Bitcoin Slides Under $60K Heading for Back-to-Back Quarterly Loss
Bitcoin dropped below $60,000 and is on pace for a rare consecutive quarterly loss, rattling crypto traders.
Bitcoin just broke below the $60,000 level and is staring down a back-to-back quarterly loss — a rare event that historically signals serious seller pressure. If you're holding BTC right now, that's not a number you wanted to see on your screen.
Consecutive quarterly losses don't happen often in Bitcoin's relatively short history. When they do, they tend to spook both retail and institutional holders alike, triggering a fresh round of stop-losses and forced liquidations that can accelerate the decline. The psychological weight of $60K as a support level makes the breach even more significant.
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The broader crypto market tends to move in lockstep with Bitcoin, so altcoin holders aren't sitting pretty either. A sustained breakdown here could reset expectations that had been building around a bullish second half of the year, especially with macroeconomic headwinds still very much in play.
What traders watch next is whether Bitcoin can reclaim $60,000 quickly or if this becomes a prolonged struggle. A failed recovery attempt at that level would flip it from support into resistance — a textbook bearish signal that changes the short-term playbook entirely.
The clock is ticking on the quarter close. Every session matters now. Continue reading at CoinDesk.
