Bitcoin Price Bottom Still Not Here, Says Analysts Citing Another 15% Drop

Key Insights:

• The realized Bitcoin price sits at $53,600, and weak demand plus ETF outflows show signs of further correction.
• U.S. spot Bitcoin ETFs recorded their 18th consecutive day of net outflows.
• Total Bitcoin demand dropped by roughly 652,000 BTC over the past week.

Bitcoin price has shown a strong resilience to the global market shakeout and the recent fall in the S&P 500. After a sharp drop last week, BTC is staying firm at $62,500 this week. However, market experts believe that it doesn’t rule out the chances of another major shakeout before the uptrend resumes. If BTC fails to defend the $60,000 support, the next stop could be to $50,000.

Bitcoin Price Can See A Drop Till $53,000

Blockchain analytics platform CryptoQuant stated that Bitcoin price could see a potential valuation floor around $53,000. This is equivalent to the BTC realized price.

However, CryptoQuant Head of Research Julio Moreno cautioned that the level should be viewed only as a “valuation bottom candidate” rather than confirmation of a cycle low. According to the firm, Bitcoin’s demand conditions remain weak.

CryptoQuant reported that total Bitcoin demand declined by approximately 652,000 BTC over the past week. Moreover, the analytics platform also noted that 30-day spot Bitcoin ETF demand growth has fallen to negative 74,000 BTC. This is a clear sign of reduced retail and institutional appetite for BTC.

Another crypto analyst, Crypto Jelle, stated that this bear market has been relatively less severe than the previous ones. In all the previous cycles, Bitcoin price dropped below the 0.618 Fibonacci retracement level.

Jelle noted that the current market structure remains consistent with previous bear market cycles. According to the analyst, if this historical pattern continues, Bitcoin could face further downside.

Bitcoin ETF Outflows Remain Strong

Amid the BTC price weakness, outflows from spot Bitcoin ETFs have continued to stay strong. As per data from Farside Investors, spot Bitcoin ETF recorded net outflows of approximately $213.84 million on June 10. This is the 18th consecutive session of net outflows for the BTC investment product.

BlackRock’s iShares Bitcoin Trust (IBIT) leads the most outflows, with another $148.47 million exit on Wednesday. Besides, Grayscale Investment’s GBTC came second with net outflows at $87.91 million.

A few funds managed to attract modest inflows during the session. Fidelity Investments’s FBTC added $4.04 million, while Grayscale’s Bitcoin Mini Trust saw inflows of $17.52 million. WisdomTree’s BTCW also posted a small inflow of $0.98 million. The rest of the other ETF issuers saw nearly zero inflows during the period.

Does This BTC Price Drop Provide A Chance to Accumulate

Bitcoin is already trading 24% down since the beginning of 2026, and a massive 36% down on the yearly chart. Some market experts believe that for long-term investors, this could be the right opportunity to DCA (Dollar Cost Averaging).

Speaking on it, popular analyst Michael van de Poppe stated that the BTC vs. S&P 500 set-up is similar to that seen in previous market cycles such as 2022. According to the analyst, the BTC/SPX chart is currently forming a bullish divergence on the weekly timeframe.

Van de Poppe noted that in 2022, financial markets experienced an additional leg lower after the divergence appeared. He added that a comparable decline has also unfolded in 2026, creating a similar technical backdrop.

The analyst described the latest market selloff as the sharpest weekly decline since the collapse of FTX. Poppe believes that this is the right time for long-term investors to start accumulating BTC.

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