Bitcoin Falls Below $60,000, Retreating Over 52% from All-Time High
Taylor Wilson
Bitcoin fell below $60,000 on Wednesday, now 52.6% off its October 2025 all-time high of $126,272, as ETFs posted a record $6.4 billion in net outflows over the past month — a broad retreat by both institutions and retail.
How far has it fallen?
Bitcoin broke below the $60,000 level, down 31.7% year-to-date.
The price is now approaching the June 5 low of $59,100 — a break below that would mark the lowest since September 2024.
This means → $60,000 is not just a psychological line. It is the boundary between a pause and a deeper leg down.
Where did the money go?
Over the past 30 days, Bitcoin ETFs saw $6.4 billion in net outflows — a record.
In plain terms = ETFs are the main channel through which institutions and retail investors buy Bitcoin. Record outflows signal a broad, systematic pullback — not isolated selling.
The single-day drop was about 4.6%; the weekly decline reached 8.9%. Fund withdrawals and falling prices are feeding on each other.
What are the technicals saying?
Bitcoin has fallen below its 20-day, 50-day, 100-day, and 200-day moving averages — lines that track the average price over each period. All four now slope downward, a bearish alignment across every time frame.
The RSI — a momentum gauge where readings below 30 typically signal "oversold" — sits at 31.09, just above that threshold.
This reflects selling pressure that has not yet reached an extreme. There is still room to fall further.
What happened last time it was here?
In early June, Bitcoin tested the $59,100 zone. The RSI plunged to a deeply oversold 15.95, and a bounce followed — back to roughly $67,000.
That entire rebound has now been fully erased. Price is back where it started.
This means → the last "oversold bounce" did not reverse the downtrend; it was a pause inside it. The RSI has not yet reached that June extreme, and whether technical buyers step in again is the single most-watched variable right now.
Content is for reference only, not financial advice.