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Bitcoin retests June low after $850M liquidations rock crypto market

Bitcoin retests June low after $850M liquidations rock crypto market

Bitcoin has fallen below $60,000 for a second time this month, triggering more than $850 million in crypto liquidations and sending Strategy shares to an intraday low of $92.28 as investors reacted to mounting pressure across digital assets and technology stocks.

Summary

  • Bitcoin fell below $60,000 for the second time in June, triggering more than $850 million in crypto liquidations.
  • Technical indicators show BTC retesting June support near $59,200 after losing a key Fibonacci retracement level.
  • Strategy shares dropped as much as 11% intraday, while crypto stocks and miners sold off alongside weakening ETF flows.

According to data from crypto.news, Bitcoin (BTC)…

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