#Bitcoin dropped below $62,000 on June 9, down approximately 14% on the week and back at levels last seen in September 2024. Wintermute warned the decline could accelerate if $60,000 fails to hold, noting that Bitcoin spent very little time building support in the $50,000 to $59,000 zone on the way up last year,meaning there is minimal buyer concentration to absorb selling pressure in that range if price reaches it.
The Short-Term Holder Whale unrealized loss figure of $16.4 billion is the deep...