cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin’s June Bloodbath Explained: Causes, Market Impact, And Outlook

-

by

cryptd.in
in

Bitcoin’s price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region.

According to the renowned analyst, Bitcoin’s struggles are part of a broader market-wide risk-off move in the US financial markets. In an X post on June 6, Adler Jr. explained that the Bitcoin market turmoil began following the release of stronger-than-expected US labor market data. The US economy reportedly added 172,000 jobs in May, significantly above forecasts of 88,000. Generally, rising employment is viewed as a positive economic signal. However, with inflationary pressures remaining elevated and energy prices still relatively high, investors interpreted the report differently.

According to Adler Jr., the stronger labor market reinforced expectations that the US Federal Reserve is likely to adopt a restrictive monetary policy. Therefore, expectations for future rate hikes rose from 40% to 57%. The impact was felt across multiple asset classes. In the trading session on June 5, approximately $2.5 trillion was reportedly erased from major financial markets, including the S&P 500 ($1.14 trillion), Nasdaq ($1.11 trillion), gold ($1 trillion), silver ($280 billion), and Bitcoin ($80 billion).

관련 읽기: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff

Bitcoin Remains In Danger Of Excessive Leverage Despite Decline

Beyond macroeconomic factors, Adler Jr. also highlighted the excessive leverage in the Bitcoin market. Notably, funding rates have remained positive throughout the decline, indicating that traders continued paying premiums to maintain long positions even as prices moved lower. Such conditions often signal excessive bullish positioning but pose a serious risk of forced liquidations if the decline persists. 

At the same time, Bitcoin open interest remained elevated, as the 30-day open interest change peaked at 14.1% on June 3, then eased slightly to 8.4% by June 6. The market expert explains that such movement indicates that leverage had accumulated rapidly during the decline before being forced out.

In other layers of the market, US Bitcoin spot ETFs recorded approximately $1.40 billion in weekly net outflows, removing an important source of demand to become part of the selling pressure. Meanwhile, Adler Jr. highlights an increase in exchange inflows as Bitcoin’s seven-day exchange netflow average climbed to 10,200 BTC on June 2, then retraced to around 6,200 BTC. Historically, rising exchange balances are often associated with increased sell-side activity.

Bitcoin Outlook Hinges On Vital $60,000 Support

At press time, Bitcoin trades at $61,593, reflecting a 1.95% gain in the past day. According to Adler Jr., the key market level is $60,000, representing the current cycle low. The market analyst states it’s important that several market segments, i.e., ETF outflows, exchange inflows, and the futures market cool down before a price break occurs below $60,000, to avoid another cascading effect.

비트코인

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (445) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (73) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.