Bitcoin Slides Under $60K Toward Rare Back-to-Back Quarterly Loss
Bitcoin dropped below $60,000 and is on pace for consecutive quarterly losses, a historically rare signal for crypto traders.
Bitcoin just cracked below $60,000, and the timing couldn't be worse — the calendar is working against bulls right now. If BTC closes this quarter in the red, it would mark back-to-back quarterly losses, something that almost never happens in Bitcoin's playbook. That's not a stat you ignore.
Historically, consecutive down quarters have been a warning sign that the market hasn't found its floor yet. Traders who bought the dip expecting a quick bounce are now sitting with underwater positions, and sentiment is shifting fast. When price action breaks key psychological levels like $60K, stop-losses cascade and selling pressure compounds.
Read more BofA Keeps Apple Buy Rating, Sees AI Upgrade Cycle Ahead →
The broader macro backdrop isn't doing crypto any favors either. Risk assets across the board have been under pressure, and Bitcoin's correlation to equities has made it a casualty of the same forces dragging down growth stocks. You can't just look at the BTC chart in isolation right now — the Fed, the dollar, and global liquidity all have a seat at the table.
For active traders, this is a moment to respect the trend rather than fight it. A quarterly close below $60K would be a data point that longer-term investors and institutions will not dismiss. Watch that level closely as the quarter end approaches — how BTC behaves around it will say a lot about where the next big move is headed.
Continue reading at CoinDesk.
