By Isaac • June 28, 2026 9:05 am •
Bitcoin fell below $60,000 on June 28, putting the asset on track for a rare back-to-back quarterly loss.
That second part is the real story. A single break of $60K is a headline number.
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Two losing quarters in a row is a change in the tone of the whole market.
The move is arriving with company. ETF flows, on-chain demand and the short-term order book are all pointing the same way right now.
Glassnode laid out the demand problem this week.
Glassnode showed that the weakness under $60K was also visible in onchain and derivatives behavior. Glassnode described the market as waiting for buyers after BTC broke below $60K.
The firm pointed to loss realization, ETF
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