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Bitcoin price drops below $67K amid heavy whale selling and extreme market fear

Technical Signals
03 Jun 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin's price fell to around $66,989 after an eight-week decline, pressured by significant selling from large holders (whales and sharks) who dumped over 24,600 BTC last week. Market sentiment is at extreme fear levels, with the Fear and Greed Index at 11, reflecting cautious trading and risk reduction. Smaller holders have slightly increased their holdings, but the overall market remains fragile, with key support near $65,000. Technical indicators suggest a possible rebound if oversold conditions hold, but a break below support could push prices toward $60,000.

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