- Bitcoin slid below $60,000 last week — its steepest weekly drop since the 2022 FTX collapse, leaving the coin down ~50% from last year’s highs.
- Investors pulled about $5.5 billion from U.S. spot Bitcoin ETFs and the token fell below its 200-week moving average, weakening key technical support.
- Analysts warn the rebound may be short-lived — citing interest-rate shifts, selling by big holders (e.g., Michael Saylor’s Strategy Inc.) and a possible “silent” bear market.
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