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Bitcoin Holders Slip Deeper Into Losses as Price Holds Near $62K

Bitcoin's sharp June selloff has pushed more holders into unrealized losses, with supply in profit falling to 55% after the drop into the low $62,000s. The decline accelerated from a deepening Kimchi premium discount of -3.6% on June 2, through a breach of $70,000 support and $1.84 billion in liquidations by June 3, to the $1.89 billion options expiry that handed bears control on June 5. The Fear & Greed Index has plunged to 11 (extreme fear), over 10.5 million BTC are now underwater, and prediction markets assign a 62% probability of a sub-$60,000 print this month amid $2.4 billion in May ETF outflows.

Category

Bitcoin

Sentiment

Bearish

Event

Market data

Reading time

1 min