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Bitcoin shows signs of capitulation but lacks demand for a true market bottom.

Market News
29 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Bitcoin holders with short-term positions are selling at a loss, signaling capitulation typical in late bear markets. Miners face pressure as production costs exceed market prices, and Bitcoin's price consolidates near $60k, suggesting a potential bottom. However, exchange reserves are rising, indicating that demand hasn't absorbed the increased supply yet. Without a drop in exchange balances and stronger buying, the market bottom and new all-time highs remain uncertain.

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