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Bitcoin Holds Above $63K as Liquidations Clear Leveraged Bets

Bitcoin stabilized above $63,000 on June 19 after volatile trading between $62,300-$63,300, following a failed rebound that briefly pushed prices above $67,000 mid-week on U.S.-Iran deal optimism and collapsing oil prices. The relief rally lost momentum as ETF outflows reached $4.4 billion, on-chain activity stayed weak, and capital rotated into AI stocks, causing BTC to decouple from the Nasdaq and slip 7% by June 18. Fresh $42.2 million in liquidations flushed leveraged positions while whale accumulation and modest inflows provided support, leaving price action dependent on Fed signals and sustained spot demand.

Category

Bitcoin

Sentiment

Neutral

Event

Market commentary

Reading time

1 min