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Bitcoin faces potential drop below $59k amid weak U.S. investor interest and heavy derivatives liquidations.

Market News
26 Jun 2026, 05:30 WIB
AMBCrypto
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Bearish
Bitcoin faces potential drop below $59k amid weak U.S. investor interest and heavy derivatives liquidations.

Bitcoin saw $415.83 million in derivatives liquidations recently, mostly from long positions, as it tested a $59.1k low, signaling bearish pressure. The Coinbase Premium Index has been negative for over six weeks, indicating weaker enthusiasm from U.S. investors compared to global markets. Technical analysis suggests possible further declines to $55.5k or even $49.6k. Additionally, concerns about Strategy stock's heavy losses and potential spot Bitcoin selling to cover dividends and debt could worsen market sentiment and accelerate a market bottom before recovery.

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