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4 Jun 2026, 14:23

Bitcoin price hits 200-week trendline amid record ETF outflows and liquidations

Bitcoin is trading near one of its most closely watched long-term technical levels after a sharp selloff pushed the cryptocurrency toward the low-$60,000 region. The decline comes at a time when spot Bitcoin exchange-traded funds (ETFs) are experiencing an extended period of capital outflows , while liquidations across the crypto market have surged to their highest levels in months. At the time of writing, Bitcoin BTC was trading at around $63,226, down 5% over the past 24 hours and 13.4% over the previous seven days. Earlier today, the digital asset briefly fell to $61,556, bringing it into contact with the 200-week simple moving average, a technical indicator that has historically played a significant role during major market downturns. Bitcoin ETF outflows hit $3 billion One of the biggest challenges facing Bitcoin is the persistent withdrawal of capital from spot Bitcoin ETFs. The market has recorded an unusually long streak of ETF outflows, marking the weakest period for institutional demand since spot Bitcoin ETFs became a major source of buying activity. According to Coinglass data , Bitcoin ETFs have recorded more than $3 billion in net outflows over the past 10 days. During the rally that pushed Bitcoin to record highs in 2025, ETF inflows helped absorb large amounts of supply entering the market. That trend has now reversed. The prolonged outflow cycle has reduced a key source of demand at a time when market sentiment has already weakened. Institutional investors who previously provided steady buying support have become more cautious as broader financial markets navigate uncertainty surrounding interest rates, economic growth, and risk assets. Liquidations accelerate the decline The selloff has also been amplified by heavy liquidation activity across the cryptocurrency market. As Bitcoin dropped toward $61,500, leveraged traders were forced out of positions at an increasing pace. Over the past 24 hours, more than $822 million worth of long positions have been liquidated according to Coinglass . Liquidations occur when traders using borrowed funds can no longer meet margin requirements, triggering automatic position closures by exchanges. The latest wave of liquidations ranks among the largest seen in the market in several months. The forced selling created additional downward pressure on Bitcoin and other digital assets, accelerating losses during periods of heightened volatility. As prices fell, forced selling added to the downward pressure, triggering further liquidations and creating a self-reinforcing cycle. The feedback loop intensified market weakness and pushed Bitcoin toward key support levels faster than many traders had expected. The sharp decline has also led to growing debate about whether Bitcoin is entering a deeper phase of its current market cycle or approaching a major bottoming area. 200-week trendline comes into focus While ETF outflows and liquidations have dominated headlines, technical analysts are paying close attention to Bitcoin's interaction with the 200-week moving average. Bitcoin price tested the 200-week simple moving average The indicator is currently positioned around $61,840 and has historically served as one of Bitcoin's most important long-term support levels. During previous bear markets, Bitcoin eventually found stability around this trendline before beginning longer-term recoveries. The significance of the current test is difficult to ignore, as it comes after months of declining prices and weakening sentiment. At the same time, several momentum indicators have fallen to levels not seen in years, highlighting the extent of the recent selloff. The market is now closely watching whether Bitcoin can maintain support above the trendline. Holding above this area would keep attention focused on a potential stabilization phase. However, a decisive break below the trendline would likely shift attention toward lower support zones beneath the $60,000 mark. The post Bitcoin price hits 200-week trendline amid record ETF outflows and liquidations appeared first on Invezz

