Bitcoin slid under $58,000 on June 30, closing out its worst quarter in years as quarter-end selling, sustained ETF outflows, and fresh anxiety over Strategy Inc.’s pivot dragged the token to a 34% year-to-date loss.
Key Takeaways:
Bitcoin fell below $58,000 on June 30, its first trip under $60,000 since 2024, extending 2026 losses to 34%.A Strategy financing overhaul, $950 million Mt. Gox wallet move, plus continued ETF outflows have fueled the drop.Third-quarter direction hinges on whether spot demand stabilizes.Over the preceding 24 hours, forced selling wiped out about $91.5 million in long positions against just $12.7 million in shorts, a lopsided ratio revealing just how heavily traders had bet on a rebound.
