Bitcoin's $63K Reclaim Liquidates $540M in Crypto Shorts, a 7-Week High
Experts remain cautious of Bitcoin’s weekend rebound to $63,000, pointing to ETF outflows and CME BTC volatility.
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Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins. Bitcoin Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin has followed a repeating pattern across major market cycles, where strong rallies are followed by very deep price declines. In previous cycles, Bitcoin fell about 83.90% after the 2017 peak and about 77.91% after the 2021 peak. These past moves are used as a guide for understanding the current market structure. Related Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When Price Will Rally To $300 In the present cycle, Bitcoin climbed above $120,000 during the 2025 bull run before entering a decline. At the time of the analysis
Read full articleExperts remain cautious of Bitcoin’s weekend rebound to $63,000, pointing to ETF outflows and CME BTC volatility.
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Strategy has added 1,550 bitcoin to its treasury for approximately $101 million, bringing its total holdings to 845,256 BTC and its USD reserve to $1.0 billion. Executive Chairman Michael Saylor disclosed the purchase on X on June 8, 2026, sharing the company’s updated reserve figures. The announcement came exactly one week after Strategy’s first disclosed […]
Analysts have outlined numerous times in the past week the significance of that one minor sale. But, that narrative could evaporate if Strategy keeps buying.