Bloodbath: $6 billion lost in six weeks! $BTC falls below $60k!

Bitcoin officially lost the $60k mark, hitting a low of $58,115! Over the past six weeks, US spot Bitcoin ETFs have seen net outflows of approximately $6 billion, setting the longest consecutive weekly losing streak since the product's launch in 2024. BlackRock's IBIT dumped $1.3 billion in a single week, accounting for over 70% of the industry-wide outflows.
Technical Analysis: Double top confirmed, bears are crushing everything!
On the daily chart, the $65,600 level forms a double top structure, moving averages are bearishly aligned and suppressing price, Bollinger Bands are opening downward, and price is running along the lower band. On the hourly chart, consecutive large bearish candles with high volume are plunging, Bollinger Bands are opening downward, and the center of gravity continues to decline. Every time there is a rebound above $59,600, concentrated selling pressure appears. This is not a bottom; it's a continuation pattern for the decline!
Long Liquidation Nuclear Bomb:
If BTC falls below $56,975, the cumulative long liquidation intensity on major CEXs will reach $684 million! Meanwhile, breaking above $62,519 would trigger $897 million in short liquidations—the downside space is far greater than the upside, and the probability of longs collapsing first overwhelms shorts! In the past 24 hours, long positions were liquidated for $140 million, while shorts only $35.42 million.
Trading Strategy:
Aggressive: Short near current price $60,200-$60,400
Conservative: Wait for a rebound to $60,700-$60,900 before going short
Follow institutional fund flows; don't be fooled by weak bounces!
‍#Saylor暗示增持BTC #Solana生态ANSEM暴涨