Bitcoin falls below $61,000 after $18,000 drop in 10 days

June 06, 2026 (MLN): Bitcoin slipped below the $61,000 mark, losing around $18,000 in value over the past ten days amid increased selling pressure in the cryptocurrency market.

Currently, Bitcoin (BTC) is trading at $62,490.00, up $1,975.00 (+3.26%) on the day.

The sharp decline has been driven by a combination of ETF outflows, leveraged liquidations, and broader macroeconomic concerns. The move marks a notable shift after Bitcoin had maintained significantly higher levels in recent weeks, according to Crypto Briefing. 

Current market activity indicates growing caution among investors, with traders reassessing short-term expectations as the leading cryptocurrency remains under pressure.

Market pricing indicated that investors increasingly expect Bitcoin to remain below the $70,000 level through June 9, showing a cautious near-term outlook.

Expectations for Bitcoin staying under $64,000 have strengthened considerably in line with the recent decline in prices, while the likelihood of a rebound above that level in the coming days has diminished sharply.

The shift in market sentiment suggests that traders anticipate continued pressure on the cryptocurrency in the short term.

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