Bitcoin is trading just above $62,000 and about $2,700 above the $60,000 round number that has become the next obvious test on the way down.
The price is now down close to 16% from last week’s $74,000-plus levels, with most of the damage coming in the past three sessions as AI trading rolled over globally.
A break of $60,000 would bring bitcoin back to the territory it last visited during the February draw, with the next technical support closer to $55,000.
The supports that held bitcoin through previous 2026 draws are no longer in place. US spot bitcoin ETFs have logged 15 consecutive sessions of net outflows totaling more than $4.7 billion.
Strategy revealed its first bitcoin sale since 2022 earlier this week, no longer acting as the marginal corporate buyer that absorbed sales through 2024 and 2025.
