The old-timer stubbed out his cigarette, his hand still trembling: BTC lost the 60k mark, ETH fell below 1600, is this bull run really cooling off?

Bitcoin slid from 65k all the way to 58k, now at 59,771, a slight bounce of 0.35%—but the 60k defense line is breached, and once the psychological level is lost, morale takes a big hit.
ETH fared worse, dropping from 1660 straight to 1512, now at 1537, down 2.07%, with all moving averages pierced like paper.
The veteran exhaled smoke: "If you can't hold 60k, the next stops are 58 and 55. Don't talk to me about golden pits; there might be more pits under this one."

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📉 Three knives at the throat simultaneously

① Macro "cutting off the firewood": Rate hike expectations make a comeback
The new Fed Chair Walsh showed hawkish claws in his debut, putting "curbing inflation" at the center of the table. The market immediately shifted gears, with traders now 100% pricing in at least two rate hikes before Q1 2027, and the probability of a December move surging to 78%. The dollar index shot up to 101.8, hitting a nearly one-year high.
The holding cost for non-yielding assets like Bitcoin surges with rising Treasury yields—their correlation has crashed to -0.72. The baton for global capital flow has been handed back from geopolitical conflicts to central bank interest rates.

② Capital "fleeing for life": ETFs face the worst redemption wave in history
U.S. spot Bitcoin ETFs just endured their worst month—net outflows of $6.35 billion over the past 30 days, bleeding daily, setting a record. On June 24 alone, $469 million fled, with BlackRock's IBIT seeing $239 million in withdrawals, slashing about $1.75 billion in BTC positions over June. Institutions panic more than retail investors when they run.

③ Leverage "targeted detonation": Options expiry smashes the last line of defense
Today (June 26) happens to be a massive quarterly options expiry, worth hundreds of billions, accounting for 37% of the open interest in the entire market. Call options below 60k are basically worthless, and shorts are driving down prices aggressively before expiry to prevent any recovery.
Over 200k positions were liquidated in 24 hours, with $60k wiped out, including $1.16 billion in long positions. ETH liquidation volume hit $65k, worse than BTC's $774 million—altcoins are more fragile and take a harder beating. 📊 Panic spreads, but there are strange noises on the floor

The Fear & Greed Index fell to 13, firmly stuck in "Extreme Fear". The ETH/BTC ratio dropped below 0.027, hitting a two-year low—capital is saying: better to hold Bitcoin than Ethereum.
But on the other hand, the Rainbow Chart lights up with the "Bitcoin is Dead" signal for the first time in years, last seen at the end of 2018 and during the FTX crash in 2022. The Ahr999 indicator has dropped to 0.285, historically below 0.3 signaling a rare "extremely undervalued" moment. Meanwhile, whales scooped up 7,130 BTC yesterday, worth $436 million—big players are buying, retail is crying.

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🎯 Key lines of defense right now

BTC resistance above: 60k → 61,000 → 62,500, each level is a barrier stacked with trapped longs; support below first look at 58k (last night's low), if it fails, head to 55,000, and then the abyss of 52,000-54,000.
Tonight's core PCE data is the real "game-changer"—if it exceeds expectations, 57,000-55,000 could arrive in the blink of an eye.
The veteran's last words:
If your hands are itchy, chop them off—don't rush to buy the dip. Wait until volume picks up and prices stabilize. Once expiry is over, shorts have used up their ammunition, and the pressure will naturally ease. Losing 60k isn't the issue; the issue is if you panic-sell or catch a falling knife.

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Personal rambling, not financial advice. Crypto is risky; enter and exit at your own discretion.
$BTC $ETH $SOL #PCE通胀创三年新高，符合预期但压力未减 #Aave否认折价出售传闻