Bitcoin returned from around $6.45 million on the 23rd of June, with a minimum touch of $61.99 million, and was subsequently stabilized in the vicinity of $62,000. The continued outflow of ETFs, the general weakness of risk assets and the centralization of derivative markets have significantly increased the pressure on short-term sales.

Over $600 million in 24-hour liquidation.

Derivatives markets magnified the downturn. The data show that over the past 24 hours the encrypted market has been liquidated for over $600 million, most of which are multi-head positions. At the same time, the Coinbase premium continued to be negative, indicating a weak buyout in the United States market.

In the United States, real bitcoin ETFs also entered a long-term net outflow round this year, weakening the important carrying power of the spot market. Against the backdrop of a decline in external risk preferences, the charge of the currency is more pronounced.

Sixty thousand dollars is a key support.

Markets now focus on 60,000 to 606 million regions. According to analysts, this zone is the most important short-line support in the near future, and if it fails, the June low point will again be tested at approximately $59,000.

According to a chain analyst, between 60,000 and 63 million United States dollars (US$) cumulatively concluded more than 1.3 million BTCs, one of the most intensive of these now. This means that the region is both an important anchor and the most contested place.

Look down at $5.75 million.

The CoinGlass liquidation heat has attempted to show that between $63,000 and $65,000 have gathered more leverage positions, and that there is also a significant settlement-intensive area near $6.15 million and $60,000, and that fluctuations may be exacerbated if prices continue to be close to these locations.

In terms of technology, the short-line movement was weaker after Bitcoin fell by about $63,000. The next target is estimated to be approximately $575 million. If the price is repositioned at $63,000, there may be retrenchment pressure on an empty warehouse position near $65,000 above.