💰 Woke up and 60K is gone again. BTC broke below the psychological 60K level once more, bottoming out at $59,023, a new low since October 2024!

BTC $BTC ‌ Breaking below 60K isn't the first time this year, but this time it's different—institutions are fleeing, retail is withdrawing, and even the biggest buyers are starting to feel pressure.


📉 Gold $XAU ‌ is worse, directly breaking below $4,000 for the first time since November 2025. From its January all-time high of $5,594, the drop is over 20%, entering bear market territory by market convention. Silver fell over 8% at one point. Crude oil crashed below $70. Only the US dollar index surged to a 13-month high. All safe-haven assets are falling; only the dollar is rising.
💥 What happened?
The hawkish shift after the new Fed Chair Warsh took office completely upended market expectations. BofA expects a 75bps rate hike this year, and market bets on a September hike are near 70%. In a rising interest rate environment, non-yielding assets like Bitcoin and gold are naturally being sold off.
ETFs have seen net outflows for six consecutive weeks, bleeding about $5.94 billion in 30 days, with total assets falling from $113B to $77.5B. Last night, nearly $800 million in long positions were liquidated across the market.
🪙 Now look at altcoins
· $SOL ‌ Consolidating around $67, with 24h high/low of $70.42-$64.65, volume 16.78M coins. Bollinger Bands are contracting, short-term direction unclear.
· $HYPE ‌ Around $63, down ~0.9% in 24h, high/low $64.28-$59.05. On the daily chart, resistance at $76 is heavy.
· $NES ‌ On the second day after listing, dropped from a high of $0.328 to $0.261, a decline of over 5%. New coins are volatile, be careful.
🤔 What's the outlook?
This is BTC's third time breaking below 60K this year. Unlike the first two times, this time it's a double whammy of institutional capital withdrawal + macro expectation shift. Some analysts say it could go to 40K, while some institutions think it can return to 100K by year-end. The key is this week's PCE data and the Fed's next statements.
The market is always changing; the only constant is—survive, and wait for the wind. 🧘
Follow me, and let's get through this bear market together. 👇
#BTC下探60000美元关键关口