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Bitcoin may find a bottom near $53,600 as demand weakens, says CryptoQuant.

Market News
10 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

CryptoQuant reports Bitcoin's realized price at $53,600 as a potential bottom zone amid weakening demand. Bitcoin recently traded near $62,150 after dropping to around $59,000. Total Bitcoin demand contracted by 652,000 BTC last week, the largest since January 2022, with one-year demand growth turning negative. Institutional demand via ETFs also declined, marking the weakest since their January 2024 launch. Despite the price drop, realized losses have not reached capitulation levels, indicating many holders remain above water. CryptoQuant suggests that a sustained price recovery requires stronger demand, which is currently lacking.

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