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Bitcoin dips below $60,000 as whales sell 45,074 BTC, signaling short-term market pressure.

Analyst Insights
25 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin's price fell below $60,000 for the first time since October 2024, dropping to $59,280 before recovering to around $61,682. This decline is largely attributed to large holders (whales) selling 45,074 bitcoins in eight days, increasing supply and pressuring prices. Analysts warn that if Bitcoin breaks the $60,000 support level, further steep drops and panic selling could occur, but a market bottom may form in 3-4 months, offering strong buying opportunities. Despite ongoing losses and market fragility, early signs suggest Bitcoin might be nearing a bottom rather than entering a new capitulation phase.

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