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Bitcoin consolidates near $62,400 as selling pressure eases but buying demand remains weak

Market News
24 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin has dropped to around $62,400 amid significant selling and a sharp decline in derivatives exposure on major exchanges, especially Binance. While leverage pressure has eased and panic selling is slowing, spot trading volume remains low, indicating weak buying interest. This has led Bitcoin into a consolidation phase with reduced risk of liquidation but no strong signs of recovery or accumulation yet. The market awaits more conviction to drive a sustained rebound.

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