Bitcoin plunged to $61,300 on Thursday, marking a four-month low and capping a brutal 13% three-day selloff that pushed the cryptocurrency to its lowest level since February 6. The decline was driven by a toxic combination of factors: spot Bitcoin ETF outflows extended into a third consecutive week, Strategy disclosed its first BTC sale in nearly four years, and over $1.2 billion in leveraged long positions were liquidated. Capital has rotated aggressively into AI equities while Middle East geopolitical tensions and dollar strength suppress risk appetite. Bitcoin now trades roughly 50% below its October 2025 peak of $126,198. However, a sharp intraday reversal lifted prices back toward $64,000, suggesting strong buying interest at current levels. Traders are now watching Friday’s US jobs report and continued ETF flows as immediate catalysts heading into the weekend. The technical picture shows Bitcoin testing the floor of its 2026 consolidation range between $63,000 and $66,000.
FXnCO Insight
Monitor ETF flow data and Friday’s employment numbers closely—a pin bar close near $64,000 would signal defensive buyers are protecting support ahead of potential stabilization.
Source: Finance Magnates