4 Jun 2026, 14:20

Bankless Co-Founder: Bitcoin Unlikely to Break Below 200-Week Moving Average

BitcoinWorld Bankless Co-Founder: Bitcoin Unlikely to Break Below 200-Week Moving Average David Hoffman, co-founder of the popular crypto media platform Bankless, has weighed in on Bitcoin’s recent price action, stating that the leading cryptocurrency is unlikely to fall below its 200-week moving average. In a post on X, Hoffman analyzed the current market conditions and drew a sharp contrast with the devastating crypto crisis of 2022. Historical Context: The Only Previous Breach Hoffman noted that the only time Bitcoin traded below its 200-week moving average was during the immediate aftermath of the successive collapses of Terra, Three Arrows Capital (3AC), and FTX. He described that period as “the worst crisis contagion in crypto history,” a time when systemic risk spread across the entire ecosystem, erasing billions in value and shaking investor confidence to its core. The 200-week moving average has historically acted as a strong support level during bull markets and a key floor during corrections, making any sustained break below it a significant bearish signal. Comparing Current Fears to 2022 Hoffman directly addressed concerns surrounding Michael Saylor’s Strategy (formerly MicroStrategy) and its STRC perpetual preferred stock issuance. Some market participants have speculated that this financial instrument could introduce new selling pressure on Bitcoin. However, Hoffman dismissed these fears as not being of the same magnitude as the 2022 crisis. He argued that the current market structure is fundamentally different, with stronger institutional adoption, more mature infrastructure, and a less leveraged system compared to the cascading defaults seen during the Terra and FTX collapses. Why This Matters to Investors The 200-week moving average is one of the most widely watched technical indicators in the Bitcoin market. For long-term holders, a break below this level has historically signaled extreme fear and capitulation. Hoffman’s analysis suggests that while short-term volatility is possible, the conditions for a repeat of the 2022-style collapse are not present. His comments provide a measured perspective amid ongoing market uncertainty, reinforcing the idea that Bitcoin’s long-term trend remains intact despite periodic drawdowns. Conclusion David Hoffman’s assessment offers a sobering but not alarmist view of Bitcoin’s current price trajectory. By grounding his analysis in historical precedent and distinguishing today’s market from the crisis of 2022, he provides readers with a framework for understanding the significance of the 200-week moving average. While no prediction is certain, the co-founder’s remarks underscore the resilience of Bitcoin’s long-term support levels in the face of evolving market narratives. FAQs Q1: What is the 200-week moving average for Bitcoin? The 200-week moving average is a long-term trend indicator calculated by averaging Bitcoin’s closing price over the past 200 weeks. It is widely used by analysts to gauge the overall health of the market and identify key support or resistance levels. Q2: Why is the 2022 crisis relevant to this analysis? Hoffman references the 2022 crisis because it was the only time Bitcoin traded below its 200-week moving average. The collapse of Terra, 3AC, and FTX created a systemic contagion that forced a market-wide deleveraging, providing a historical benchmark for extreme bearish conditions. Q3: What is Michael Saylor’s STRC perpetual preferred stock? STRC is a perpetual preferred stock issued by Strategy (formerly MicroStrategy) to raise capital for purchasing Bitcoin. Some investors worry that the structure of this instrument could lead to forced selling of Bitcoin, but Hoffman argues the risk is not comparable to the 2022 crisis. This post Bankless Co-Founder: Bitcoin Unlikely to Break Below 200-Week Moving Average first appeared on BitcoinWorld .

4 Jun 2026, 14:15

Bitcoin Breaks $64,000: What’s Driving the Latest Price Surge

BitcoinWorld Bitcoin Breaks $64,000: What’s Driving the Latest Price Surge Bitcoin has climbed above the $64,000 mark, according to market monitoring data from Bitcoin World. The leading cryptocurrency is currently trading at $64,090.88 on the Binance USDT market, marking a notable upward move in a week that has seen renewed interest across digital assets. Market Context and Price Action The breach of $64,000 represents a significant psychological level for traders and investors. The move comes amid a broader recovery in the cryptocurrency market, with several major altcoins also posting gains. While the exact catalyst for the latest push remains multifaceted, analysts point to a combination of factors including increased institutional buying, positive regulatory developments in key markets, and a general improvement in risk appetite among global investors. On-Chain and Exchange Data Data from on-chain analytics platforms suggests that the recent price increase has been accompanied by a notable reduction in Bitcoin held on exchanges, a pattern often interpreted as a sign of accumulation by long-term holders. The current trading volume on Binance and other major exchanges is consistent with a genuine market move rather than a low-liquidity spike, lending credibility to the breakout. Implications for Traders and Investors For traders, the $64,000 level now serves as a key support zone. A sustained hold above this price could open the path toward testing the all-time high range. However, market participants should remain cautious of potential profit-taking, as rapid upward moves often invite short-term volatility. For long-term investors, the move reinforces the narrative of Bitcoin’s resilience and its ongoing adoption as a store of value. Conclusion Bitcoin’s rise above $64,000 is a significant market event, reflecting renewed confidence in the digital asset space. While the immediate future remains dependent on broader macroeconomic factors and market sentiment, the current price action suggests a healthy, demand-driven rally. Bitcoin World will continue to monitor these developments as they unfold. FAQs Q1: What is the current price of Bitcoin? As of the latest data, Bitcoin is trading at $64,090.88 on the Binance USDT market. Q2: Why is Bitcoin’s price going up? The move is attributed to a combination of institutional buying, positive regulatory news, and broader market recovery, though no single catalyst is definitive. Q3: Is this a good time to buy Bitcoin? Market timing is inherently uncertain. Investors should conduct their own research, consider their risk tolerance, and consult a financial advisor before making investment decisions. This post Bitcoin Breaks $64,000: What’s Driving the Latest Price Surge first appeared on BitcoinWorld .

