-
Bitcoin drops below $65K amid reinforced bear market signals
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean. Glassnode noted that a key shift in market structure has also emerged. The Short-Term Holder (STH) cost basis has now fallen below the True Market Mean for the first time since January 2022, signaling weaker conviction among newer investors. "This configuration indicates that new buyers are accumulating below the market's key mean valuation level, a hallmark of a ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cointelegraph.com | Jun 4, 2026
Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next. Data from TradingView shows that for the first time since 2023, BTC/USD is back at its 200-week simple moving average (SMA). The 200-week SMA is a key yardstick during Bitcoin bear markets. The trend line, which has only ever ...
From financemagnates.com | Jun 4, 2026
Bitcoin (BTC) traded near $61,300 on Thursday, June 4, 2026, its lowest level since February 6, after a three-session decline of about 13% pushed the cryptocurrency to the floor of its 2026 consolidation. My Bitcoin technical analysis reads the move as a test of long-standing support rather than a fresh trend, because a sharp intraday reversal lifted price ...
From financefeeds.com | Jun 4, 2026
Bitcoin has fallen more than 16% over the past month while the S&P 500 has gained about 5%, creating one of the clearest recent divergences between crypto and U.S. equities. The move has challenged the view that Bitcoin should reliably trade as a high-beta extension of the technology-led risk rally, especially during periods when major stock indexes are ...
