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Bitcoin holds $62,500 but bearish signals grow as crypto market shows weakness and traders favor downside protection.

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

Bitcoin remains above $62,500 and ether near $1,665, but weak price action and growing bearish derivatives positioning indicate bears control the crypto market. Despite some altcoins like monero and jupiter gaining 2-4%, the lack of a strong bounce amid U.S. equity futures recovery is concerning. Bitcoin must hold $60,000 to avoid falling into a lower trading range seen since late 2024. Derivatives data shows increased short bets, with put-call skew widening sharply, signaling traders expect further downside. The strengthening U.S. dollar also pressures crypto prices, suggesting cautious investor sentiment ahead.

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