Strategy, the biggest corporate holder, just sold $2.5M in BTC for the first time since 2022. Fear & Greed Index dropped to 16 — extreme fear.

Key level to watch is $60K support. If it breaks, analysts are eyeing $54K as the next major defense. Trading activity is actually up 37% as investors react to the dip. With AI stocks and IPOs pulling attention away, crypto is fighting for momentum right now. #bitcoin $BTC