The main cryptocurrency is experiencing serious difficulties, balancing on the edge of a psychological record of $59,000. In the last week, Bitcoin has depreciated by almost 6%, dragging down the entire market for Altcoin. The situation looks particularly disappointing as Ethereum falls to $1,500, which has caused the first alternative coin to lose second place in capitalization to USDT stablecoin.

The pressure on quotes has been compounded by the continuous outflow of funds from spot funds, which has now lasted for seven consecutive weeks. However, the main problem remains the lack of real customer interest. Technical analyst Ali Martinez has identified an alarming trend: the accumulation of Bitcoin has effectively come to a halt. For 208 days, from November 2025 to May 2026, the apparent demand for an asset did not register positive values, having fallen in June to a record low of minus 273,000 coins. According to the expert, old stocks enter the market faster than buyers can buy them back, which creates a powerful resistance to price growth.

Exacerbates the situation and behavior of short-term investors, who continue to report losses because current prices prevent them from going bust. Alphractal analysts note that such behavior is typical for a bear cycle, and bottom formation will occur only after the amount of realized losses has been reduced. However, on the daily schedule, the relative strength indicator starts to signal the entry of Bitcoin into the oversold zone. Historically, such signals preceded additional adjustments of 15-30%, prompting investors to prepare for further turbulence.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.