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#BTC Bitcoin (BTC), the largest asset in the cryptocurrency market, experienced one of the sharpest monthly declines in recent years, losing about 18.5% in value in June. As Bitcoin struggles to hold the $60,000 level, eyes now turn to July, with technical indicators and past performance under close scrutiny by investors.
Bitcoin recorded one of its steepest monthly declines since mid-2022, losing about 18.5% in value in June.
The price movement around the $60,000 level, seen as psychological support, has caused a cautious outlook to persist in the markets.
NOTABLE SHORT POSITION CONCENTRATION IN THE LIQUIDITY MAP
As selling pressure continues, the BTC/USDT liquidation heat map indicates a dense clustering of short positions just above the current price level.
Analysts state that this concentration raises the possibility of a short squeeze that could trigger sharp upward price movements.
NOT INVESTMENT ADVICE