4 Jun 2026, 14:10

Tom Lee’s $250,000 Ethereum Prediction Lacks Data Support, CoinDesk Analysis Finds

BitcoinWorld Tom Lee’s $250,000 Ethereum Prediction Lacks Data Support, CoinDesk Analysis Finds A bold prediction by Tom Lee, Chairman of Bitmine, that Ethereum could reach $250,000—representing a roughly 50-fold increase from current levels—has been met with skepticism from market analysts at CoinDesk, who argue the forecast lacks substantive data support. Breaking the ‘Ultrasound Money’ Narrative CoinDesk’s analysis points to a critical flaw in the bullish thesis: Ethereum’s supply is no longer deflationary. Data shows the network’s supply is increasing at an annual rate of 0.82%, effectively breaking the ‘ultrasound money’ narrative that had underpinned much of the asset’s long-term value proposition. For a price surge of this magnitude to materialize, it would need to be driven entirely by a massive, unprecedented increase in demand—a scenario for which no current market data provides evidence. Questioning Corporate Validation Arguments Lee had argued that increasing corporate control over network validation by firms like Bitmine and Sharplink—which together hold approximately 7% of the circulating ETH supply—would act as a catalyst. CoinDesk challenges this logic, noting a fundamental distinction between holding tokens and actively validating the network. The decentralized liquid staking protocol Lido alone validates more of the 39.25 million staked ETH than all publicly listed companies hold combined, undermining the claim that corporate dominance is a meaningful driver. The ETH/BTC Ratio Hurdle Perhaps the most significant obstacle, according to the analysis, is the ETH/BTC trading pair. For ETH to reach $250,000, the ratio would need to surpass its previous all-time high of 0.15 by more than 25 times. CoinDesk emphasizes that no current market data or trend analysis suggests such a reversal is underway, making the prediction appear disconnected from observable market dynamics. Conclusion While bold price predictions often generate headlines, the CoinDesk analysis underscores the importance of grounding forecasts in verifiable on-chain and market data. The broken deflationary narrative, weak corporate validation arguments, and the immense ETH/BTC ratio hurdle collectively suggest that Lee’s $250,000 target remains a speculative outlier rather than a data-driven projection. For investors, the analysis serves as a reminder to critically evaluate the assumptions behind high-profile price calls. FAQs Q1: What is the ‘ultrasound money’ narrative for Ethereum? It was the belief that Ethereum’s supply would become deflationary after the Merge, meaning the total supply would decrease over time, potentially increasing scarcity and value. The current 0.82% annual supply increase contradicts this. Q2: Why is the ETH/BTC ratio important for this prediction? The ETH/BTC ratio measures Ethereum’s price relative to Bitcoin. A $250,000 ETH would require the ratio to exceed its all-time high by over 25 times, implying an unprecedented shift in market preference away from Bitcoin. Q3: Does holding ETH equate to network validation? No. Holding ETH is simply owning the asset. Network validation involves staking ETH and running a node to process transactions. Many holders do not validate, and large validators like Lido are decentralized protocols, not single corporate entities. This post Tom Lee’s $250,000 Ethereum Prediction Lacks Data Support, CoinDesk Analysis Finds first appeared on BitcoinWorld .

4 Jun 2026, 14:00

Decoding Worldcoin’s rebound – Can WLD retest $0.45 next?

Worldcoin outperformed the market as AI-driven demand and trading activity surged.

4 Jun 2026, 13:55

Dogecoin slips below $0.09 again! Is this record-breaking price prediction realistic?

🚨 DOGE slipped below the key $0.09 mark again and caught traders' attention. 📈 Some projections go as far as $20 for $DOGE, referencing historic bull runs. 🧠 In each cycle, $DOGE displayed explosive growth but heavy resistance zones remain in play. Continue Reading: Dogecoin slips below $0.09 again! Is this record-breaking price prediction realistic? The post Dogecoin slips below $0.09 again! Is this record-breaking price prediction realistic? appeared first on COINTURK NEWS .