Bitcoin declined from $60,771 yesterday to $59,639 today, a drop of roughly $1,132 or 1.74% on the day, extending a 5.19% weekly decline.Not noise. Bitcoin hit 21-month lows at $58,000 driven by a 3-year-high PCE inflation print, $600 million in hourly liquidations, $469 million in ETF outflows, and a $10.6 billion quarterly options expiry with negative gamma. Near-term risk is materially elevated across every signal tracked today.
PCE inflation hit a 3-year high, reinforcing the rate-hold posture and removing the key macro catalyst that would support a BTC recovery in the near term.
Bitcoin touched $58,000 intraday, a 21-month low, with price now 8.03% below its 30-day average and sitting at the bottom of its 30-day range.
A record 10.83 million BTC are held at a loss while long-term holders control a record 14.8 million coins, a capitulation-phase divergence that has historically appeared near cycle inflection points.
Strategy's STRC preferred shares slid 26% below par and MSTR hit a 16-month low, constraining the primary institutional BTC accumulation vehicle that drove demand through 2024 and 2025.
Perpetual funding at minus 0.03 basis points and RSI at 30.31 signal overcrowded short positioning; at 979 EH/s, hashrate remains near all-time highs, confirming network security is unimpaired despite price weakness.
Market Snapshot
Market Cap
$1.20T
24h Volume
$41.16B
Dominance
55.8%
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