BitMart Market Daily Report (June 26)

ME News, June 26 (UTC+8), according to BitMart market observation, BTC is currently reported at approximately $59,901, with an intraday high of about $61,844 and a low of about $58,189; ETH is reported at approximately $1,556.88, with an intraday high of about $1,655.96 and a low of about $1,515.45; XRP is reported at approximately $1.035, with an intraday high of about $1.087 and a low of about $1.011. Overall, mainstream assets continued to decline today, with BTC breaking below $60,000 and maintaining weak consolidation, ETH falling back below $1,600, and XRP also dropping to near $1.04. Short-term market risk appetite remains clearly weak.

BTC once dipped to near $58,000 today, indicating that after the $60,000 mark was broken, short-term selling pressure has not been fully released. ETH's decline was relatively more pronounced, with its intraday low approaching $1,500, showing weak willingness to absorb high-volatility mainstream assets. XRP also fell back to near $1.01, and although there was no independent accelerated decline, it still weakened following the overall market. The current market is still in a weak repair phase after the decline, with capital mainly focusing on defense and reducing exposure.

From the derivatives market, the BitMart BTC perpetual funding rate is currently 0%, a neutral rate. This data indicates that long and short forces in the derivatives market are basically balanced, with neither obvious long overcrowding nor extreme short suppression. Combined with the fact that BTC has not seen a strong rebound after breaking below $60,000 today, the current market pressure mainly comes from spot-side selling pressure and a decline in external risk appetite, rather than being driven by a single leveraged direction.

BitMart X Insight: Real-time ETF data shows that over the past 24 hours, crypto ETFs have seen a net outflow of approximately $780 million, indicating that institutional funds are still in a net redemption state, putting pressure on the rebound of BTC and ETH. On the macro level, the yield on the 10-year U.S. Treasury fell to around 4.38%, which theoretically helps ease valuation pressure, but the U.S. dollar index remains above 101, and the market remains cautious about the Fed's future policy path. Meanwhile, the tech sector in U.S. stocks continues to face pressure, with the Nasdaq declining, indicating that risk appetite for high-valuation assets has not yet recovered. Mapping to the crypto market, BTC, ETH, and XRP all weakened simultaneously today, reflecting that capital is still reducing exposure to high-volatility assets. In the short term, if BTC cannot reclaim the $60,000 level, the market may continue to test lower support; if ETF outflows slow down and the BitMart funding rate remains neutral, there is still potential for technical repair after low-level consolidation.

Investors are advised to continue monitoring whether BTC can reclaim the $60,000–$61,000 range and whether ETH can recover above $1,600. This article is for reference only and does not constitute any investment advice. The crypto market is highly volatile and risky; please make rational decisions and manage your own risk. (Source: BitMart)