Bitcoin has continued to weaken recently, trading just above $62,000 and drawing close to the key $60,000 psychological level. Over the past week, it has declined nearly 16% from above $74,000, with the most significant drops occurring over the last three days.
This downturn coincides with a cooling in global AI trading. The support levels the market previously relied on are also weakening, with $60,000 seen as the next significant test. If breached, the price could revisit the $55,000 area.
Outflows intensify
U.S. spot Bitcoin ETFs have recorded net outflows for 15 consecutive trading days, totaling over $4.7 billion. The sustained withdrawal of funds has weakened a key source of market support.
Strategy's first coin sale
This week, Strategy disclosed its first sale of Bitcoin since 2022. The company is no longer acting as a marginal buyer to absorb market selling pressure, as it did in 2024 and 2025.
Key support has shifted lower
Bitcoin is still trading above $62,000, but short-term support has clearly shifted lower. If $60,000 is breached, the next technical support level will be closer to $55,000.