Strategy’s Bitcoin-buying model has come back under scrutiny after Grayscale warned that current share prices could limit its ability to continue accumulating. The concern emerged amid a Bitcoin sale, pressure from STRC dividends and doubts over whether Strategy can keep financing purchases without stronger investor demand.
On June 7, 2026, at 8:35 a.m. Eastern Time (EDT), Bitcoin ($BTC) was trading at $61,822, caught between strong oversold conditions on shorter timeframes and persistent pressure from moving averages on the daily chart. The technical picture this weekend is mixed but clearly tilted bearish, with the $63,000 level standing out as the most important area on current charts.
This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.
Bear market comments and speculation have returned to the cryptocurrency space after Bitcoin erased more than $400 billion from its market cap in a matter of weeks, falling from over $82,000 to a Friday low of $59,000 — its lowest level in 19 months.
Bitcoin rose above $62,000 on Sunday, recovering from its 2026 lows after a sharp market sell-off that wiped hundreds of billions of dollars from the value of digital assets, CoinDesk reported.
Bitcoin is testing a key support zone as investors assess whether the $60,000 level will hold. One strategist noted that a downside break could bring the $55,000 mark into focus, while holding support could help preserve the prospect of reaching the $100,000 target by the end of the year.
Bitcoin’s drop into oversold territory has led technical indicators to begin signalling a possible recovery. According to analysts, Bitcoin ($BTC), which has lost roughly 30% of its value over the past month, has reached its lowest Relative Strength Index (RSI) level since the pandemic-driven market crash in 2020.
Bitcoin ownership patterns changed in the first quarter of 2026, as hedge funds and brokerage firms reduced risk during the market downturn, while banks, governments and private equity firms increased their positions, according to data published in a recent CoinShares report.
As of 5 June 2026, the US stock market had lost almost $2 trillion in capitalisation after the release of one of the strongest US jobs reports in the past 18 months. Against this backdrop, Bitcoin fell by more than 50% from its October 2025 all-time high, while analysts, investors and crypto industry representatives offered sharply different assessments of what is happening in the market.
Between 1 and 5 June 2026, the spot Bitcoin ETF sector recorded capital outflows of $1.72 billion. This was the second-largest negative result in the entire history of these products, according to SoSoValue data.
Bitcoin rebounded above $61,000 on Saturday after briefly falling below the key $60,000 level, as traders assessed the fallout from a broad market sell-off triggered by stronger-than-expected US employment data.
Bitcoin is testing a major support area after losing the $80,000 region and rejecting key moving averages. Analysts now point to the low-$60,000 zone as the main level to hold, while a deeper break could bring the $48,700 and $40,000–$50,000 areas into focus.
During the night of 5–6 June 2026, Bitcoin briefly fell below the $60,000 mark, triggering large-scale liquidations in the derivatives market. According to CoinGlass, positions held by 349,549 traders worth a total of $1.81 billion were forcibly closed over the past 24 hours. The event became one of the largest liquidation cascades of the year and returned Bitcoin to levels last seen in October 2024.
Bitcoin fell below $60,000 for the first time since autumn 2024, according to data from the Binance platform. Since reaching a peak of $126,000 last October, Bitcoin briefly lost more than half of its value, Bloomberg notes. Traders are convinced that the correction will not end soon.
On Friday, 5 May, the price of Bitcoin fell by almost 5% in one day to $60,541, while weekly losses reached around 18%, the Financial Times reports. According to the publication, Bitcoin came close to its largest weekly loss since November 2022.
According to the data, Strategy, led by Michael Saylor, has suffered total losses of more than $12.4 billion on its Bitcoin portfolio, while BitMine, led by Tom Lee, has lost more than $10 billion on its Ethereum portfolio.
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